Prescott Group Capital Management L.L.C. Acquires 24,652 Shares of Rush Enterprises, Inc. $RUSHA

Prescott Group Capital Management L.L.C. raised its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 50.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 73,956 shares of the company’s stock after buying an additional 24,652 shares during the period. Prescott Group Capital Management L.L.C. owned approximately 0.06% of Rush Enterprises worth $3,388,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Integrated Wealth Concepts LLC purchased a new stake in Rush Enterprises in the 2nd quarter worth about $25,000. Root Financial Partners LLC increased its holdings in shares of Rush Enterprises by 75.4% in the 1st quarter. Root Financial Partners LLC now owns 407 shares of the company’s stock valued at $27,000 after purchasing an additional 175 shares during the period. Salomon & Ludwin LLC lifted its position in shares of Rush Enterprises by 50.0% in the third quarter. Salomon & Ludwin LLC now owns 903 shares of the company’s stock worth $41,000 after purchasing an additional 301 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of Rush Enterprises in the third quarter worth approximately $55,000. Finally, Pinnacle Wealth Planning Services Inc. boosted its holdings in shares of Rush Enterprises by 62.2% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,207 shares of the company’s stock worth $55,000 after purchasing an additional 463 shares during the period. Institutional investors own 84.43% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Zacks Research downgraded shares of Rush Enterprises from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 2nd. Weiss Ratings restated a “buy (b-)” rating on shares of Rush Enterprises in a research note on Wednesday, October 21st. Stephens lowered their target price on Rush Enterprises from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, October 29th. UBS Group reaffirmed a “neutral” rating and issued a $56.67 target price (up from $52.00) on shares of Rush Enterprises in a research report on Tuesday, August 25th. Finally, Wall Street Zen raised shares of Rush Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $50.26.

Rush Enterprises Stock Down 0.4%

RUSHA opened at $44.27 on Wednesday. The firm has a market cap of $5.17 billion, a P/E ratio of 19.16, a price-to-earnings-growth ratio of 1.59 and a beta of 0.89. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.37 and a current ratio of 1.44. The business has a 50 day moving average price of $47.14 and a 200 day moving average price of $36.44. Rush Enterprises, Inc. has a twelve month low of $30.45 and a twelve month high of $55.74.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.64 by $0.01. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.05 billion. Rush Enterprises had a return on equity of 11.91% and a net margin of 3.70%. Research analysts forecast that Rush Enterprises, Inc. will post 2.43 EPS for the current year.

Rush Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 11th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.56 dividend on an annualized basis and a yield of 1.3%. Rush Enterprises’s payout ratio is currently 24.24%.

About Rush Enterprises

Rush Enterprises, Inc is a commercial vehicle solutions provider operating through the Rush Truck Centers network. The company sells new and used commercial trucks, including vehicles from manufacturers such as Peterbilt, International, Hino, Isuzu and Ford, along with related buses and specialty vehicles in selected markets.

In addition to vehicle sales, Rush provides parts, maintenance and repair services through its dealership network. Its offerings also include truck leasing and rentals, collision repair, mobile service, aftermarket products, and fleet-management and technology solutions designed to support commercial transportation operators.

Founded in 1965 and headquartered in New Braunfels, Texas, Rush has expanded from its original Peterbilt dealership into one of the largest commercial vehicle dealership networks in the United States.