Rush Enterprises, Inc. $RUSHA Shares Bought by EULAV Asset Management

EULAV Asset Management grew its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 17.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 276,100 shares of the company’s stock after acquiring an additional 40,378 shares during the period. EULAV Asset Management’s holdings in Rush Enterprises were worth $14,763,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Farther Finance Advisors LLC increased its stake in shares of Rush Enterprises by 250.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 511 shares of the company’s stock valued at $27,000 after purchasing an additional 365 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Rush Enterprises by 427.7% in the second quarter. EverSource Wealth Advisors LLC now owns 781 shares of the company’s stock valued at $40,000 after purchasing an additional 633 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of Rush Enterprises in the second quarter valued at approximately $73,000. Smithfield Trust Co increased its position in shares of Rush Enterprises by 864.5% in the second quarter. Smithfield Trust Co now owns 1,765 shares of the company’s stock valued at $91,000 after buying an additional 1,582 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Rush Enterprises by 8.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,969 shares of the company’s stock worth $159,000 after buying an additional 219 shares during the period. 84.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on RUSHA shares. Stephens dropped their price target on shares of Rush Enterprises from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Rush Enterprises in a research report on Wednesday, October 8th. Zacks Research raised shares of Rush Enterprises from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. Finally, Wall Street Zen raised shares of Rush Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.

Rush Enterprises Price Performance

Rush Enterprises stock opened at $61.47 on Friday. The company has a fifty day simple moving average of $54.14 and a 200-day simple moving average of $54.10. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 1.32 and a beta of 0.92. The company has a quick ratio of 0.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. Rush Enterprises, Inc. has a 52-week low of $45.67 and a 52-week high of $65.43.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.02. Rush Enterprises had a net margin of 3.57% and a return on equity of 12.52%. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.75 billion. On average, equities analysts anticipate that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Wednesday, November 12th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Wednesday, November 12th. Rush Enterprises’s payout ratio is currently 22.55%.

About Rush Enterprises

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.