Quantbot Technologies LP Buys 1,515 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Quantbot Technologies LP raised its stake in Rush Enterprises, Inc. (NASDAQ:RUSHAFree Report) by 30.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 6,533 shares of the company’s stock after buying an additional 1,515 shares during the period. Quantbot Technologies LP’s holdings in Rush Enterprises were worth $267,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. increased its holdings in shares of Rush Enterprises by 55.9% in the first quarter. Advisor Group Holdings Inc. now owns 3,207 shares of the company’s stock worth $164,000 after acquiring an additional 1,150 shares in the last quarter. Raymond James & Associates increased its holdings in shares of Rush Enterprises by 10.0% in the first quarter. Raymond James & Associates now owns 45,868 shares of the company’s stock worth $2,335,000 after acquiring an additional 4,172 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Rush Enterprises by 9.7% in the first quarter. Bank of New York Mellon Corp now owns 446,215 shares of the company’s stock worth $22,717,000 after acquiring an additional 39,377 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Rush Enterprises by 59.6% in the first quarter. MetLife Investment Management LLC now owns 22,425 shares of the company’s stock worth $1,142,000 after acquiring an additional 8,378 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Rush Enterprises by 9.3% in the first quarter. BlackRock Inc. now owns 3,352,152 shares of the company’s stock worth $170,659,000 after acquiring an additional 283,822 shares in the last quarter. Institutional investors and hedge funds own 77.52% of the company’s stock.

Rush Enterprises Stock Up 1.9 %

NASDAQ:RUSHA opened at $47.44 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.28 and a current ratio of 1.25. The company has a market cap of $3.77 billion, a PE ratio of 10.90, a PEG ratio of 0.99 and a beta of 1.01. Rush Enterprises, Inc. has a 52-week low of $33.37 and a 52-week high of $50.50. The stock has a 50-day simple moving average of $45.13 and a 200 day simple moving average of $42.19.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Rush Enterprises from a “buy” rating to a “hold” rating in a report on Monday, January 1st.

Get Our Latest Stock Analysis on RUSHA

Insider Buying and Selling

In related news, CEO William M. Rusty Rush sold 85,128 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $40.58, for a total transaction of $3,454,494.24. Following the completion of the transaction, the chief executive officer now directly owns 174,154 shares in the company, valued at $7,067,169.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Rush Enterprises news, CEO William M. Rusty Rush sold 1,500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $43.56, for a total value of $65,340,000.00. Following the completion of the transaction, the chief executive officer now directly owns 743,809 shares in the company, valued at $32,400,320.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William M. Rusty Rush sold 85,128 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $40.58, for a total value of $3,454,494.24. Following the completion of the transaction, the chief executive officer now owns 174,154 shares of the company’s stock, valued at $7,067,169.32. The disclosure for this sale can be found here. 17.10% of the stock is owned by corporate insiders.

About Rush Enterprises

(Free Report)

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, and Blue Bird.

Read More

Want to see what other hedge funds are holding RUSHA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rush Enterprises, Inc. (NASDAQ:RUSHAFree Report).

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

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