Rush Enterprises (NASDAQ:RUSHB) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a report released on Thursday.

Shares of RUSHB opened at $41.02 on Thursday. The stock has a market cap of $1.67 billion, a PE ratio of 14.35 and a beta of 1.12. Rush Enterprises has a 1 year low of $36.61 and a 1 year high of $52.76. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.29 and a current ratio of 1.15.

Rush Enterprises (NASDAQ:RUSHB) last issued its quarterly earnings results on Tuesday, July 24th. The company reported $0.92 earnings per share (EPS) for the quarter. The business had revenue of $1.35 billion for the quarter. Rush Enterprises had a net margin of 3.68% and a return on equity of 12.17%.

Institutional investors and hedge funds have recently modified their holdings of the company. Gamco Investors INC. ET AL lifted its position in shares of Rush Enterprises by 3.5% during the second quarter. Gamco Investors INC. ET AL now owns 627,499 shares of the company’s stock worth $27,547,000 after purchasing an additional 21,400 shares in the last quarter. Strs Ohio raised its holdings in Rush Enterprises by 9.9% in the second quarter. Strs Ohio now owns 15,600 shares of the company’s stock valued at $684,000 after acquiring an additional 1,400 shares in the last quarter. Private Management Group Inc. raised its holdings in Rush Enterprises by 1.8% in the second quarter. Private Management Group Inc. now owns 394,497 shares of the company’s stock valued at $17,318,000 after acquiring an additional 7,091 shares in the last quarter. BlackRock Inc. raised its holdings in Rush Enterprises by 1.6% in the second quarter. BlackRock Inc. now owns 280,873 shares of the company’s stock valued at $12,331,000 after acquiring an additional 4,396 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in Rush Enterprises by 21.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 22,958 shares of the company’s stock valued at $1,008,000 after acquiring an additional 4,089 shares in the last quarter. 9.96% of the stock is currently owned by institutional investors and hedge funds.

About Rush Enterprises

Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States. The company operates a network of commercial vehicle dealerships under the Rush Truck Centers name. Its Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, Mitsubishi Fuso, IC Bus, or Blue Bird; provides new and used commercial vehicles, and aftermarket parts, as well as service and repair, financing, and leasing and rental services; and offers property and casualty insurance, including collision and liability insurance on commercial vehicles, cargo insurance, and credit life insurance to its commercial vehicle customers.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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