Epoch Investment Partners Inc. Sells 20,785 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Epoch Investment Partners Inc. cut its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 7.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 251,267 shares of the company’s stock after selling 20,785 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Rush Enterprises were worth $13,448,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in Rush Enterprises by 352.2% in the 1st quarter. GAMMA Investing LLC now owns 520 shares of the company’s stock valued at $28,000 after buying an additional 405 shares during the last quarter. Hexagon Capital Partners LLC grew its stake in Rush Enterprises by 70.3% in the 1st quarter. Hexagon Capital Partners LLC now owns 695 shares of the company’s stock valued at $37,000 after buying an additional 287 shares during the last quarter. Neo Ivy Capital Management acquired a new position in Rush Enterprises in the 4th quarter valued at about $43,000. Future Financial Wealth Managment LLC acquired a new position in Rush Enterprises in the 1st quarter valued at about $54,000. Finally, Clear Street Markets LLC acquired a new position in Rush Enterprises in the 4th quarter valued at about $100,000. 84.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Stephens started coverage on shares of Rush Enterprises in a research note on Monday, July 8th. They issued an “overweight” rating on the stock.

Rush Enterprises Stock Performance

Shares of NASDAQ:RUSHA opened at $49.50 on Monday. The company’s 50 day moving average price is $44.18 and its two-hundred day moving average price is $46.38. Rush Enterprises, Inc. has a 12-month low of $34.68 and a 12-month high of $53.78. The firm has a market cap of $3.89 billion, a PE ratio of 12.51, a PEG ratio of 2.25 and a beta of 1.02. The company has a quick ratio of 0.28, a current ratio of 1.43 and a debt-to-equity ratio of 0.32.

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.