Cigna Investments Inc. New acquired a new position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,975 shares of the company’s stock, valued at approximately $297,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of RUSHA. AQR Capital Management LLC raised its position in Rush Enterprises by 701.2% in the first quarter. AQR Capital Management LLC now owns 278,442 shares of the company’s stock worth $9,211,000 after buying an additional 243,688 shares in the last quarter. Norges Bank bought a new position in Rush Enterprises during the fourth quarter worth approximately $7,766,000. ACK Asset Management LLC bought a new position in Rush Enterprises during the first quarter worth approximately $6,204,000. Goldman Sachs Group Inc. raised its position in Rush Enterprises by 157.0% in the first quarter. Goldman Sachs Group Inc. now owns 287,562 shares of the company’s stock worth $9,512,000 after buying an additional 175,679 shares in the last quarter. Finally, FMR LLC raised its position in Rush Enterprises by 11.6% in the first quarter. FMR LLC now owns 1,666,196 shares of the company’s stock worth $55,119,000 after buying an additional 173,370 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Rush Enterprises, Inc. (NASDAQ RUSHA) opened at 39.41 on Monday. Rush Enterprises, Inc. has a 52-week low of $21.99 and a 52-week high of $43.55. The firm has a 50-day moving average of $39.23 and a 200 day moving average of $36.06. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 24.88 and a beta of 1.19.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.15. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Rush Enterprises had a net margin of 1.46% and a return on equity of 7.31%. On average, equities research analysts forecast that Rush Enterprises, Inc. will post $1.80 earnings per share for the current year.

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Several research analysts have issued reports on the stock. BidaskClub lowered shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. Zacks Investment Research upgraded shares of Rush Enterprises from a “hold” rating to a “strong-buy” rating and set a $41.00 price target on the stock in a research report on Tuesday, June 27th. TheStreet upgraded shares of Rush Enterprises from a “c+” rating to a “b-” rating in a research report on Tuesday, April 25th. 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 research report on Wednesday, April 26th. Finally, 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. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Rush Enterprises has a consensus rating of “Buy” and a consensus price target of $42.25.

About Rush Enterprises

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.

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

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