Strategic Financial Concepts LLC Takes Position in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Strategic Financial Concepts LLC acquired a new position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) during the fourth quarter, HoldingsChannel reports. The firm acquired 105,132 shares of the company’s stock, valued at approximately $5,760,000.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in Rush Enterprises by 24.4% during the 4th quarter. GAMMA Investing LLC now owns 979 shares of the company’s stock worth $54,000 after acquiring an additional 192 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in Rush Enterprises by 0.7% during the fourth quarter. Louisiana State Employees Retirement System now owns 30,100 shares of the company’s stock worth $1,649,000 after purchasing an additional 200 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Rush Enterprises by 1.1% in the fourth quarter. Harbor Capital Advisors Inc. now owns 32,516 shares of the company’s stock valued at $1,782,000 after purchasing an additional 345 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in Rush Enterprises by 5.0% in the 3rd quarter. Verdence Capital Advisors LLC now owns 7,785 shares of the company’s stock valued at $411,000 after buying an additional 370 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its position in Rush Enterprises by 3.7% during the 3rd quarter. QRG Capital Management Inc. now owns 13,564 shares of the company’s stock worth $717,000 after buying an additional 484 shares in the last quarter. 84.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Stephens lifted their target price 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 1.6 %

Shares of Rush Enterprises stock opened at $60.47 on Monday. The stock has a market cap of $4.78 billion, a P/E ratio of 16.04, 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, Inc. has a 12-month low of $40.99 and a 12-month high of $65.15. The business’s 50 day moving average is $58.30 and its 200-day moving average is $55.82.

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.