Rush Enterprises Inc. (NASDAQ:RUSHA) shares saw unusually-strong trading volume on Thursday . Approximately 166,128 shares changed hands during trading, a decline of 4% from the previous session’s volume of 172,654 shares.The stock last traded at $20.90 and had previously closed at $20.83.

A number of equities analysts have recently commented on the company. Zacks Investment Research downgraded Rush Enterprises from a “hold” rating to a “sell” rating in a report on Monday, May 30th. Bank of America Corp. upgraded Rush Enterprises from a “neutral” rating to a “buy” rating in a report on Tuesday, May 10th. Finally, Longbow Research downgraded Rush Enterprises from a “buy” rating to a “neutral” rating in a report on Wednesday, June 1st. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $22.00.

The company has a market cap of $866.53 million and a price-to-earnings ratio of 16.93. The company’s 50 day moving average is $21.54 and its 200 day moving average is $19.27.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings results on Wednesday, April 20th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by $0.12. Analysts predict that Rush Enterprises Inc. will post $1.04 earnings per share for the current year.

Several hedge funds and institutional investors have modified their holdings of RUSHA. Dimensional Fund Advisors LP increased its position in shares of Rush Enterprises by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,573,485 shares of the company’s stock worth $56,334,000 after buying an additional 8,000 shares in the last quarter. Bank of Montreal Can increased its position in shares of Rush Enterprises by 11.0% in the fourth quarter. Bank of Montreal Can now owns 91,264 shares of the company’s stock worth $1,998,000 after buying an additional 9,047 shares in the last quarter. Cooke & Bieler LP acquired a new position in shares of Rush Enterprises during the fourth quarter worth $2,755,000. New York State Common Retirement Fund increased its position in shares of Rush Enterprises by 2.6% in the fourth quarter. New York State Common Retirement Fund now owns 63,213 shares of the company’s stock worth $1,384,000 after buying an additional 1,600 shares in the last quarter. Finally, Oxford Asset Management increased its position in shares of Rush Enterprises by 493.3% in the fourth quarter. Oxford Asset Management now owns 142,321 shares of the company’s stock worth $3,132,000 after buying an additional 118,333 shares in the last quarter.

Rush Enterprises, Inc (Rush) is a retailer of commercial vehicles and related services. The Company operates a network of commercial vehicle dealerships under the name Rush Truck Centers. Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, among others.

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