California Public Employees Retirement System reduced its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 9.2% during the first quarter, Holdings Channel reports. The fund owned 51,100 shares of the company’s stock after selling 5,200 shares during the period. California Public Employees Retirement System’s holdings in Rush Enterprises were worth $1,690,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of RUSHA. Ameritas Investment Partners Inc. increased its position in Rush Enterprises by 153.1% in 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 last quarter. Nine Chapters Capital Management LLC acquired a new position in Rush Enterprises during the first quarter worth about $281,000. Dynamic Technology Lab Private Ltd acquired a new position in Rush Enterprises during the first quarter worth about $312,000. Capital Fund Management S.A. acquired a new position in Rush Enterprises during the first quarter worth about $414,000. Finally, UBS Asset Management Americas Inc. increased its position in Rush Enterprises by 110.3% in the first 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 last quarter. Institutional investors own 76.75% of the company’s stock.

Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) opened at 41.705 on Friday. The firm has a market cap of $1.64 billion, a PE ratio of 26.329 and a beta of 1.19. The company has a 50 day moving average of $37.60 and a 200-day moving average of $35.41. Rush Enterprises, Inc. has a 12-month low of $21.99 and a 12-month high of $43.55.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.15. Rush Enterprises had a net margin of 1.46% and a return on equity of 7.37%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.07 billion. Equities research analysts forecast that Rush Enterprises, Inc. will post $1.75 EPS for the current fiscal year.

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A number of research firms have recently issued reports on RUSHA. BidaskClub upgraded shares of Rush Enterprises from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Zacks Investment Research downgraded shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th. BMO Capital Markets restated a “hold” rating and issued a $30.00 price target on shares of Rush Enterprises in a research report on Friday, July 7th. Stifel Nicolaus raised their price target on shares of Rush Enterprises from $32.00 to $35.00 and gave the stock a “hold” rating in a research report on Wednesday, April 26th. Finally, TheStreet upgraded shares of Rush Enterprises from a “c+” rating to a “b-” rating in a research report on Tuesday, April 25th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Rush Enterprises presently has a consensus rating of “Buy” and an average price target of $42.25.

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

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