South Texas Money Management Ltd. Buys Shares of 5,000 Rush Enterprises, Inc. (RUSHA)

South Texas Money Management Ltd. bought a new stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 5,000 shares of the company’s stock, valued at approximately $209,000.

Other institutional investors and hedge funds have also modified their holdings of the company. FNY Investment Advisers LLC boosted its stake in Rush Enterprises by 109.8% during the 4th quarter. FNY Investment Advisers LLC now owns 1,200 shares of the company’s stock valued at $41,000 after purchasing an additional 628 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in Rush Enterprises by 9.5% during the 4th quarter. Great West Life Assurance Co. Can now owns 3,683 shares of the company’s stock valued at $122,000 after purchasing an additional 321 shares during the last quarter. Verition Fund Management LLC purchased a new stake in Rush Enterprises during the 3rd quarter valued at $216,000. Denali Advisors LLC purchased a new stake in Rush Enterprises during the 1st quarter valued at $226,000. Finally, Raymond James & Associates boosted its stake in Rush Enterprises by 4.8% during the 4th quarter. Raymond James & Associates now owns 6,939 shares of the company’s stock valued at $239,000 after purchasing an additional 320 shares during the last quarter. Institutional investors and hedge funds own 75.50% of the company’s stock.

Several analysts have commented on RUSHA shares. BidaskClub upgraded Rush Enterprises from a “hold” rating to a “buy” rating in a research note on Friday, February 15th. Zacks Investment Research upgraded Rush Enterprises from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Friday, January 18th. Finally, ValuEngine upgraded Rush Enterprises from a “sell” rating to a “hold” rating in a research note on Friday, February 15th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Rush Enterprises presently has a consensus rating of “Buy” and a consensus price target of $47.75.

RUSHA stock opened at $43.74 on Wednesday. The firm has a market capitalization of $1.58 billion, a PE ratio of 11.36, a PEG ratio of 0.74 and a beta of 1.31. Rush Enterprises, Inc. has a 1 year low of $31.53 and a 1 year high of $46.66. The company has a current ratio of 1.13, a quick ratio of 0.23 and a debt-to-equity ratio of 0.46.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings results on Wednesday, February 13th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.28. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.34 billion. Rush Enterprises had a return on equity of 14.60% and a net margin of 2.53%. On average, equities research analysts expect that Rush Enterprises, Inc. will post 3.92 earnings per share for the current fiscal year.

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Rush Enterprises Company Profile

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.

Further Reading: Why is Cost of Capital Important?

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Institutional Ownership by Quarter for Rush Enterprises (NASDAQ:RUSHA)

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