Weber Alan W maintained its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,075 shares of the company’s stock at the end of the second quarter. Weber Alan W’s holdings in Rush Enterprises were worth $337,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Rush Enterprises by 4.0% in the first quarter. Vanguard Group Inc. now owns 2,709,339 shares of the company’s stock valued at $89,625,000 after buying an additional 104,057 shares during the period. FMR LLC increased its position in shares of Rush Enterprises by 11.6% in the first quarter. FMR LLC now owns 1,666,196 shares of the company’s stock valued at $55,119,000 after buying an additional 173,370 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Rush Enterprises by 3.5% in the first quarter. JPMorgan Chase & Co. now owns 680,764 shares of the company’s stock valued at $22,521,000 after buying an additional 22,976 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Rush Enterprises by 32.8% in the first quarter. Geode Capital Management LLC now owns 341,393 shares of the company’s stock valued at $11,292,000 after buying an additional 84,407 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Rush Enterprises by 157.0% in the first quarter. Goldman Sachs Group Inc. now owns 287,562 shares of the company’s stock valued at $9,512,000 after buying an additional 175,679 shares during the last quarter. 76.73% of the stock is owned by institutional investors.
Rush Enterprises, Inc. (NASDAQ RUSHA) opened at 39.17 on Friday. The firm has a 50-day moving average of $38.55 and a 200 day moving average of $35.76. Rush Enterprises, Inc. has a one year low of $21.99 and a one year high of $43.55. The company has a market capitalization of $1.54 billion, a P/E ratio of 24.73 and a beta of 1.19.
Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.15. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Rush Enterprises had a net margin of 1.46% and a return on equity of 7.37%. On average, equities analysts forecast that Rush Enterprises, Inc. will post $1.80 EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: This piece was originally posted by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this piece can be read at https://stocknewstimes.com/2017/08/11/weber-alan-w-holds-stake-in-rush-enterprises-inc-nasdaqrusha.html.
Several research analysts have commented on the stock. BidaskClub downgraded shares of Rush Enterprises from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. BMO Capital Markets reissued a “hold” rating and issued a $30.00 price target on shares of Rush Enterprises in a report on Friday, July 7th. Zacks Investment Research downgraded shares of Rush Enterprises from a “buy” rating to a “hold” rating in a report on Thursday, April 27th. TheStreet raised shares of Rush Enterprises from a “c+” rating to a “b-” rating in a report on Tuesday, April 25th. Finally, Stifel Nicolaus raised their price target on shares of Rush Enterprises from $32.00 to $35.00 and gave the company a “hold” rating in a report on Wednesday, April 26th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price 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.
Want to see what other hedge funds are holding RUSHA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rush Enterprises, Inc. (NASDAQ:RUSHA).
Receive News & Ratings for Rush Enterprises Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rush Enterprises Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
