New York State Common Retirement Fund lessened its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 25.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 50,130 shares of the company’s stock after selling 17,441 shares during the quarter. New York State Common Retirement Fund owned about 0.13% of Rush Enterprises worth $1,728,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of RUSHA. FNY Investment Advisers LLC increased its holdings in shares of Rush Enterprises by 109.8% in the fourth quarter. FNY Investment Advisers LLC now owns 1,200 shares of the company’s stock valued at $41,000 after purchasing an additional 628 shares during the last quarter. Commonwealth Bank of Australia acquired a new stake in Rush Enterprises during the third quarter worth $204,000. Wedbush Securities Inc. acquired a new stake in Rush Enterprises during the third quarter worth $216,000. Verition Fund Management LLC acquired a new stake in Rush Enterprises during the third quarter worth $216,000. Finally, Wakefield Asset Management LLLP acquired a new stake in Rush Enterprises during the third quarter worth $246,000. 75.50% of the stock is owned by hedge funds and other institutional investors.
RUSHA stock traded down $0.40 during midday trading on Monday, hitting $43.34. 79,600 shares of the company’s stock were exchanged, compared to its average volume of 150,581. The company has a quick ratio of 0.23, a current ratio of 1.13 and a debt-to-equity ratio of 0.46. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 0.74 and a beta of 1.31. Rush Enterprises, Inc. has a 1-year low of $31.53 and a 1-year high of $46.66.
Several research firms have issued reports on RUSHA. BidaskClub cut Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Zacks Investment Research raised Rush Enterprises from a “hold” rating to a “strong-buy” rating and set a $48.00 target price for the company in a research note on Saturday, February 16th. Finally, ValuEngine raised Rush Enterprises from a “sell” rating to a “hold” rating in a research note on Friday, February 15th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $47.75.
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Rush Enterprises Profile
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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