Teachers Advisors LLC raised its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,108 shares of the company’s stock after buying an additional 616 shares during the period. Teachers Advisors LLC owned about 0.13% of Rush Enterprises worth $1,662,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its stake in Rush Enterprises by 2.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,527 shares of the company’s stock valued at $177,000 after buying an additional 115 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in Rush Enterprises during the fourth quarter valued at $201,000. Tudor Investment Corp Et Al acquired a new stake in Rush Enterprises during the fourth quarter valued at $265,000. Suntrust Banks Inc. acquired a new stake in Rush Enterprises during the third quarter valued at $220,000. Finally, Trexquant Investment LP acquired a new stake in Rush Enterprises during the fourth quarter valued at $353,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.
Shares of Rush Enterprises, Inc. (RUSHA) traded up 2.47% during trading on Monday, hitting $36.46. 92,965 shares of the stock traded hands. The firm’s 50-day moving average price is $36.71 and its 200-day moving average price is $34.12. Rush Enterprises, Inc. has a 52 week low of $20.22 and a 52 week high of $39.21. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 27.98 and a beta of 1.12.
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Several brokerages have recently issued reports on RUSHA. BidaskClub downgraded shares of Rush Enterprises from a “buy” rating to a “hold” rating in a report on Friday. BMO Capital Markets reissued a “hold” rating and set a $30.00 price target on shares of Rush Enterprises in a report on Thursday, April 20th. Seaport Global Securities began coverage on shares of Rush Enterprises in a report on Thursday, April 6th. They set a “buy” rating and a $42.00 price target for the company. Stifel Nicolaus boosted their price target on shares of Rush Enterprises from $32.00 to $35.00 and gave the company a “hold” rating in a report on Wednesday, April 26th. Finally, Zacks Investment Research downgraded shares of Rush Enterprises from a “buy” rating to a “hold” rating in a report on Thursday, April 27th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Rush Enterprises has a consensus rating of “Hold” and a consensus price target of $35.75.
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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