Cooke & Bieler LP Has $12,242,000 Stake in Rush Enterprises Inc. (RUSHA)
Cooke & Bieler LP increased its position in Rush Enterprises Inc. (NASDAQ:RUSHA) by 6.3% during the second quarter, Holdings Channel reports. The fund owned 568,073 shares of the company’s stock after buying an additional 33,599 shares during the period. Cooke & Bieler LP’s holdings in Rush Enterprises were worth $12,242,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of RUSHA. Bank of Montreal Can purchased a new position in shares of Rush Enterprises during the second quarter worth approximately $2,031,000. Prudential Financial Inc. purchased a new position in shares of Rush Enterprises during the first quarter worth approximately $944,000. BlackRock Institutional Trust Company N.A. increased its position in shares of Rush Enterprises by 2.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 872,941 shares of the company’s stock worth $15,922,000 after buying an additional 21,532 shares during the period. Pacific Global Investment Management CO increased its position in shares of Rush Enterprises by 2.5% in the first quarter. Pacific Global Investment Management CO now owns 259,470 shares of the company’s stock worth $4,733,000 after buying an additional 6,260 shares during the period. Finally, Zebra Capital Management LLC increased its position in shares of Rush Enterprises by 6.4% in the first quarter. Zebra Capital Management LLC now owns 39,834 shares of the company’s stock worth $727,000 after buying an additional 2,381 shares during the period. Institutional investors and hedge funds own 78.52% of the company’s stock.
Shares of Rush Enterprises Inc. (NASDAQ:RUSHA) traded up 0.95% during mid-day trading on Tuesday, reaching $22.36. 35,440 shares of the company’s stock traded hands. Rush Enterprises Inc. has a 12-month low of $14.19 and a 12-month high of $26.57. The firm has a 50-day moving average of $23.67 and a 200 day moving average of $21.69. The company has a market cap of $886.82 million, a P/E ratio of 21.48 and a beta of 1.53.
Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.27 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.27. Rush Enterprises had a net margin of 0.94% and a return on equity of 6.16%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.10 billion. Equities analysts forecast that Rush Enterprises Inc. will post $1.05 EPS for the current year.
A number of brokerages have recently commented on RUSHA. Zacks Investment Research raised shares of Rush Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th. BMO Capital Markets lifted their price objective on shares of Rush Enterprises from $20.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, August 1st. Stifel Nicolaus began coverage on shares of Rush Enterprises in a research report on Monday, October 10th. They issued a “hold” rating and a $22.00 price objective for the company. Finally, Stephens downgraded shares of Rush Enterprises from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 15th. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Rush Enterprises currently has a consensus rating of “Hold” and an average price target of $20.25.
About Rush Enterprises
Rush Enterprises, Inc is a 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. The Company, through its Rush Truck Centers, 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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