Rush Enterprises, Inc. (RUSHA) Shares Sold by Schroder Investment Management Group
Schroder Investment Management Group trimmed its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,679 shares of the company’s stock after selling 506 shares during the period. Schroder Investment Management Group owned about 0.08% of Rush Enterprises worth $1,167,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Ameritas Investment Partners Inc. boosted its position in shares of Rush Enterprises by 153.1% during the first quarter. Ameritas Investment Partners Inc. now owns 3,796 shares of the company’s stock worth $125,000 after buying an additional 2,296 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of Rush Enterprises by 226.6% during the second quarter. BNP Paribas Arbitrage SA now owns 6,167 shares of the company’s stock worth $229,000 after buying an additional 4,279 shares during the period. Aperio Group LLC acquired a new position in shares of Rush Enterprises during the second quarter worth about $243,000. Koch Industries Inc. acquired a new position in shares of Rush Enterprises during the first quarter worth about $294,000. Finally, Principal Financial Group Inc. acquired a new position in shares of Rush Enterprises during the second quarter worth about $296,000. 75.44% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently weighed in on RUSHA. Buckingham Research began coverage on Rush Enterprises in a research report on Tuesday, September 5th. They set a “neutral” rating and a $40.00 price objective for the company. ValuEngine raised Rush Enterprises from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub cut Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. BMO Capital Markets upped their price objective on Rush Enterprises from $30.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research raised Rush Enterprises from a “hold” rating to a “strong-buy” rating and set a $47.00 price objective for the company in a research report on Saturday, July 29th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Rush Enterprises presently has an average rating of “Buy” and a consensus target price of $41.80.
Shares of Rush Enterprises, Inc. (NASDAQ RUSHA) opened at 43.93 on Monday. Rush Enterprises, Inc. has a 12-month low of $21.99 and a 12-month high of $44.08. The company’s 50-day moving average price is $40.57 and its 200 day moving average price is $37.13. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 27.73 and a beta of 1.19.
Rush Enterprises (NASDAQ:RUSHA) last announced its earnings results on Wednesday, July 26th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.07 billion. Equities analysts predict that Rush Enterprises, Inc. will post $1.79 earnings per share for the current year.
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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