California Public Employees Retirement System lessened its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 26.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,400 shares of the company’s stock after selling 13,700 shares during the quarter. California Public Employees Retirement System owned approximately 0.09% of Rush Enterprises worth $1,391,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Rush Enterprises by 8.5% during the 2nd quarter. Vanguard Group Inc. now owns 2,939,802 shares of the company’s stock worth $109,302,000 after buying an additional 230,463 shares during the period. Northern Trust Corp lifted its position in shares of Rush Enterprises by 7.5% during the 2nd quarter. Northern Trust Corp now owns 989,043 shares of the company’s stock worth $36,773,000 after buying an additional 69,015 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Rush Enterprises by 17.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 799,150 shares of the company’s stock worth $29,712,000 after buying an additional 118,386 shares during the period. Westfield Capital Management Co. LP lifted its position in shares of Rush Enterprises by 18.3% during the 2nd quarter. Westfield Capital Management Co. LP now owns 722,639 shares of the company’s stock worth $26,868,000 after buying an additional 111,813 shares during the period. Finally, Granite Investment Partners LLC lifted its position in shares of Rush Enterprises by 9.4% during the 2nd quarter. Granite Investment Partners LLC now owns 370,543 shares of the company’s stock worth $13,777,000 after buying an additional 31,728 shares during the period. 75.52% of the stock is currently owned by institutional investors.

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Several equities analysts recently commented on RUSHA shares. BidaskClub downgraded Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Zacks Investment Research upgraded Rush Enterprises from a “hold” rating to a “strong-buy” rating and set a $53.00 target price for the company in a research report on Wednesday, October 18th. Buckingham Research started coverage on Rush Enterprises in a research report on Tuesday, September 5th. They set a “neutral” rating and a $40.00 target price for the company. ValuEngine upgraded Rush Enterprises from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Stifel Nicolaus restated a “hold” rating and set a $38.00 target price on shares of Rush Enterprises in a research report on Friday, July 28th. Five investment 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 company’s stock. Rush Enterprises has a consensus rating of “Hold” and an average target price of $46.00.

In other news, EVP Derrek Weaver sold 26,732 shares of the business’s stock in a transaction on Friday, October 27th. The stock was 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO William M. Rusty Rush sold 10,906 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $51.24, for a total value of $558,823.44. Following the sale, the chief executive officer now owns 96,155 shares of the company’s stock, valued at approximately $4,926,982.20. The disclosure for this sale can be found here. Insiders own 11.19% of the company’s stock.

Rush Enterprises, Inc. (RUSHA) opened at $50.39 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.13 and a quick ratio of 0.28. Rush Enterprises, Inc. has a 52-week low of $25.18 and a 52-week high of $54.11. The stock has a market capitalization of $2,007.35, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 1.62 and a beta of 1.20.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.25. Rush Enterprises had a return on equity of 8.95% and a net margin of 1.74%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. equities research analysts expect that Rush Enterprises, Inc. will post 2.08 earnings per share for the current year.

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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