Cooke & Bieler LP Has $8.18 Million Position in Rush Enterprises, Inc. (RUSHA)
Cooke & Bieler LP cut its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 33.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 219,915 shares of the company’s stock after selling 109,940 shares during the period. Cooke & Bieler LP owned about 0.56% of Rush Enterprises worth $8,176,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Rush Enterprises during the fourth quarter valued at about $7,766,000. Teachers Advisors LLC raised its stake in Rush Enterprises by 1.2% in the fourth quarter. Teachers Advisors LLC now owns 52,108 shares of the company’s stock valued at $1,662,000 after buying an additional 616 shares during the last quarter. Bank of Montreal Can raised its stake in Rush Enterprises by 6.4% in the first quarter. Bank of Montreal Can now owns 185,418 shares of the company’s stock valued at $6,134,000 after buying an additional 11,174 shares during the last quarter. Nationwide Fund Advisors raised its stake in Rush Enterprises by 36.8% in the first quarter. Nationwide Fund Advisors now owns 53,715 shares of the company’s stock valued at $1,777,000 after buying an additional 14,451 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Rush Enterprises by 226.7% in the first quarter. Russell Investments Group Ltd. now owns 135,404 shares of the company’s stock valued at $4,478,000 after buying an additional 93,956 shares during the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.
Rush Enterprises, Inc. (RUSHA) opened at 39.41 on Monday. The company has a 50-day moving average of $39.23 and a 200 day moving average of $36.06. Rush Enterprises, Inc. has a one year low of $21.99 and a one year high of $43.55. The company has a market cap of $1.57 billion, a P/E 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%. Equities research analysts predict that Rush Enterprises, Inc. will post $1.80 EPS for the current year.
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RUSHA has been the subject of several analyst reports. Stifel Nicolaus lifted their price objective on shares of Rush Enterprises from $32.00 to $35.00 and gave the company a “hold” rating in a research note on Wednesday, April 26th. Zacks Investment Research lowered shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Thursday, April 27th. TheStreet raised shares of Rush Enterprises from a “c+” rating to a “b-” rating in a research note on Tuesday, April 25th. BidaskClub lowered shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, June 16th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Rush Enterprises in a research note on Friday, July 7th. 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. The stock presently 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.
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