Motco Buys 2,107 Shares of Rush Enterprises, Inc. $RUSHA

Motco lifted its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 0.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 316,803 shares of the company’s stock after acquiring an additional 2,107 shares during the period. Rush Enterprises makes up about 1.6% of Motco’s investment portfolio, making the stock its 11th largest holding. Motco owned about 0.41% of Rush Enterprises worth $17,152,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased its position in shares of Rush Enterprises by 82.2% during the first quarter. Caitong International Asset Management Co. Ltd now owns 481 shares of the company’s stock worth $26,000 after acquiring an additional 217 shares in the last quarter. AlphaQuest LLC bought a new stake in shares of Rush Enterprises during the first quarter worth $30,000. Smartleaf Asset Management LLC boosted its holdings in Rush Enterprises by 26.7% during the first quarter. Smartleaf Asset Management LLC now owns 1,078 shares of the company’s stock worth $58,000 after purchasing an additional 227 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Rush Enterprises by 29.4% during the first quarter. GAMMA Investing LLC now owns 1,267 shares of the company’s stock worth $68,000 after purchasing an additional 288 shares during the last quarter. Finally, Cerity Partners LLC acquired a new position in Rush Enterprises during the first quarter worth $207,000. Institutional investors own 84.43% of the company’s stock.

Rush Enterprises Stock Performance

Shares of RUSHA opened at $49.96 on Wednesday. The firm has a 50-day moving average of $54.67 and a 200-day moving average of $52.97. Rush Enterprises, Inc. has a one year low of $47.06 and a one year high of $65.43. The company has a market cap of $3.89 billion, a PE ratio of 14.23, a price-to-earnings-growth ratio of 1.44 and a beta of 0.89. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.39 and a quick ratio of 0.32.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings data on Thursday, May 20th. The company reported $0.79 EPS for the quarter. Rush Enterprises had a net margin of 3.73% and a return on equity of 13.29%. The company had revenue of $1.23 billion during the quarter. As a group, equities analysts forecast that Rush Enterprises, Inc. will post 3.91 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on RUSHA. Wall Street Zen cut shares of Rush Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Rush Enterprises in a report on Wednesday, October 8th. Finally, Stephens restated an “overweight” rating on shares of Rush Enterprises in a report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $61.00.

Insider Activity

In other news, SVP Michael L. Goldstone sold 4,500 shares of Rush Enterprises stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $57.25, for a total value of $257,625.00. Following the completion of the transaction, the senior vice president owned 12,510 shares of the company’s stock, valued at $716,197.50. This trade represents a 26.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael Mcroberts sold 6,000 shares of Rush Enterprises stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $54.64, for a total transaction of $327,840.00. Following the completion of the transaction, the director directly owned 15,771 shares of the company’s stock, valued at approximately $861,727.44. This trade represents a 27.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,480 shares of company stock valued at $862,104 in the last quarter. Company insiders own 12.28% of the company’s stock.

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.