Public Sector Pension Investment Board Acquires 30,293 Shares of Rush Enterprises, Inc. $RUSHA

Public Sector Pension Investment Board grew its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 14.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 238,940 shares of the company’s stock after purchasing an additional 30,293 shares during the period. Public Sector Pension Investment Board’s holdings in Rush Enterprises were worth $12,776,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Savvy Advisors Inc. boosted its stake in Rush Enterprises by 17.3% in the third quarter. Savvy Advisors Inc. now owns 6,431 shares of the company’s stock valued at $344,000 after buying an additional 948 shares in the last quarter. Johnson Investment Counsel Inc. raised its stake in Rush Enterprises by 0.5% during the third quarter. Johnson Investment Counsel Inc. now owns 59,185 shares of the company’s stock worth $3,165,000 after acquiring an additional 291 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Rush Enterprises by 33.0% in the third quarter. Envestnet Asset Management Inc. now owns 25,321 shares of the company’s stock worth $1,354,000 after acquiring an additional 6,287 shares during the last quarter. Bridges Investment Management Inc. boosted its stake in shares of Rush Enterprises by 6.4% in the 3rd quarter. Bridges Investment Management Inc. now owns 43,899 shares of the company’s stock valued at $2,347,000 after purchasing an additional 2,649 shares in the last quarter. Finally, AlphaQuest LLC grew its holdings in shares of Rush Enterprises by 1.3% during the 3rd quarter. AlphaQuest LLC now owns 24,373 shares of the company’s stock valued at $1,303,000 after purchasing an additional 302 shares during the last quarter. Institutional investors and hedge funds own 84.43% of the company’s stock.

Rush Enterprises Stock Performance

Shares of Rush Enterprises stock opened at $71.54 on Monday. The stock has a market cap of $5.51 billion, a price-to-earnings ratio of 21.23, a P/E/G ratio of 0.88 and a beta of 0.92. Rush Enterprises, Inc. has a twelve month low of $45.67 and a twelve month high of $74.19. The company’s fifty day moving average is $60.93 and its 200 day moving average is $56.09. The company has a quick ratio of 0.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.16.

Analyst Upgrades and Downgrades

RUSHA has been the subject of several research reports. Stephens dropped their price objective on shares of Rush Enterprises from $60.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. Weiss Ratings downgraded shares of Rush Enterprises from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 10th. Wall Street Zen raised Rush Enterprises from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research upgraded Rush Enterprises from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Finally, UBS Group assumed coverage on Rush Enterprises in a research report on Wednesday, January 28th. They issued a “neutral” rating and a $70.00 target price for the company. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $62.50.

Rush Enterprises Profile

Rush Enterprises, Inc, headquartered in New Braunfels, Texas, is a leading distributor of commercial vehicles and related products in the United States. Through its Rush Truck Centers subsidiary, the company sells new and used medium- and heavy-duty trucks, buses and specialty vehicles, while also offering factory-authorized parts, collision repair, maintenance and warranty support across its network of dealerships.

Founded in 1965, Rush Enterprises has grown to encompass more than 150 locations in over 20 states, partnering with major manufacturers including Kenworth, Peterbilt, Freightliner, Volvo and Mack.