Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Acquired by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. increased its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,222,719 shares of the company’s stock after purchasing an additional 36,326 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Rush Enterprises were worth $66,993,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. raised its position in shares of Rush Enterprises by 266.1% during the 3rd 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 position in Rush Enterprises by 147.5% during the third quarter. GAMMA Investing LLC now owns 787 shares of the company’s stock worth $42,000 after buying an additional 469 shares in the last quarter. Costello Asset Management INC acquired a new position in shares of Rush Enterprises in the third quarter worth $58,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Rush Enterprises during the third quarter valued at $64,000. Finally, Farther Finance Advisors LLC increased its position in Rush Enterprises by 73.8% during 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 in the last quarter. 84.43% of the stock is currently owned by hedge funds and other institutional investors.

Rush Enterprises Trading Up 1.5 %

NASDAQ RUSHA opened at $61.55 on Friday. The company has a 50-day moving average of $58.52 and a 200-day moving average of $55.42. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.28. Rush Enterprises, Inc. has a 12 month low of $40.99 and a 12 month high of $65.15. The company has a market cap of $4.86 billion, a P/E ratio of 16.33, a P/E/G ratio of 2.41 and a beta of 1.02.

Wall Street Analysts Forecast Growth

Separately, Stephens raised 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.