Sawgrass Asset Management LLC purchased a new stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 20,850 shares of the company’s stock, valued at approximately $965,000. Sawgrass Asset Management LLC owned about 0.05% of Rush Enterprises at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System raised its holdings 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 buying an additional 164 shares during the last quarter. US Bancorp DE raised its holdings 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 buying an additional 164 shares during the last quarter. Legal & General Group Plc raised its holdings 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 buying an additional 199 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings 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 buying an additional 316 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings 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 buying an additional 780 shares during the last quarter. 74.36% of the stock is owned by hedge funds and other institutional investors.

Rush Enterprises, Inc. (NASDAQ RUSHA) opened at $49.34 on Friday. The stock has a market cap of $1,982.94, a PE ratio of 25.79, a P/E/G ratio of 1.60 and a beta of 1.20. Rush Enterprises, Inc. has a 1-year low of $28.73 and a 1-year high of $54.11. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.55.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.25. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Rush Enterprises had a net margin of 1.74% and a return on equity of 8.82%. analysts predict that Rush Enterprises, Inc. will post 2.08 EPS for the current fiscal year.

In other Rush Enterprises news, SVP James E. Thor sold 24,200 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $48.70, for a total transaction of $1,178,540.00. Following the transaction, the senior vice president now directly owns 39,032 shares in the company, valued at $1,900,858.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO William M. Rusty Rush sold 10,906 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $51.24, for a total transaction of $558,823.44. Following the transaction, the chief executive officer now owns 96,155 shares in the company, valued at $4,926,982.20. The disclosure for this sale can be found here. Insiders have sold 61,838 shares of company stock worth $3,130,903 over the last 90 days. 11.19% of the stock is currently owned by company insiders.

RUSHA has been the subject of several analyst reports. Zacks Investment Research raised shares of Rush Enterprises from a “hold” rating to a “strong-buy” rating and set a $53.00 price target for the company in a report on Wednesday, October 18th. Stifel Nicolaus increased their price target on shares of Rush Enterprises from $41.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, October 30th. BMO Capital Markets reissued a “market perform” rating and set a $50.00 price target (up from $42.00) on shares of Rush Enterprises in a report on Monday, October 30th. They noted that the move was a valuation call. ValuEngine raised shares of Rush Enterprises from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Buckingham Research initiated coverage on shares of Rush Enterprises in a report on Tuesday, September 5th. They set a “neutral” rating and a $40.00 price target for the company. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Rush Enterprises has a consensus rating of “Hold” and a consensus target price of $46.00.

COPYRIGHT VIOLATION NOTICE: This report was published by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this report can be accessed at https://www.watchlistnews.com/20850-shares-in-rush-enterprises-inc-rusha-purchased-by-sawgrass-asset-management-llc/1725347.html.

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.

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

Receive News & Ratings for Rush Enterprises Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rush Enterprises Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.