Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Bought by Legal & General Group Plc
Legal & General Group Plc raised its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 150.3% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,800 shares of the company’s stock after buying an additional 25,700 shares during the period. Legal & General Group Plc owned about 0.11% of Rush Enterprises worth $1,414,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Ameritas Investment Partners Inc. boosted its position in shares of 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. Envestnet Asset Management Inc. boosted its position in shares of Rush Enterprises by 2.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,527 shares of the company’s stock worth $177,000 after buying an additional 115 shares during the last quarter. Nine Chapters Capital Management LLC acquired a new position in shares of Rush Enterprises during the first quarter worth about $281,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Rush Enterprises during the first quarter worth about $312,000. Finally, Capital Fund Management S.A. acquired a new position in shares of Rush Enterprises during the first quarter worth about $414,000. Institutional investors own 76.37% of the company’s stock.
Shares of Rush Enterprises, Inc. (RUSHA) traded down 0.18% during midday trading on Friday, hitting $39.41. 117,422 shares of the stock were exchanged. The stock’s 50-day moving average price is $39.23 and its 200 day moving average price is $36.06. The stock has a market cap of $1.57 billion, a P/E ratio of 24.88 and a beta of 1.19. Rush Enterprises, Inc. has a one year low of $21.99 and a one year high of $43.55.
Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates 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. On average, analysts anticipate that Rush Enterprises, Inc. will post $1.80 earnings per share for the current year.
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A number of equities analysts have issued reports on the stock. 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 report on Thursday, April 27th. BMO Capital Markets reiterated a “hold” rating and set a $30.00 price target on shares of Rush Enterprises in a report on Friday, July 7th. Stifel Nicolaus lifted their price target on shares of Rush Enterprises from $32.00 to $35.00 and gave the stock a “hold” rating in a report on Wednesday, April 26th. Finally, TheStreet upgraded shares of Rush Enterprises from a “c+” rating to a “b-” rating in a report on Tuesday, April 25th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Rush Enterprises has an average rating of “Buy” and a consensus target price 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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