Arrowstreet Capital Limited Partnership decreased its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 1.2% during the 4th quarter, HoldingsChannel reports. The firm owned 327,030 shares of the company’s stock after selling 3,834 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Rush Enterprises were worth $16,616,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Great West Life Assurance Co. Can raised its holdings in Rush Enterprises by 70.7% during the third quarter. Great West Life Assurance Co. Can now owns 3,362 shares of the company’s stock worth $157,000 after purchasing an additional 1,393 shares in the last quarter. Sei Investments Co. bought a new stake in Rush Enterprises during the third quarter worth approximately $182,000. Ameritas Investment Partners Inc. raised its holdings in Rush Enterprises by 8.3% during the second quarter. Ameritas Investment Partners Inc. now owns 4,112 shares of the company’s stock worth $152,000 after purchasing an additional 316 shares in the last quarter. Trexquant Investment LP bought a new stake in Rush Enterprises during the third quarter worth approximately $204,000. Finally, Wrapmanager Inc. bought a new stake in Rush Enterprises during the third quarter worth approximately $216,000. 77.02% of the stock is currently owned by hedge funds and other institutional investors.
Rush Enterprises, Inc. (RUSHA) opened at $42.36 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.16 and a quick ratio of 0.29. The stock has a market cap of $1,690.00, a P/E ratio of 6.89, a price-to-earnings-growth ratio of 1.00 and a beta of 1.09. Rush Enterprises, Inc. has a 12-month low of $30.74 and a 12-month high of $55.40.
Several equities research analysts recently commented on the company. Stephens raised Rush Enterprises from an “equal weight” rating to an “overweight” rating in a report on Friday, February 9th. Zacks Investment Research raised Rush Enterprises from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Wednesday, February 7th. ValuEngine raised Rush Enterprises from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Stifel Nicolaus reissued a “hold” rating and set a $51.00 target price on shares of Rush Enterprises in a report on Tuesday, January 23rd. Finally, Seaport Global Securities restated a “buy” rating and issued a $62.00 price target on shares of Rush Enterprises in a research report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Rush Enterprises has an average rating of “Hold” and an average target price of $49.20.
In other Rush Enterprises news, SVP Scott T. Anderson sold 12,144 shares of Rush Enterprises stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $50.76, for a total value of $616,429.44. Following the transaction, the senior vice president now owns 3,600 shares in the company, valued at $182,736. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 11.19% of the company’s stock.
Rush Enterprises 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.
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:RUSHA).
Receive News & Ratings for Rush Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rush Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.