Vanguard Group Inc. Buys 18,915 Shares of Rush Enterprises, Inc. (RUSHB)
Vanguard Group Inc. increased its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHB) by 6.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 325,265 shares of the company’s stock after purchasing an additional 18,915 shares during the quarter. Vanguard Group Inc. owned 0.82% of Rush Enterprises worth $11,843,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Schwab Charles Investment Management Inc. lifted its holdings in shares of Rush Enterprises by 0.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 25,814 shares of the company’s stock worth $940,000 after purchasing an additional 171 shares during the period. Gamco Investors INC. ET AL lifted its holdings in shares of Rush Enterprises by 0.5% during the second quarter. Gamco Investors INC. ET AL now owns 616,399 shares of the company’s stock worth $22,443,000 after purchasing an additional 2,800 shares during the period. South Texas Money Management Ltd. acquired a new stake in shares of Rush Enterprises during the second quarter worth $202,000. Prudential Financial Inc. acquired a new stake in shares of Rush Enterprises during the second quarter worth $202,000. Finally, Rhumbline Advisers acquired a new stake in shares of Rush Enterprises during the second quarter worth $215,000. 11.74% of the stock is owned by hedge funds and other institutional investors.
Shares of Rush Enterprises, Inc. (NASDAQ:RUSHB) opened at $47.62 on Wednesday. Rush Enterprises, Inc. has a fifty-two week low of $27.19 and a fifty-two week high of $51.39. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.16 and a quick ratio of 0.29. The company has a market capitalization of $1,855.87, a price-to-earnings ratio of 24.14 and a beta of 0.99.
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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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