Peregrine Capital Management LLC Sells 4,436 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Peregrine Capital Management LLC lowered its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 120,996 shares of the company’s stock after selling 4,436 shares during the period. Peregrine Capital Management LLC owned about 0.15% of Rush Enterprises worth $6,629,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in RUSHA. FMR LLC increased its stake 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 buying an additional 1,336,528 shares during the period. Jennison Associates LLC increased its position 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 period. Janus Henderson Group PLC raised its holdings in 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. lifted its position in shares of Rush Enterprises by 13.2% in the 3rd 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 period. Finally, Algert Global LLC boosted its stake in shares of Rush Enterprises by 284.0% during the 3rd 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. Institutional investors own 84.43% of the company’s stock.

Rush Enterprises Trading Up 1.2 %

NASDAQ RUSHA opened at $61.17 on Wednesday. The firm has a market capitalization of $4.83 billion, a PE ratio of 16.23, a P/E/G ratio of 2.41 and a beta of 1.02. The stock’s 50 day moving average is $58.29 and its 200 day moving average is $55.92. Rush Enterprises, Inc. has a twelve month low of $40.99 and a twelve month high of $65.15. 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 (NASDAQ:RUSHA) last announced its earnings results on Tuesday, February 18th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.09. Rush Enterprises had a net margin of 3.93% and a return on equity of 15.43%. Research analysts forecast that Rush Enterprises, Inc. will post 3.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

About Rush Enterprises

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.