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

Vaughan Nelson Investment Management L.P. raised its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,222,719 shares of the company’s stock after buying an additional 36,326 shares during the period. Vaughan Nelson Investment Management L.P. owned about 1.55% of Rush Enterprises worth $66,993,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Dean Investment Associates LLC acquired a new position in Rush Enterprises in the third quarter valued at $1,986,000. Intech Investment Management LLC purchased a new stake in shares of Rush Enterprises in the 3rd quarter valued at about $1,523,000. Tensile Capital Management LP acquired a new stake in shares of Rush Enterprises in the 3rd quarter valued at about $1,815,000. Costello Asset Management INC grew its stake in Rush Enterprises by 3,793.9% during the 4th quarter. Costello Asset Management INC now owns 42,833 shares of the company’s stock worth $2,347,000 after buying an additional 41,733 shares during the last quarter. Finally, Forager Capital Management LLC increased its position in Rush Enterprises by 11.2% during the third quarter. Forager Capital Management LLC now owns 448,089 shares of the company’s stock worth $23,673,000 after buying an additional 45,000 shares during the period. 84.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Stephens boosted their price target on Rush Enterprises from $66.00 to $69.00 and gave the company an “overweight” rating in a research report on Friday, November 1st.

Rush Enterprises Trading Up 1.5 %

NASDAQ RUSHA opened at $61.55 on Friday. Rush Enterprises, Inc. has a 52-week low of $40.99 and a 52-week high of $65.15. The firm has a 50-day moving average price of $58.52 and a 200 day moving average price of $55.42. The stock has a market capitalization 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. The company has a quick ratio of 0.28, a current ratio of 1.40 and a debt-to-equity ratio of 0.23.

Rush Enterprises 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.