Quantitative Systematic Strategies LLC purchased a new stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,713 shares of the company’s stock, valued at approximately $432,000.
Several other institutional investors also recently bought and sold shares of the stock. Gamco Investors INC. ET AL raised its stake in Rush Enterprises by 0.7% in the first quarter. Gamco Investors INC. ET AL now owns 16,889 shares of the company’s stock valued at $559,000 after buying an additional 110 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Rush Enterprises by 2.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,527 shares of the company’s stock worth $177,000 after buying an additional 115 shares in the last quarter. US Bancorp DE raised its position in Rush Enterprises by 0.8% in the second quarter. US Bancorp DE now owns 21,036 shares of the company’s stock worth $782,000 after buying an additional 164 shares in the last quarter. Teachers Advisors LLC raised its position in Rush Enterprises by 1.2% in the fourth quarter. Teachers Advisors LLC now owns 52,108 shares of the company’s stock worth $1,662,000 after buying an additional 616 shares in the last quarter. Finally, American International Group Inc. raised its position in Rush Enterprises by 7.1% in the first quarter. American International Group Inc. now owns 18,143 shares of the company’s stock worth $600,000 after buying an additional 1,195 shares in the last quarter. Institutional investors and hedge funds own 76.73% of the company’s stock.
Shares of Rush Enterprises, Inc. (RUSHA) traded down 1.57% during trading on Tuesday, hitting $40.72. 137,663 shares of the stock were exchanged. The firm has a 50 day moving average price of $37.60 and a 200 day moving average price of $35.41. The firm has a market capitalization of $1.61 billion, a P/E ratio of 25.71 and a beta of 1.19. Rush Enterprises, Inc. has a 52 week low of $21.99 and a 52 week high of $43.55.
Rush Enterprises (NASDAQ:RUSHA) last released its earnings results on Wednesday, July 26th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.15. Rush Enterprises had a net margin of 1.46% and a return on equity of 7.37%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.07 billion. Analysts forecast that Rush Enterprises, Inc. will post $1.80 EPS for the current fiscal year.
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A number of research analysts have recently commented on the stock. BidaskClub lowered shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. Zacks Investment Research raised shares of Rush Enterprises from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a research report on Tuesday, June 27th. TheStreet raised shares of Rush Enterprises from a “c+” rating to a “b-” rating in a research note on Tuesday, April 25th. Stifel Nicolaus upped their target price on shares of Rush Enterprises from $32.00 to $35.00 and gave the company a “hold” rating in a research note on Wednesday, April 26th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $30.00 target price on shares of Rush Enterprises in a research note on Friday, July 7th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Rush Enterprises currently has an average rating of “Buy” and an average price target of $42.25.
About Rush Enterprises
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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