Rush Enterprises Inc. (NASDAQ:RUSHA) shares saw strong trading volume on Thursday . 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.

RUSHA has been the subject of several research analyst reports. Zacks Investment Research raised shares of Rush Enterprises from a “sell” rating to a “hold” rating in a report on Thursday, June 9th. Longbow Research downgraded shares of Rush Enterprises from a “buy” rating to a “neutral” rating in a report on Wednesday, June 1st. Finally, Bank of America Corp. reaffirmed a “buy” rating on shares of Rush Enterprises in a report on Tuesday, May 24th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $22.00.

The firm has a market capitalization of $903.87 million and a P/E ratio of 17.66. The firm’s 50 day moving average price is $21.60 and its 200 day moving average price is $19.28.

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

Several hedge funds and institutional investors have recently modified their holdings of the stock. New York State Common Retirement Fund raised 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 during the last quarter. California State Teachers Retirement System raised its position in Rush Enterprises by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 65,554 shares of the company’s stock valued at $1,435,000 after buying an additional 1,100 shares in the last quarter. Russell Frank Co raised its position in Rush Enterprises by 13.6% in the fourth quarter. Russell Frank Co now owns 69,110 shares of the company’s stock valued at $1,524,000 after buying an additional 8,288 shares in the last quarter. Bank of Montreal Can raised its position in Rush Enterprises by 11.0% in the fourth quarter. Bank of Montreal Can now owns 91,264 shares of the company’s stock valued at $1,998,000 after buying an additional 9,047 shares in the last quarter. Finally, Cooke & Bieler LP bought a new position in Rush Enterprises during the fourth quarter valued at about $2,755,000.

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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