Arrowstreet Capital Limited Partnership Has $1.33 Million Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHB)

Arrowstreet Capital Limited Partnership increased its stake in Rush Enterprises, Inc. (NASDAQ:RUSHB) by 5.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,622 shares of the company’s stock after purchasing an additional 1,500 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.07% of Rush Enterprises worth $1,332,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its holdings in shares of Rush Enterprises by 6.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,371 shares of the company’s stock valued at $267,000 after purchasing an additional 443 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Rush Enterprises by 7.1% in the 4th quarter. Bank of New York Mellon Corp now owns 19,242 shares of the company’s stock valued at $927,000 after acquiring an additional 1,268 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Rush Enterprises in the 3rd quarter valued at about $107,000. BlackRock Inc. grew its stake in Rush Enterprises by 1.3% in the 4th quarter. BlackRock Inc. now owns 276,986 shares of the company’s stock valued at $13,353,000 after acquiring an additional 3,553 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. grew its stake in Rush Enterprises by 21.4% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 22,110 shares of the company’s stock valued at $964,000 after acquiring an additional 3,900 shares during the last quarter. Institutional investors and hedge funds own 10.35% of the company’s stock.

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Separately, ValuEngine raised shares of Rush Enterprises from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd.

NASDAQ RUSHB traded down $1.96 during trading hours on Monday, reaching $38.42. The company’s stock had a trading volume of 9,836 shares, compared to its average volume of 9,744. The stock has a market cap of $1,608.46, a price-to-earnings ratio of 17.95 and a beta of 1.08. Rush Enterprises, Inc. has a fifty-two week low of $30.41 and a fifty-two week high of $52.76. The company has a current ratio of 1.17, a quick ratio of 0.29 and a debt-to-equity ratio of 0.51.

Rush Enterprises (NASDAQ:RUSHB) last released its quarterly earnings results on Wednesday, February 14th. The company reported $0.63 earnings per share (EPS) for the quarter. Rush Enterprises had a net margin of 3.65% and a return on equity of 10.00%. The company had revenue of $1.21 billion for the quarter.

Rush Enterprises announced that its board has initiated a stock buyback program on Wednesday, March 14th that permits the company to buyback $35.00 million in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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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:RUSHB)

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