Chicago Equity Partners LLC raised its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 36.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 148,490 shares of the company’s stock after acquiring an additional 39,340 shares during the quarter. Chicago Equity Partners LLC owned approximately 0.37% of Rush Enterprises worth $6,874,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. US Bancorp DE raised its position in shares of Rush Enterprises by 0.8% in the second quarter. US Bancorp DE now owns 21,036 shares of the company’s stock valued at $782,000 after purchasing an additional 164 shares during the period. State Board of Administration of Florida Retirement System raised its position in shares of Rush Enterprises by 0.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 38,182 shares of the company’s stock valued at $1,420,000 after purchasing an additional 164 shares during the period. Legal & General Group Plc raised its position in shares of Rush Enterprises by 0.5% in the second quarter. Legal & General Group Plc now owns 42,999 shares of the company’s stock valued at $1,597,000 after purchasing an additional 199 shares during the period. Ameritas Investment Partners Inc. raised its position in shares of Rush Enterprises by 8.3% in the second quarter. Ameritas Investment Partners Inc. now owns 4,112 shares of the company’s stock valued at $152,000 after purchasing an additional 316 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in shares of Rush Enterprises by 12.7% in the second quarter. PNC Financial Services Group Inc. now owns 6,900 shares of the company’s stock valued at $256,000 after purchasing an additional 780 shares during the period. Hedge funds and other institutional investors own 75.52% of the company’s stock.

Rush Enterprises, Inc. (NASDAQ:RUSHA) opened at $50.39 on Wednesday. Rush Enterprises, Inc. has a 1 year low of $25.18 and a 1 year high of $54.11. The company has a market cap of $2,007.35, a PE ratio of 26.14, a P/E/G ratio of 1.62 and a beta of 1.20. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.28 and a current ratio of 1.13.

Rush Enterprises (NASDAQ:RUSHA) last released its earnings results on Wednesday, October 25th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.47 by $0.25. Rush Enterprises had a net margin of 1.74% and a return on equity of 8.95%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. analysts anticipate that Rush Enterprises, Inc. will post 2.08 EPS for the current year.

Several equities analysts have recently weighed in on RUSHA shares. BidaskClub lowered shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Stifel Nicolaus reissued a “hold” rating and issued a $38.00 price objective on shares of Rush Enterprises in a research report on Friday, July 28th. Zacks Investment Research raised shares of Rush Enterprises from a “hold” rating to a “strong-buy” rating and set a $47.00 price objective on the stock in a research report on Saturday, July 29th. BMO Capital Markets increased their price objective on shares of Rush Enterprises from $30.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, August 1st. Finally, ValuEngine raised shares of Rush Enterprises from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $46.00.

In other news, CEO William M. Rusty Rush sold 10,906 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $51.24, for a total value of $558,823.44. Following the sale, the chief executive officer now directly owns 96,155 shares in the company, valued at approximately $4,926,982.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Derrek Weaver sold 26,732 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $52.13, for a total transaction of $1,393,539.16. Following the completion of the sale, the executive vice president now owns 14,733 shares in the company, valued at $768,031.29. The disclosure for this sale can be found here. 11.19% of the stock is owned by company insiders.

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Rush Enterprises Company 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.

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

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