Jennison Associates LLC Has $2.08 Million Stake in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Jennison Associates LLC cut its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 6.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,284 shares of the company’s stock after selling 3,061 shares during the quarter. Jennison Associates LLC owned about 0.05% of Rush Enterprises worth $2,077,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in RUSHA. Nisa Investment Advisors LLC lifted its position in Rush Enterprises by 13.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,590 shares of the company’s stock worth $130,000 after acquiring an additional 300 shares during the last quarter. Gladius Capital Management LP grew its holdings in Rush Enterprises by 891.2% in the 3rd quarter. Gladius Capital Management LP now owns 1,120 shares of the company’s stock valued at $46,000 after buying an additional 1,007 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Rush Enterprises by 4.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,552 shares of the company’s stock worth $1,436,000 after buying an additional 1,222 shares during the period. Quantbot Technologies LP increased its position in Rush Enterprises by 30.2% during the 3rd quarter. Quantbot Technologies LP now owns 6,533 shares of the company’s stock worth $267,000 after buying an additional 1,515 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Rush Enterprises by 24.3% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 9,450 shares of the company’s stock worth $386,000 after buying an additional 1,850 shares in the last quarter. Institutional investors own 84.43% of the company’s stock.

Insider Buying and Selling

In other news, SVP Jody Pollard sold 11,250 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $48.28, for a total value of $543,150.00. Following the completion of the transaction, the senior vice president now directly owns 2,777 shares in the company, valued at approximately $134,073.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 17.10% of the stock is owned by corporate insiders.

Rush Enterprises Stock Performance

Shares of NASDAQ:RUSHA opened at $46.76 on Friday. Rush Enterprises, Inc. has a 1 year low of $33.37 and a 1 year high of $53.78. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 1.03 and a beta of 1.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.43 and a quick ratio of 0.27. The company’s 50 day simple moving average is $49.35 and its 200 day simple moving average is $44.87.

Rush Enterprises (NASDAQ:RUSHA) last issued its earnings results on Tuesday, April 23rd. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.08. Rush Enterprises had a return on equity of 17.16% and a net margin of 4.16%. The firm had revenue of $1.87 billion for the quarter. During the same period in the prior year, the business posted $1.07 EPS. As a group, research analysts predict that Rush Enterprises, Inc. will post 2.92 EPS for the current fiscal year.

Rush Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 9th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Wednesday, May 8th. Rush Enterprises’s dividend payout ratio (DPR) is presently 17.19%.

Analyst Ratings Changes

A number of brokerages recently issued reports on RUSHA. Stephens reissued an “overweight” rating and set a $60.00 price target on shares of Rush Enterprises in a research report on Wednesday. StockNews.com cut Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Monday, January 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.