Private Management Group Inc. reduced its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 16.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 159,662 shares of the company’s stock after selling 32,487 shares during the quarter. Private Management Group Inc. owned approximately 0.40% of Rush Enterprises worth $7,391,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. US Bancorp DE boosted its stake in shares of Rush Enterprises by 0.8% during the 2nd quarter. US Bancorp DE now owns 21,036 shares of the company’s stock worth $782,000 after acquiring an additional 164 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in shares of Rush Enterprises by 0.4% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 38,182 shares of the company’s stock worth $1,420,000 after acquiring an additional 164 shares during the period. Legal & General Group Plc boosted its stake in shares of Rush Enterprises by 0.5% during the 2nd quarter. Legal & General Group Plc now owns 42,999 shares of the company’s stock worth $1,597,000 after acquiring an additional 199 shares during the period. Ameritas Investment Partners Inc. boosted its stake in shares of Rush Enterprises by 8.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,112 shares of the company’s stock worth $152,000 after acquiring an additional 316 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Rush Enterprises by 12.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,900 shares of the company’s stock worth $256,000 after acquiring an additional 780 shares during the period. Institutional investors own 76.02% of the company’s stock.

In other news, 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 transaction of $558,823.44. Following the completion of the transaction, the chief executive officer now owns 96,155 shares of the company’s stock, valued at approximately $4,926,982.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $1,393,539.16. Following the transaction, the executive vice president now directly owns 14,733 shares of the company’s stock, valued at approximately $768,031.29. The disclosure for this sale can be found here. 11.19% of the stock is owned by insiders.

Several analysts recently weighed in on the company. 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 cut Rush Enterprises from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. BidaskClub raised Rush Enterprises from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research cut Rush Enterprises from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 27th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $38.00 price target on shares of Rush Enterprises in a report on Friday, July 28th. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Rush Enterprises presently has an average rating of “Hold” and a consensus target price of $46.00.

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Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) traded down $0.92 during midday trading on Thursday, reaching $48.71. The company’s stock had a trading volume of 190,100 shares, compared to its average volume of 218,670. The firm has a market cap of $1,974.73, a PE ratio of 25.72, a PEG ratio of 1.59 and a beta of 1.20. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.16 and a quick ratio of 0.29. Rush Enterprises, Inc. has a 52-week low of $27.30 and a 52-week high of $54.11.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ 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 return on equity of 8.82% and a net margin of 1.74%. equities research analysts expect that Rush Enterprises, Inc. will post 2.08 earnings per share for the current fiscal year.

Rush Enterprises 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)

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