Beck Mack & Oliver LLC Has $58.82 Million Stock Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Beck Mack & Oliver LLC increased its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 0.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,073,567 shares of the company's stock after purchasing an additional 5,823 shares during the period. Rush Enterprises makes up approximately 1.1% of Beck Mack & Oliver LLC's holdings, making the stock its 27th largest position. Beck Mack & Oliver LLC owned 1.36% of Rush Enterprises worth $58,821,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Jennison Associates LLC raised its holdings in Rush Enterprises by 1,398.4% in the 4th quarter. Jennison Associates LLC now owns 509,380 shares of the company's stock valued at $27,909,000 after acquiring an additional 475,384 shares in the last quarter. Proficio Capital Partners LLC increased its holdings in Rush Enterprises by 5,379.0% in the 4th quarter. Proficio Capital Partners LLC now owns 334,822 shares of the company's stock valued at $18,345,000 after buying an additional 328,711 shares during the period. Norges Bank acquired a new position in shares of Rush Enterprises in the 4th quarter valued at $10,127,000. Raymond James Financial Inc. bought a new position in shares of Rush Enterprises during the 4th quarter worth about $9,822,000. Finally, Segall Bryant & Hamill LLC boosted its position in shares of Rush Enterprises by 35.0% during the 4th quarter. Segall Bryant & Hamill LLC now owns 468,855 shares of the company's stock valued at $25,689,000 after acquiring an additional 121,577 shares in the last quarter. Institutional investors own 84.43% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Stephens reiterated an "overweight" rating and issued a $69.00 price objective on shares of Rush Enterprises in a research note on Wednesday, February 19th.

Rush Enterprises Price Performance

Shares of Rush Enterprises stock traded up $1.14 during mid-day trading on Thursday, reaching $52.14. 105,012 shares of the stock were exchanged, compared to its average volume of 365,663. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 1.04 and a beta of 0.96. Rush Enterprises, Inc. has a fifty-two week low of $40.99 and a fifty-two week high of $65.43. The company has a current ratio of 1.45, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The firm has a 50-day simple moving average of $54.31 and a 200 day simple moving average of $56.73.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $1.86 billion. On average, sell-side analysts predict that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 3rd were issued a $0.18 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.38%. Rush Enterprises's dividend payout ratio is 19.30%.

Insiders Place Their Bets

In other news, SVP Jody Pollard sold 11,250 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $56.43, for a total transaction of $634,837.50. Following the transaction, the senior vice president now owns 3,117 shares of the company's stock, valued at $175,892.31. This represents a 78.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael Mcroberts sold 4,000 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $58.52, for a total value of $234,080.00. Following the completion of the transaction, the director now owns 15,771 shares in the company, valued at approximately $922,918.92. This represents a 20.23 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.53% of the company's stock.

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.