Rush Enterprises Inc. (NASDAQ:RUSHA)’s share price dropped 4.1% on Friday . The company traded as low as $21.79 and last traded at $22.14, with a volume of 146,261 shares traded. The stock had previously closed at $23.09.

RUSHA has been the subject of a number of recent analyst reports. Bank of America Corp. reaffirmed a “buy” rating on shares of Rush Enterprises in a research note on Tuesday, May 24th. Zacks Investment Research raised Rush Enterprises from a “sell” rating to a “hold” rating in a research note on Thursday, June 9th. Longbow Research lowered Rush Enterprises from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 1st. Finally, Stephens lowered Rush Enterprises from an “overweight” rating to an “equal weight” rating in a research note on Friday. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $22.00.

The company has a market capitalization of $900.22 million and a price-to-earnings ratio of 17.59. The stock’s 50 day moving average is $21.88 and its 200-day moving average is $19.34.

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

Several institutional investors recently modified their holdings of the stock. Magnolia Group LLC bought a new position in shares of Rush Enterprises during the fourth quarter valued at about $10,975,000. Dimensional Fund Advisors LP raised 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 valued at $56,334,000 after buying an additional 8,000 shares in the last quarter. Bank of Montreal Can raised 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 valued at $1,998,000 after buying an additional 9,047 shares in the last quarter. 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 valued at $1,384,000 after buying an additional 1,600 shares in the last quarter. Finally, California State Teachers Retirement System raised its position in shares of 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.

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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