Public Sector Pension Investment Board Acquires 30,293 Shares of Rush Enterprises, Inc. $RUSHA

Public Sector Pension Investment Board raised its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 14.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 238,940 shares of the company’s stock after purchasing an additional 30,293 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.31% of Rush Enterprises worth $12,776,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RUSHA. Savvy Advisors Inc. raised its position in shares of Rush Enterprises by 17.3% in the third quarter. Savvy Advisors Inc. now owns 6,431 shares of the company’s stock valued at $344,000 after purchasing an additional 948 shares during the period. Johnson Investment Counsel Inc. grew its stake in Rush Enterprises by 0.5% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 59,185 shares of the company’s stock valued at $3,165,000 after buying an additional 291 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Rush Enterprises by 33.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 25,321 shares of the company’s stock valued at $1,354,000 after acquiring an additional 6,287 shares during the period. Bridges Investment Management Inc. lifted its position in Rush Enterprises by 6.4% during the third quarter. Bridges Investment Management Inc. now owns 43,899 shares of the company’s stock worth $2,347,000 after acquiring an additional 2,649 shares during the last quarter. Finally, AlphaQuest LLC boosted its holdings in shares of Rush Enterprises by 1.3% during the third quarter. AlphaQuest LLC now owns 24,373 shares of the company’s stock worth $1,303,000 after acquiring an additional 302 shares during the period. 84.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on RUSHA shares. Zacks Research raised Rush Enterprises from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. Stephens dropped their target price on Rush Enterprises from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Wall Street Zen raised shares of Rush Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday. UBS Group initiated coverage on shares of Rush Enterprises in a research note on Wednesday, January 28th. They issued a “neutral” rating and a $70.00 price target on the stock. Finally, Weiss Ratings cut shares of Rush Enterprises from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 10th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $62.50.

Rush Enterprises Stock Down 0.6%

Shares of NASDAQ RUSHA opened at $71.54 on Monday. The stock has a market capitalization of $5.51 billion, a P/E ratio of 21.23, a PEG ratio of 0.88 and a beta of 0.92. The stock’s fifty day moving average is $60.93 and its 200 day moving average is $56.09. Rush Enterprises, Inc. has a 52 week low of $45.67 and a 52 week high of $74.19. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.34 and a current ratio of 1.37.

Rush Enterprises Company Profile

Rush Enterprises, Inc, headquartered in New Braunfels, Texas, is a leading distributor of commercial vehicles and related products in the United States. Through its Rush Truck Centers subsidiary, the company sells new and used medium- and heavy-duty trucks, buses and specialty vehicles, while also offering factory-authorized parts, collision repair, maintenance and warranty support across its network of dealerships.

Founded in 1965, Rush Enterprises has grown to encompass more than 150 locations in over 20 states, partnering with major manufacturers including Kenworth, Peterbilt, Freightliner, Volvo and Mack.