Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Purchased by Legato Capital Management LLC

Legato Capital Management LLC raised its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 46.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,495 shares of the company’s stock after purchasing an additional 6,771 shares during the quarter. Legato Capital Management LLC’s holdings in Rush Enterprises were worth $1,178,000 at the end of the most recent quarter.

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

Rush Enterprises Stock Down 1.3 %

Shares of NASDAQ RUSHA opened at $58.90 on Thursday. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 2.41 and a beta of 1.02. Rush Enterprises, Inc. has a 1 year low of $40.99 and a 1 year high of $65.15. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.40. The stock’s 50-day simple moving average is $58.37 and its 200-day simple moving average is $55.65.

Analyst Ratings Changes

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

About Rush Enterprises

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.