Rush Enterprises, Inc. (NASDAQ:RUSHA) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

RUSHA has been the subject of several other research reports. Zacks Investment Research downgraded shares of Rush Enterprises from a “buy” rating to a “hold” rating in a report on Thursday, April 27th. BMO Capital Markets reissued a “hold” rating and set a $30.00 price target on shares of Rush Enterprises in a report on Friday, July 7th. Stifel Nicolaus boosted their price target on shares of Rush Enterprises from $32.00 to $35.00 and gave the company a “hold” rating in a report on Wednesday, April 26th. TheStreet raised shares of Rush Enterprises from a “c+” rating to a “b-” rating in a report on Tuesday, April 25th. Finally, Seaport Global Securities assumed coverage on shares of Rush Enterprises in a report on Thursday, April 6th. They set a “buy” rating and a $42.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Rush Enterprises has an average rating of “Hold” and an average price target of $37.00.

Shares of Rush Enterprises (RUSHA) traded up 1.54% during trading on Wednesday, reaching $37.64. 113,295 shares of the company’s stock were exchanged. The company’s 50-day moving average is $36.70 and its 200 day moving average is $34.90. The stock has a market capitalization of $1.49 billion, a PE ratio of 28.89 and a beta of 1.16. Rush Enterprises has a 52 week low of $21.35 and a 52 week high of $39.21.

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A number of large investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. increased its stake in Rush Enterprises by 153.1% in the first quarter. Ameritas Investment Partners Inc. now owns 3,796 shares of the company’s stock valued at $125,000 after buying an additional 2,296 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Rush Enterprises by 2.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,527 shares of the company’s stock valued at $177,000 after buying an additional 115 shares during the last quarter. Aperio Group LLC bought a new stake in Rush Enterprises during the second quarter valued at $243,000. Tudor Investment Corp Et Al bought a new stake in Rush Enterprises during the fourth quarter valued at $265,000. Finally, Nine Chapters Capital Management LLC bought a new stake in Rush Enterprises during the first quarter valued at $281,000. 76.74% of the stock is owned by institutional investors and hedge funds.

Rush Enterprises Company Profile

Rush Enterprises, Inc is an integrated retailer of commercial vehicles and related services. The Company operates through the Truck Segment, which includes its operation of a regional network of commercial vehicle dealerships under the name Rush Truck Centers. Through its Rush Truck Centers, it offers services, including retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing and rental, and insurance products.

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