12th Street Asset Management Company LLC Has $22.60 Million Position in Rush Enterprises, Inc. (NASDAQ:RUSHA)

12th Street Asset Management Company LLC grew its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 10.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 412,558 shares of the company's stock after buying an additional 40,479 shares during the quarter. Rush Enterprises makes up 3.7% of 12th Street Asset Management Company LLC's portfolio, making the stock its 13th largest position. 12th Street Asset Management Company LLC owned 0.52% of Rush Enterprises worth $22,604,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. FMR LLC boosted its holdings in Rush Enterprises by 34.8% in the third quarter. FMR LLC now owns 5,174,262 shares of the company's stock valued at $273,356,000 after acquiring an additional 1,336,528 shares during the last quarter. State Street Corp boosted its holdings in Rush Enterprises by 0.7% in the third quarter. State Street Corp now owns 2,349,597 shares of the company's stock valued at $124,129,000 after acquiring an additional 16,082 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Rush Enterprises by 1.1% in the third quarter. Geode Capital Management LLC now owns 1,616,048 shares of the company's stock valued at $85,390,000 after acquiring an additional 16,803 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in Rush Enterprises by 3.1% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,222,719 shares of the company's stock worth $66,993,000 after buying an additional 36,326 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. boosted its holdings in Rush Enterprises by 2.0% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 789,190 shares of the company's stock worth $43,240,000 after buying an additional 15,200 shares during the last quarter. 84.43% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analyst Upgrades and Downgrades

Separately, Stephens restated an "overweight" rating and set a $69.00 target price on shares of Rush Enterprises in a report on Wednesday, February 19th.

Insider Activity

In related news, Director Michael Mcroberts sold 4,000 shares of Rush Enterprises stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $58.52, for a total value of $234,080.00. Following the sale, the director now owns 15,771 shares of the company's stock, valued at approximately $922,918.92. This trade represents a 20.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jody Pollard sold 11,250 shares of Rush Enterprises stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $56.43, for a total value of $634,837.50. Following the completion of the sale, the senior vice president now directly owns 3,117 shares in the company, valued at approximately $175,892.31. This represents a 78.30 % decrease in their position. The disclosure for this sale can be found here. 12.53% of the stock is currently owned by company insiders.

Rush Enterprises Trading Down 1.9 %

RUSHA traded down $1.05 during midday trading on Tuesday, reaching $52.90. 456,195 shares of the company were exchanged, compared to its average volume of 319,197. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.45. Rush Enterprises, Inc. has a one year low of $40.99 and a one year high of $65.43. The stock has a market capitalization of $4.19 billion, a P/E ratio of 14.18, a PEG ratio of 1.04 and a beta of 1.06. The stock's 50-day simple moving average is $58.15 and its 200 day simple moving average is $56.49.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.09. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. The business had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $1.86 billion. As a group, analysts forecast that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Monday, March 3rd. Rush Enterprises's dividend payout ratio (DPR) is presently 19.30%.

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.