Renaissance Technologies LLC Grows Stock Holdings in Rush Enterprises, Inc. $RUSHA

Renaissance Technologies LLC grew its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 145.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 165,100 shares of the company’s stock after acquiring an additional 97,900 shares during the period. Renaissance Technologies LLC’s holdings in Rush Enterprises were worth $10,915,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Root Financial Partners LLC lifted its stake in Rush Enterprises by 75.4% during the 1st quarter. Root Financial Partners LLC now owns 407 shares of the company’s stock worth $27,000 after acquiring an additional 175 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in Rush Enterprises by 495.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 518 shares of the company’s stock valued at $28,000 after acquiring an additional 431 shares in the last quarter. Private Trust Co. NA grew its position in Rush Enterprises by 211.4% in the 4th quarter. Private Trust Co. NA now owns 545 shares of the company’s stock valued at $29,000 after acquiring an additional 370 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in Rush Enterprises during the third quarter worth about $34,000. Finally, Allworth Financial LP increased its stake in Rush Enterprises by 5,790.9% during the third quarter. Allworth Financial LP now owns 648 shares of the company’s stock worth $35,000 after purchasing an additional 637 shares during the period. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Trending Headlines about Rush Enterprises

Here are the key news stories impacting Rush Enterprises this week:

• Positive Sentiment: Rush Enterprises reported quarterly EPS of $0.91, exceeding the $0.86 analyst consensus, while revenue of $1.90 billion also topped the $1.89 billion estimate. The earnings beat helped drive shares to a new one-year high. Rush Enterprises Sets New 1-Year High on Earnings Beat
• Positive Sentiment: Stephens raised its price target from $90 to $95 and maintained an “overweight” rating, implying roughly 19% potential upside from the referenced share price. The upgrade reflects confidence in Rush’s diversified business model and earnings prospects. Stephens Price Target Update
• Positive Sentiment: Analyst coverage and post-earnings reviews highlighted steady results across Rush’s diversified operations and signs of an early recovery in the commercial-vehicle market, supporting continued investor interest. RUSHA Q2 Deep Dive
• Neutral Sentiment: Rush Enterprises plans a 3-for-2 stock split, with additional shares distributed to existing shareholders after the specified record-date market close and trading on a split-adjusted basis afterward. The split does not alter shareholders’ underlying ownership value or the company’s fundamentals, but it could improve share affordability and liquidity. Reports provided different effective dates—August 11 and September 1—so investors should confirm the final schedule with the company or exchange. Rush Enterprises Shares Set to Split

Rush Enterprises Price Performance

RUSHA stock opened at $79.79 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.45 and a quick ratio of 0.37. The firm has a market capitalization of $6.20 billion, a P/E ratio of 24.03, a P/E/G ratio of 1.77 and a beta of 0.89. The business’s 50-day moving average is $72.57 and its two-hundred day moving average is $69.89. Rush Enterprises, Inc. has a 1 year low of $45.67 and a 1 year high of $83.50.

Rush Enterprises’s stock is scheduled to split on the morning of Tuesday, August 11th. The 3-2 split was recently announced. The newly minted shares will be payable to shareholders after the market closes on Monday, August 10th.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. Rush Enterprises had a return on equity of 11.65% and a net margin of 3.67%.The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. Analysts anticipate that Rush Enterprises, Inc. will post 3.75 earnings per share for the current fiscal year.

Rush Enterprises Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Wednesday, September 9th will be paid a $0.14 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $0.56 dividend on an annualized basis and a yield of 0.7%. Rush Enterprises’s payout ratio is currently 22.89%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Wall Street Zen cut shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Sunday, June 14th. Wolfe Research initiated coverage on shares of Rush Enterprises in a report on Monday, April 27th. They issued an “outperform” rating and a $88.00 price objective for the company. Weiss Ratings raised shares of Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 23rd. Zacks Research upgraded shares of Rush Enterprises from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Finally, UBS Group raised their price target on shares of Rush Enterprises from $73.00 to $78.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Rush Enterprises currently has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Rush Enterprises Company Profile

Rush Enterprises, Inc, headquartered in New Braunfels, Texas, is a leading distributor of commercial vehicles and related products in the United States. Through its Rush Truck Centers subsidiary, the company sells new and used medium- and heavy-duty trucks, buses and specialty vehicles, while also offering factory-authorized parts, collision repair, maintenance and warranty support across its network of dealerships.

Founded in 1965, Rush Enterprises has grown to encompass more than 150 locations in over 20 states, partnering with major manufacturers including Kenworth, Peterbilt, Freightliner, Volvo and Mack.