Shell Asset Management Co. Acquires 4,283 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Shell Asset Management Co. increased its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHAFree Report) by 47.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,270 shares of the company’s stock after purchasing an additional 4,283 shares during the quarter. Shell Asset Management Co.’s holdings in Rush Enterprises were worth $542,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in RUSHA. West Tower Group LLC bought a new stake in Rush Enterprises during the second quarter worth $59,000. Gladius Capital Management LP raised its position in Rush Enterprises by 891.2% during the third quarter. Gladius Capital Management LP now owns 1,120 shares of the company’s stock worth $46,000 after acquiring an additional 1,007 shares in the last quarter. Quarry LP raised its position in Rush Enterprises by 543.8% during the first quarter. Quarry LP now owns 1,249 shares of the company’s stock worth $68,000 after acquiring an additional 1,055 shares in the last quarter. Ensign Peak Advisors Inc bought a new stake in Rush Enterprises during the third quarter worth $89,000. Finally, Nisa Investment Advisors LLC raised its position in Rush Enterprises by 50.0% during the third quarter. Nisa Investment Advisors LLC now owns 2,290 shares of the company’s stock worth $94,000 after acquiring an additional 763 shares in the last quarter. Institutional investors and hedge funds own 77.52% of the company’s stock.

Insider Activity

In other news, CEO William M. Rusty Rush sold 85,128 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 174,154 shares of the company’s stock, valued at $7,067,169.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO William M. Rusty Rush sold 1,500,000 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $43.56, for a total transaction of $65,340,000.00. Following the transaction, the chief executive officer now directly owns 743,809 shares of the company’s stock, valued at $32,400,320.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO William M. Rusty Rush sold 85,128 shares of the firm’s 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 transaction, the chief executive officer now directly owns 174,154 shares in the company, valued at $7,067,169.32. The disclosure for this sale can be found here. Insiders own 17.10% of the company’s stock.

Analysts Set New Price Targets

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

Check Out Our Latest Analysis on RUSHA

Rush Enterprises Price Performance

Shares of RUSHA opened at $47.44 on Friday. The firm has a market capitalization of $3.77 billion, a PE ratio of 10.90, a PEG ratio of 1.02 and a beta of 1.01. The company’s 50-day moving average is $45.13 and its 200-day moving average is $42.19. Rush Enterprises, Inc. has a fifty-two week low of $33.37 and a fifty-two week high of $50.50. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.25 and a quick ratio of 0.28.

Rush Enterprises Profile

(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.

See Also

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

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