EULAV Asset Management Boosts Stake in Rush Enterprises, Inc. (NASDAQ:RUSHA)

EULAV Asset Management lifted its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 44.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 170,900 shares of the company’s stock after acquiring an additional 52,700 shares during the period. EULAV Asset Management’s holdings in Rush Enterprises were worth $9,364,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in Rush Enterprises by 266.1% in the third quarter. Blue Trust Inc. now owns 703 shares of the company’s stock worth $37,000 after purchasing an additional 511 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Rush Enterprises by 147.5% in the 3rd quarter. GAMMA Investing LLC now owns 787 shares of the company’s stock worth $42,000 after buying an additional 469 shares during the period. Costello Asset Management INC bought a new position in shares of Rush Enterprises in the 3rd quarter worth about $58,000. Wilmington Savings Fund Society FSB purchased a new position in Rush Enterprises during the 3rd quarter valued at about $64,000. Finally, Farther Finance Advisors LLC boosted its stake in Rush Enterprises by 73.8% during the third quarter. Farther Finance Advisors LLC now owns 1,479 shares of the company’s stock worth $78,000 after acquiring an additional 628 shares in the last quarter. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Analysts Set New Price Targets

Separately, Stephens raised their target price on shares of Rush Enterprises from $66.00 to $69.00 and gave the company an “overweight” rating in a research note on Friday, November 1st.

Rush Enterprises Trading Up 1.5 %

Rush Enterprises stock opened at $61.55 on Friday. Rush Enterprises, Inc. has a 12 month low of $40.99 and a 12 month high of $65.15. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 16.33, a price-to-earnings-growth ratio of 2.41 and a beta of 1.02. The business’s fifty day simple moving average is $58.52 and its two-hundred day simple moving average is $55.36. The company has a current ratio of 1.40, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23.

Rush Enterprises Company Profile

Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States and Canada. 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, IC Bus, Blue Bird, and Dennis Eagle.