EAM Investors LLC bought a new stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 53,125 shares of the company’s stock, valued at approximately $2,459,000. EAM Investors LLC owned about 0.13% of Rush Enterprises at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Ameritas Investment Partners Inc. raised its stake in Rush Enterprises by 8.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,112 shares of the company’s stock valued at $152,000 after purchasing an additional 316 shares during the last quarter. Convergence Investment Partners LLC increased its stake in shares of Rush Enterprises by 4.3% during the 2nd quarter. Convergence Investment Partners LLC now owns 34,761 shares of the company’s stock valued at $1,292,000 after acquiring an additional 1,427 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Rush Enterprises by 10.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 258,038 shares of the company’s stock valued at $8,536,000 after acquiring an additional 24,038 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Rush Enterprises by 110.3% during the 1st quarter. UBS Asset Management Americas Inc. now owns 15,325 shares of the company’s stock valued at $507,000 after acquiring an additional 8,037 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its stake in shares of Rush Enterprises by 18.3% during the 2nd quarter. Westfield Capital Management Co. LP now owns 722,639 shares of the company’s stock valued at $26,868,000 after acquiring an additional 111,813 shares during the last quarter. 74.36% of the stock is owned by hedge funds and other institutional investors.

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A number of research firms have recently commented on RUSHA. BidaskClub raised shares of Rush Enterprises from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Buckingham Research began coverage on shares of Rush Enterprises in a research note on Tuesday, September 5th. They set a “neutral” rating and a $40.00 price objective for the company. Zacks Investment Research raised shares of Rush Enterprises from a “hold” rating to a “strong-buy” rating and set a $53.00 price objective for the company in a research note on Wednesday, October 18th. ValuEngine downgraded shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Stifel Nicolaus upped their price objective on shares of Rush Enterprises from $41.00 to $45.00 and gave the company a “hold” rating in a research note on Monday, October 30th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Rush Enterprises has a consensus rating of “Hold” and a consensus target price of $46.00.

Shares of Rush Enterprises, Inc. (NASDAQ RUSHA) traded up $0.79 during trading hours on Wednesday, hitting $49.54. The stock had a trading volume of 170,400 shares, compared to its average volume of 219,396. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.55. Rush Enterprises, Inc. has a 1-year low of $28.73 and a 1-year high of $54.11. The stock has a market cap of $1,941.91, a PE ratio of 25.26, a P/E/G ratio of 1.56 and a beta of 1.20.

Rush Enterprises (NASDAQ:RUSHA) last issued its earnings results on Wednesday, October 25th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.25. Rush Enterprises had a return on equity of 8.82% and a net margin of 1.74%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.21 billion. research analysts expect that Rush Enterprises, Inc. will post 2.08 EPS for the current year.

In other news, CEO William M. Rusty Rush sold 10,906 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $4,926,982.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Derrek Weaver sold 26,732 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $52.13, for a total value of $1,393,539.16. Following the sale, the executive vice president now owns 14,733 shares of the company’s stock, valued at approximately $768,031.29. The disclosure for this sale can be found here. Insiders have sold a total of 61,838 shares of company stock valued at $3,130,903 in the last quarter. Company insiders own 11.19% of the company’s stock.

Rush Enterprises 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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Institutional Ownership by Quarter for Rush Enterprises (NASDAQ:RUSHA)

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