Jennison Associates LLC Raises Stock Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Jennison Associates LLC boosted its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 1,398.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 509,380 shares of the company’s stock after acquiring an additional 475,384 shares during the quarter. Jennison Associates LLC’s holdings in Rush Enterprises were worth $27,909,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in RUSHA. The Manufacturers Life Insurance Company raised its holdings in shares of Rush Enterprises by 1.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,270 shares of the company’s stock valued at $1,477,000 after buying an additional 405 shares during the period. SG Americas Securities LLC grew its position in Rush Enterprises by 291.1% in the 3rd quarter. SG Americas Securities LLC now owns 10,506 shares of the company’s stock valued at $555,000 after acquiring an additional 7,820 shares in the last quarter. GAMMA Investing LLC increased its stake in Rush Enterprises by 147.5% during the third quarter. GAMMA Investing LLC now owns 787 shares of the company’s stock worth $42,000 after purchasing an additional 469 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in shares of Rush Enterprises during the third quarter worth about $53,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Rush Enterprises by 23.9% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 29,050 shares of the company’s stock valued at $1,534,000 after purchasing an additional 5,600 shares during the period. 84.43% of the stock is currently owned by institutional investors and hedge funds.

Rush Enterprises Trading Up 1.2 %

RUSHA opened at $60.06 on Wednesday. The business has a fifty day moving average price of $58.55 and a 200 day moving average price of $55.19. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.28. Rush Enterprises, Inc. has a 12 month low of $40.99 and a 12 month high of $65.15. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of 15.93, a PEG ratio of 2.43 and a beta of 1.02.

Analysts Set New Price Targets

Separately, Stephens increased their target price 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.

Rush Enterprises Profile

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.