Separately, ValuEngine lowered shares of Rush Enterprises from a hold rating to a sell rating in a research note on Tuesday, October 15th.
Shares of RUSHB stock traded up $0.48 on Friday, hitting $41.42. 8,858 shares of the stock traded hands, compared to its average volume of 8,801. The firm’s 50-day moving average price is $39.71 and its two-hundred day moving average price is $39.35. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.22 and a current ratio of 1.11. The stock has a market capitalization of $1.49 billion, a PE ratio of 9.50 and a beta of 1.11. Rush Enterprises has a twelve month low of $32.35 and a twelve month high of $45.51.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its holdings in Rush Enterprises by 3.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 27,459 shares of the company’s stock valued at $1,014,000 after purchasing an additional 921 shares in the last quarter. Whittier Trust Co. acquired a new stake in shares of Rush Enterprises in the third quarter valued at approximately $44,000. Bank of New York Mellon Corp boosted its holdings in shares of Rush Enterprises by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 29,465 shares of the company’s stock valued at $1,087,000 after acquiring an additional 1,286 shares during the period. Northern Trust Corp boosted its holdings in shares of Rush Enterprises by 3.4% in the second quarter. Northern Trust Corp now owns 51,164 shares of the company’s stock valued at $1,888,000 after acquiring an additional 1,699 shares during the period. Finally, Morgan Stanley boosted its holdings in shares of Rush Enterprises by 207.4% in the second quarter. Morgan Stanley now owns 3,486 shares of the company’s stock valued at $129,000 after acquiring an additional 2,352 shares during the period. 10.23% of the stock is owned by hedge funds and other institutional investors.
About Rush Enterprises
Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States. The company operates a network of commercial vehicle dealerships under the Rush Truck Centers name. Its Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, Mitsubishi Fuso, IC Bus, or Blue Bird; provides new and used commercial vehicles, and aftermarket parts, as well as service and repair, financing, and leasing and rental services; and offers property and casualty insurance, including collision and liability insurance on commercial vehicles, cargo insurance, and credit life insurance to its commercial vehicle customers.
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