Rush Enterprises, Inc. (NASDAQ:RUSHA) Stock Position Decreased by Raymond James & Associates

Raymond James & Associates cut its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHAGet Rating) by 3.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,862 shares of the company’s stock after selling 1,521 shares during the period. Raymond James & Associates’ holdings in Rush Enterprises were worth $1,968,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Wellington Management Group LLP raised its holdings in Rush Enterprises by 13.2% during the 1st quarter. Wellington Management Group LLP now owns 3,091,367 shares of the company’s stock worth $157,381,000 after buying an additional 360,550 shares during the period. FMR LLC increased its position in shares of Rush Enterprises by 11.3% in the second quarter. FMR LLC now owns 3,351,104 shares of the company’s stock worth $161,523,000 after acquiring an additional 339,923 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Rush Enterprises by 9.3% during the first quarter. BlackRock Inc. now owns 3,352,152 shares of the company’s stock valued at $170,659,000 after acquiring an additional 283,822 shares during the period. Principal Financial Group Inc. lifted its position in shares of Rush Enterprises by 22.4% in the 2nd quarter. Principal Financial Group Inc. now owns 1,218,512 shares of the company’s stock valued at $58,732,000 after acquiring an additional 222,595 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Rush Enterprises by 221.2% in the 2nd quarter. Millennium Management LLC now owns 254,404 shares of the company’s stock worth $12,262,000 after purchasing an additional 175,211 shares during the period. 76.83% of the stock is owned by hedge funds and other institutional investors.

Rush Enterprises Trading Down 0.2 %

Shares of NASDAQ RUSHA opened at $50.66 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 0.32 and a debt-to-equity ratio of 0.23. Rush Enterprises, Inc. has a one year low of $42.72 and a one year high of $56.16. The business has a 50-day moving average price of $51.48 and a two-hundred day moving average price of $49.33. The firm has a market capitalization of $2.76 billion, a PE ratio of 8.05, a PEG ratio of 0.66 and a beta of 1.03.

Rush Enterprises (NASDAQ:RUSHAGet Rating) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $1.59 EPS for the quarter. The business had revenue of $1.86 billion during the quarter. Rush Enterprises had a net margin of 5.54% and a return on equity of 21.67%. As a group, analysts predict that Rush Enterprises, Inc. will post 6.41 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Steven L. Keller sold 15,000 shares of the stock in a transaction on Monday, December 5th. The stock was sold at an average price of $54.00, for a total transaction of $810,000.00. Following the completion of the sale, the chief financial officer now directly owns 54,660 shares in the company, valued at $2,951,640. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Rush Enterprises news, SVP Jody Pollard sold 7,500 shares of Rush Enterprises stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $50.27, for a total value of $377,025.00. Following the completion of the sale, the senior vice president now directly owns 1,455 shares in the company, valued at $73,142.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steven L. Keller sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, December 5th. The stock was sold at an average price of $54.00, for a total transaction of $810,000.00. Following the completion of the sale, the chief financial officer now directly owns 54,660 shares of the company’s stock, valued at $2,951,640. The disclosure for this sale can be found here. Insiders own 12.21% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Rush Enterprises in a research note on Wednesday, October 12th. They set a “buy” rating on the stock.

Rush Enterprises Company Profile

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Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States. 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, or Blue Bird.

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Institutional Ownership by Quarter for Rush Enterprises (NASDAQ:RUSHA)

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