Strs Ohio lessened its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHB) by 10.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,200 shares of the company’s stock after selling 1,700 shares during the quarter. Strs Ohio’s holdings in Rush Enterprises were worth $684,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of RUSHB. Vanguard Group Inc. boosted its holdings in shares of Rush Enterprises by 6.2% in the 2nd quarter. Vanguard Group Inc. now owns 325,265 shares of the company’s stock valued at $11,843,000 after purchasing an additional 18,915 shares in the last quarter. State Street Corp boosted its holdings in shares of Rush Enterprises by 16.7% in the 2nd quarter. State Street Corp now owns 97,071 shares of the company’s stock valued at $3,537,000 after purchasing an additional 13,885 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Rush Enterprises by 111.4% in the 3rd quarter. Allianz Asset Management GmbH now owns 24,996 shares of the company’s stock valued at $1,091,000 after purchasing an additional 13,170 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted its holdings in shares of Rush Enterprises by 106.7% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 18,210 shares of the company’s stock valued at $662,000 after purchasing an additional 9,400 shares in the last quarter. Finally, Swiss National Bank acquired a new stake in shares of Rush Enterprises in the 2nd quarter valued at $277,000. 11.70% of the stock is currently owned by hedge funds and other institutional investors.

Separately, ValuEngine raised Rush Enterprises from a “hold” rating to a “buy” rating in a report on Friday, February 2nd.

Rush Enterprises, Inc. (NASDAQ RUSHB) opened at $44.24 on Friday. Rush Enterprises, Inc. has a 12 month low of $28.99 and a 12 month high of $52.76. The company has a market capitalization of $1,776.60, a price-to-earnings ratio of 22.92 and a beta of 0.89. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.55.

Rush Enterprises declared that its Board of Directors has approved a share buyback plan on Thursday, November 30th that permits the company to repurchase $40.00 million in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

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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:RUSHB)

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