UBS Asset Management Americas Inc. increased its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 110.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 15,325 shares of the company’s stock after buying an additional 8,037 shares during the period. UBS Asset Management Americas Inc.’s holdings in Rush Enterprises were worth $507,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp raised its stake in shares of Rush Enterprises by 0.5% in the fourth quarter. State Street Corp now owns 603,871 shares of the company’s stock valued at $19,265,000 after buying an additional 3,300 shares in the last quarter. Norges Bank bought a new stake in Rush Enterprises during the fourth quarter worth $7,766,000. Bank of New York Mellon Corp raised its stake in shares of Rush Enterprises by 2.8% in the first quarter. Bank of New York Mellon Corp now owns 186,367 shares of the company’s stock worth $6,163,000 after buying an additional 5,072 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Rush Enterprises by 6.4% in the first quarter. Bank of Montreal Can now owns 185,418 shares of the company’s stock worth $6,134,000 after buying an additional 11,174 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Rush Enterprises by 226.7% in the first quarter. Russell Investments Group Ltd. now owns 135,404 shares of the company’s stock worth $4,478,000 after buying an additional 93,956 shares during the last quarter. Institutional investors own 76.37% of the company’s stock.
Rush Enterprises, Inc. (NASDAQ:RUSHA) traded down 0.18% during trading on Friday, reaching $39.41. The company had a trading volume of 117,422 shares. The company’s 50-day moving average is $39.23 and its 200 day moving average is $36.06. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 24.88 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 posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.54 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 7.31%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.07 billion. Equities analysts anticipate that Rush Enterprises, Inc. will post $1.80 EPS for the current year.
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A number of equities analysts have issued reports on the company. BidaskClub downgraded Rush Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. BMO Capital Markets raised their price target on Rush Enterprises from $30.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded Rush Enterprises from a “hold” rating to a “strong-buy” rating and set a $47.00 price target for the company in a report on Saturday, July 29th. Stifel Nicolaus restated a “hold” rating and set a $38.00 price target on shares of Rush Enterprises in a report on Friday, July 28th. Finally, TheStreet upgraded Rush Enterprises from a “c+” rating to a “b-” rating in a report on Tuesday, April 25th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus 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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