EULAV Asset Management Buys 52,700 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

EULAV Asset Management lifted its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 44.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 170,900 shares of the company’s stock after acquiring an additional 52,700 shares during the period. EULAV Asset Management owned approximately 0.22% of Rush Enterprises worth $9,364,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its stake 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 during the last quarter. GAMMA Investing LLC increased its holdings in shares of Rush Enterprises by 147.5% in the third 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 stake in shares of Rush Enterprises in the 3rd quarter valued at about $58,000. Wilmington Savings Fund Society FSB purchased a new stake in Rush Enterprises during the 3rd quarter valued at about $64,000. Finally, Farther Finance Advisors LLC increased its stake in Rush Enterprises by 73.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,479 shares of the company’s stock worth $78,000 after purchasing an additional 628 shares during the period. 84.43% of the stock is currently owned by hedge funds and other institutional investors.

Rush Enterprises Stock Up 1.5 %

NASDAQ RUSHA opened at $61.55 on Friday. Rush Enterprises, Inc. has a 1 year low of $40.99 and a 1 year high of $65.15. The stock has a market capitalization of $4.86 billion, a PE ratio of 16.33, a PEG ratio of 2.41 and a beta of 1.02. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.28. The business’s 50-day moving average is $58.52 and its 200 day moving average is $55.36.

Wall Street Analyst Weigh In

Separately, Stephens increased their price objective on 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 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.