Gamco Investors INC. ET AL lessened its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 17.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,889 shares of the company’s stock after selling 3,000 shares during the period. Gamco Investors INC. ET AL’s holdings in Rush Enterprises were worth $643,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of RUSHA. UBS Asset Management Americas Inc. increased its stake in Rush Enterprises by 110.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 15,325 shares of the company’s stock worth $507,000 after buying an additional 8,037 shares during the period. Wellington Management Group LLP increased its stake in Rush Enterprises by 15.9% in the 1st quarter. Wellington Management Group LLP now owns 18,617 shares of the company’s stock worth $616,000 after buying an additional 2,555 shares during the period. Teachers Advisors LLC increased its stake in Rush Enterprises by 3.0% in the 1st quarter. Teachers Advisors LLC now owns 53,656 shares of the company’s stock worth $1,775,000 after buying an additional 1,548 shares during the period. Legal & General Group Plc increased its stake in Rush Enterprises by 150.3% in the 1st quarter. Legal & General Group Plc now owns 42,800 shares of the company’s stock worth $1,414,000 after buying an additional 25,700 shares during the period. Finally, Vanguard Group Inc. increased its stake in Rush Enterprises by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 2,709,339 shares of the company’s stock worth $89,625,000 after buying an additional 104,057 shares during the period. 76.02% of the stock is currently owned by institutional investors.
Rush Enterprises, Inc. (NASDAQ:RUSHA) opened at $48.71 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.16 and a quick ratio of 0.29. Rush Enterprises, Inc. has a 12-month low of $27.30 and a 12-month high of $54.11. The stock has a market cap of $1,974.73, a P/E ratio of 25.72, a PEG ratio of 1.59 and a beta of 1.20.
Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.25. Rush Enterprises had a net margin of 1.74% and a return on equity of 8.82%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.21 billion. research analysts forecast that Rush Enterprises, Inc. will post 2.08 earnings per share for the current year.
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In related news, EVP Derrek Weaver sold 26,732 shares of Rush Enterprises stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $52.13, for a total value of $1,393,539.16. Following the completion of the sale, the executive vice president now directly owns 14,733 shares in the company, valued at approximately $768,031.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William M. Rusty Rush sold 10,906 shares of Rush Enterprises stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $51.24, for a total transaction of $558,823.44. Following the completion of the sale, the chief executive officer now owns 96,155 shares of the company’s stock, valued at $4,926,982.20. The disclosure for this sale can be found here. 11.19% of the stock is owned by insiders.
A number of research analysts have commented on RUSHA shares. BMO Capital Markets raised their target price on shares of Rush Enterprises from $30.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, August 1st. Zacks Investment Research raised shares of Rush Enterprises from a “hold” rating to a “strong-buy” rating and set a $47.00 target price on the stock in a research report on Saturday, July 29th. BidaskClub downgraded shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. ValuEngine downgraded shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Stifel Nicolaus reissued a “hold” rating and set a $38.00 target price on shares of Rush Enterprises in a research report on Friday, July 28th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Rush Enterprises presently has a consensus rating of “Hold” and a consensus price target of $46.00.
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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