US Bancorp DE increased its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,036 shares of the company’s stock after buying an additional 164 shares during the period. US Bancorp DE’s holdings in Rush Enterprises were worth $782,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Gamco Investors INC. ET AL raised its position in Rush Enterprises by 0.7% in the first quarter. Gamco Investors INC. ET AL now owns 16,889 shares of the company’s stock valued at $559,000 after buying an additional 110 shares during the last quarter. Teachers Advisors LLC raised its position in Rush Enterprises by 1.2% in the fourth quarter. Teachers Advisors LLC now owns 52,108 shares of the company’s stock valued at $1,662,000 after buying an additional 616 shares during the last quarter. American International Group Inc. raised its position in Rush Enterprises by 7.1% in the first quarter. American International Group Inc. now owns 18,143 shares of the company’s stock valued at $600,000 after buying an additional 1,195 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in Rush Enterprises by 3.1% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 42,085 shares of the company’s stock valued at $1,393,000 after buying an additional 1,275 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in Rush Enterprises by 4.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 38,018 shares of the company’s stock valued at $1,258,000 after buying an additional 1,697 shares during the last quarter. 76.73% of the stock is currently owned by institutional investors.

Rush Enterprises, Inc. (NASDAQ RUSHA) traded up 0.43% on Friday, reaching $39.34. The company had a trading volume of 422,535 shares. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 24.84 and a beta of 1.19. Rush Enterprises, Inc. has a 12 month low of $21.99 and a 12 month high of $43.55. The firm has a 50 day moving average price of $38.67 and a 200-day moving average price of $35.81.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.15. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.07 billion. Rush Enterprises had a return on equity of 7.37% and a net margin of 1.46%. Analysts forecast that Rush Enterprises, Inc. will post $1.80 earnings per share for the current fiscal year.

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Several research analysts recently weighed in on RUSHA shares. Zacks Investment Research raised Rush Enterprises from a “hold” rating to a “strong-buy” rating and set a $41.00 price target on the stock in a research report on Tuesday, June 27th. Stifel Nicolaus reissued a “hold” rating and set a $38.00 price target on shares of Rush Enterprises in a research report on Friday, July 28th. BMO Capital Markets upped their price target on Rush Enterprises from $30.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, August 1st. BidaskClub lowered Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, TheStreet raised Rush Enterprises from a “c+” rating to a “b-” rating in a research report on Tuesday, April 25th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $42.25.

About Rush Enterprises

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.

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

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