KCG Holdings Inc. purchased a new stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 10,052 shares of the company’s stock, valued at approximately $333,000.

Several other hedge funds have also recently added to or reduced their stakes in RUSHA. Vanguard Group Inc. increased its stake in Rush Enterprises by 4.0% in the first quarter. Vanguard Group Inc. now owns 2,709,339 shares of the company’s stock worth $89,625,000 after buying an additional 104,057 shares in the last quarter. FMR LLC increased its stake in Rush Enterprises by 11.6% in the first quarter. FMR LLC now owns 1,666,196 shares of the company’s stock worth $55,119,000 after buying an additional 173,370 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Rush Enterprises by 3.5% in the first quarter. JPMorgan Chase & Co. now owns 680,764 shares of the company’s stock worth $22,521,000 after buying an additional 22,976 shares in the last quarter. State Street Corp increased its stake in Rush Enterprises by 0.5% in the fourth quarter. State Street Corp now owns 603,871 shares of the company’s stock worth $19,265,000 after buying an additional 3,300 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Rush Enterprises by 32.8% in the first quarter. Geode Capital Management LLC now owns 341,393 shares of the company’s stock worth $11,292,000 after buying an additional 84,407 shares in the last quarter. 76.74% of the stock is currently owned by hedge funds and other institutional investors.

Rush Enterprises, Inc. (RUSHA) opened at 36.91 on Friday. Rush Enterprises, Inc. has a 12-month low of $21.35 and a 12-month high of $39.21. The company has a market cap of $1.46 billion, a PE ratio of 28.33 and a beta of 1.16. The company’s 50-day moving average price is $36.79 and its 200-day moving average price is $34.93.

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RUSHA has been the topic of a number of recent research reports. TheStreet raised Rush Enterprises from a “c+” rating to a “b-” rating in a research report on Tuesday, April 25th. BidaskClub raised Rush Enterprises from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Seaport Global Securities initiated coverage on Rush Enterprises in a research report on Thursday, April 6th. They issued a “buy” rating and a $42.00 target price on the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $30.00 target price on shares of Rush Enterprises in a research report on Friday, July 7th. Finally, Zacks Investment Research downgraded Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Rush Enterprises presently has an average rating of “Hold” and an average target price of $37.00.

Rush Enterprises Company Profile

Rush Enterprises, Inc is an integrated 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. Through its Rush Truck Centers, it 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.

Institutional Ownership by Quarter for Rush Enterprises (NASDAQ:RUSHA)

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