Vanguard Group Inc. boosted its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 4.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,709,339 shares of the company’s stock after buying an additional 104,057 shares during the period. Vanguard Group Inc. owned about 6.83% of Rush Enterprises worth $89,625,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Ameritas Investment Partners Inc. increased its stake in Rush Enterprises by 153.1% in the first quarter. Ameritas Investment Partners Inc. now owns 3,796 shares of the company’s stock worth $125,000 after buying an additional 2,296 shares in the last quarter. Nine Chapters Capital Management LLC bought a new stake in Rush Enterprises during the first quarter worth about $281,000. Koch Industries Inc. bought a new stake in Rush Enterprises during the first quarter worth about $294,000. Dynamic Technology Lab Private Ltd bought a new stake in Rush Enterprises during the first quarter worth about $312,000. Finally, Capital Fund Management S.A. bought a new stake in Rush Enterprises during the first quarter worth about $414,000. Institutional investors own 76.37% of the company’s stock.
Shares of Rush Enterprises, Inc. (NASDAQ RUSHA) traded down 0.18% during trading on Friday, reaching $39.41. The company’s stock had a trading volume of 117,422 shares. The firm has a market cap of $1.57 billion, a PE ratio of 24.88 and a beta of 1.19. The stock’s 50 day moving average price is $39.23 and its 200-day moving average price is $36.06. Rush Enterprises, Inc. has a 12 month low of $21.99 and a 12 month high of $43.55.
Rush Enterprises (NASDAQ:RUSHA) last posted its earnings results on Wednesday, July 26th. The company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.15. Rush Enterprises had a net margin of 1.46% and a return on equity of 7.31%. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Equities analysts predict that Rush Enterprises, Inc. will post $1.80 EPS for the current year.
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A number of analysts recently issued reports on the company. BidaskClub raised Rush Enterprises from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Zacks Investment Research downgraded Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th. BMO Capital Markets reissued a “hold” rating and set a $30.00 price target on shares of Rush Enterprises in a research report on Friday, July 7th. Stifel Nicolaus boosted their price target on Rush Enterprises from $32.00 to $35.00 and gave the stock a “hold” rating in a research report on Wednesday, April 26th. Finally, TheStreet raised Rush Enterprises from a “c+” rating to a “b-” rating in a research report on Tuesday, April 25th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $42.25.
Rush Enterprises Company Profile
Rush Enterprises, Inc is an integrated retailer of commercial vehicles and related services. The Company operates through the Truck Segment, which includes its operation of a regional network of commercial vehicle dealerships under the name Rush Truck Centers. Through its Rush Truck Centers, it offers services, including retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing and rental, and insurance products.
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