UBS Asset Management Americas Inc. boosted its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 19.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 26,391 shares of the company’s stock after purchasing an additional 4,318 shares during the period. UBS Asset Management Americas Inc.’s holdings in Rush Enterprises were worth $1,341,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of RUSHA. The Manufacturers Life Insurance Company raised its position in shares of Rush Enterprises by 5.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 22,419 shares of the company’s stock valued at $1,138,000 after buying an additional 1,161 shares during the last quarter. Eqis Capital Management Inc. raised its position in shares of Rush Enterprises by 25.1% in the fourth quarter. Eqis Capital Management Inc. now owns 6,407 shares of the company’s stock valued at $326,000 after buying an additional 1,287 shares during the last quarter. Great West Life Assurance Co. Can raised its position in shares of Rush Enterprises by 70.7% in the third quarter. Great West Life Assurance Co. Can now owns 3,362 shares of the company’s stock valued at $157,000 after buying an additional 1,393 shares during the last quarter. American International Group Inc. raised its position in shares of Rush Enterprises by 8.1% in the third quarter. American International Group Inc. now owns 19,950 shares of the company’s stock valued at $923,000 after buying an additional 1,491 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in shares of Rush Enterprises by 5.0% in the third quarter. California Public Employees Retirement System now owns 39,285 shares of the company’s stock valued at $1,819,000 after buying an additional 1,885 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

How to Become a New Pot Stock Millionaire

Shares of Rush Enterprises, Inc. (RUSHA) opened at $41.77 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.17 and a quick ratio of 0.29. Rush Enterprises, Inc. has a 1-year low of $30.74 and a 1-year high of $55.40. The stock has a market cap of $1,724.37, a PE ratio of 19.24, a P/E/G ratio of 1.01 and a beta of 1.28.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.08. Rush Enterprises had a net margin of 3.65% and a return on equity of 10.00%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. research analysts expect that Rush Enterprises, Inc. will post 2.85 EPS for the current fiscal year.

Rush Enterprises declared that its Board of Directors has authorized a stock buyback program on Thursday, November 30th that authorizes the company to buyback $40.00 million in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

A number of equities research analysts have recently commented on RUSHA shares. Seaport Global Securities reiterated a “buy” rating and issued a $62.00 target price on shares of Rush Enterprises in a research report on Wednesday, January 17th. ValuEngine upgraded shares of Rush Enterprises from a “hold” rating to a “buy” rating in a research report on Tuesday, January 2nd. Zacks Investment Research upgraded shares of Rush Enterprises from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research report on Wednesday, February 7th. Buckingham Research upgraded shares of Rush Enterprises from a “neutral” rating to a “buy” rating and set a $53.00 target price for the company in a research report on Tuesday, February 27th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $51.00 price objective on shares of Rush Enterprises in a report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Rush Enterprises currently has an average rating of “Hold” and an average target price of $51.80.

ILLEGAL ACTIVITY NOTICE: “Rush Enterprises, Inc. (RUSHA) Shares Bought by UBS Asset Management Americas Inc.” was published by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another site, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this report can be viewed at https://www.watchlistnews.com/rush-enterprises-inc-rusha-shares-bought-by-ubs-asset-management-americas-inc/1960205.html.

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.

Want to see what other hedge funds are holding RUSHA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rush Enterprises, Inc. (NASDAQ:RUSHA).

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

Receive News & Ratings for Rush Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rush Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.