American Century Companies Inc. increased its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 311.6% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 120,964 shares of the company’s stock after buying an additional 91,576 shares during the quarter. American Century Companies Inc. owned about 0.31% of Rush Enterprises worth $4,497,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Koch Industries Inc. bought a new stake in shares of Rush Enterprises during the 1st quarter valued at about $294,000. Ameriprise Financial Inc. grew its stake in shares of Rush Enterprises by 3.6% during the 1st quarter. Ameriprise Financial Inc. now owns 51,292 shares of the company’s stock valued at $1,697,000 after purchasing an additional 1,798 shares during the period. TIAA CREF Investment Management LLC grew its stake in shares of Rush Enterprises by 51.6% during the 1st quarter. TIAA CREF Investment Management LLC now owns 187,952 shares of the company’s stock valued at $6,217,000 after purchasing an additional 63,940 shares during the period. Suntrust Banks Inc. grew its stake in shares of Rush Enterprises by 33.6% during the 1st quarter. Suntrust Banks Inc. now owns 18,617 shares of the company’s stock valued at $615,000 after purchasing an additional 4,687 shares during the period. Finally, US Bancorp DE grew its stake in shares of Rush Enterprises by 5.3% during the 1st quarter. US Bancorp DE now owns 20,872 shares of the company’s stock valued at $690,000 after purchasing an additional 1,043 shares during the period. Institutional investors own 75.45% of the company’s stock.
RUSHA has been the subject of a number of recent research reports. BidaskClub downgraded Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, June 16th. Zacks Investment Research upgraded Rush Enterprises from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a research note on Tuesday, June 27th. BMO Capital Markets reiterated a “hold” rating and set a $30.00 price objective on shares of Rush Enterprises in a research note on Friday, July 7th. Stifel Nicolaus reissued a “hold” rating and issued a $38.00 price target on shares of Rush Enterprises in a report on Friday, July 28th. Finally, ValuEngine raised Rush Enterprises from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $41.80.
Rush Enterprises, Inc. (NASDAQ:RUSHA) opened at 41.05 on Monday. The company has a 50-day moving average price of $40.25 and a 200-day moving average price of $36.79. The stock has a market capitalization of $1.63 billion, a PE ratio of 25.92 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.
Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.39 by $0.15. Rush Enterprises had a return on equity of 7.31% and a net margin of 1.46%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.07 billion. Analysts expect that Rush Enterprises, Inc. will post $1.79 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This article was reported by Markets Daily and is the sole property of of Markets Daily. If you are accessing this article on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark laws. The original version of this article can be read at https://www.themarketsdaily.com/2017/09/11/rush-enterprises-inc-rusha-shares-bought-by-american-century-companies-inc.html.
Rush Enterprises Profile
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.