Peregrine Capital Management LLC Cuts Stake in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Peregrine Capital Management LLC reduced its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 3.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 120,996 shares of the company’s stock after selling 4,436 shares during the quarter. Peregrine Capital Management LLC’s holdings in Rush Enterprises were worth $6,629,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. FMR LLC increased its position in shares of Rush Enterprises by 34.8% during the third quarter. FMR LLC now owns 5,174,262 shares of the company’s stock valued at $273,356,000 after acquiring an additional 1,336,528 shares in the last quarter. Jennison Associates LLC boosted its stake in Rush Enterprises by 1,398.4% during the 4th quarter. Jennison Associates LLC now owns 509,380 shares of the company’s stock valued at $27,909,000 after purchasing an additional 475,384 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Rush Enterprises by 148.1% in the 3rd quarter. Janus Henderson Group PLC now owns 308,204 shares of the company’s stock worth $16,282,000 after purchasing an additional 183,965 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of Rush Enterprises by 13.2% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,186,393 shares of the company’s stock worth $62,677,000 after purchasing an additional 138,488 shares during the last quarter. Finally, Algert Global LLC lifted its holdings in shares of Rush Enterprises by 284.0% during the third quarter. Algert Global LLC now owns 159,610 shares of the company’s stock valued at $8,432,000 after purchasing an additional 118,041 shares in the last quarter. 84.43% of the stock is owned by hedge funds and other institutional investors.

Rush Enterprises Stock Up 1.2 %

Shares of Rush Enterprises stock opened at $61.17 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 1.40 and a debt-to-equity ratio of 0.23. Rush Enterprises, Inc. has a twelve month low of $40.99 and a twelve month high of $65.15. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 2.41 and a beta of 1.02. The company’s 50 day moving average is $58.29 and its 200 day moving average is $55.92.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.09. Rush Enterprises had a return on equity of 15.43% and a net margin of 3.93%. Research analysts anticipate that Rush Enterprises, Inc. will post 3.66 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Stephens boosted their target price on Rush Enterprises from $66.00 to $69.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st.

Rush Enterprises Profile

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, Blue Bird, and Dennis Eagle.