Jennison Associates LLC Has $27.91 Million Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Jennison Associates LLC increased its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 1,398.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 509,380 shares of the company's stock after purchasing an additional 475,384 shares during the quarter. Jennison Associates LLC owned 0.64% of Rush Enterprises worth $27,909,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of Rush Enterprises by 24.4% in the 4th quarter. GAMMA Investing LLC now owns 979 shares of the company's stock worth $54,000 after purchasing an additional 192 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Rush Enterprises by 1.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 32,516 shares of the company's stock worth $1,782,000 after acquiring an additional 345 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of Rush Enterprises by 5.0% in the 3rd quarter. Verdence Capital Advisors LLC now owns 7,785 shares of the company's stock worth $411,000 after acquiring an additional 370 shares during the period. The Manufacturers Life Insurance Company lifted its position in 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 purchasing an additional 405 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its stake in Rush Enterprises by 3.7% during the 3rd quarter. QRG Capital Management Inc. now owns 13,564 shares of the company's stock valued at $717,000 after purchasing an additional 484 shares during the period. Institutional investors and hedge funds own 84.43% of the company's stock.

Rush Enterprises Trading Up 1.6 %

Shares of NASDAQ:RUSHA traded up $0.99 during mid-day trading on Wednesday, hitting $61.05. The stock had a trading volume of 247,497 shares, compared to its average volume of 274,422. Rush Enterprises, Inc. has a 12-month low of $40.99 and a 12-month high of $65.15. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.40. The company has a market cap of $4.82 billion, a PE ratio of 16.19, a P/E/G ratio of 2.43 and a beta of 1.02. The company's 50 day moving average is $58.55 and its 200-day moving average is $55.19.

Analyst Upgrades and Downgrades

Separately, Stephens lifted their price objective on shares of Rush Enterprises from $66.00 to $69.00 and gave the company an "overweight" rating in a research note 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.