Bridges Investment Management Inc. Has $927,000 Stock Position in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Bridges Investment Management Inc. lifted its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 48.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,918 shares of the company's stock after buying an additional 5,500 shares during the period. Bridges Investment Management Inc.'s holdings in Rush Enterprises were worth $927,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. GAMMA Investing LLC lifted its position in shares of Rush Enterprises by 24.4% in the fourth quarter. GAMMA Investing LLC now owns 979 shares of the company's stock worth $54,000 after buying an additional 192 shares in the last quarter. Costello Asset Management INC bought a new position in shares of Rush Enterprises during the third quarter valued at approximately $58,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Rush Enterprises in the third quarter valued at approximately $64,000. Farther Finance Advisors LLC boosted its holdings in shares of Rush Enterprises by 73.8% in the third quarter. Farther Finance Advisors LLC now owns 1,479 shares of the company's stock valued at $78,000 after purchasing an additional 628 shares during the period. Finally, Quarry LP lifted its holdings in Rush Enterprises by 86.0% during the third quarter. Quarry LP now owns 1,605 shares of the company's stock worth $85,000 after buying an additional 742 shares during the period. 84.43% of the stock is owned by hedge funds and other institutional investors.

Rush Enterprises Stock Performance

Shares of NASDAQ RUSHA traded down $0.89 during trading on Thursday, reaching $55.47. 108,918 shares of the company traded hands, compared to its average volume of 306,815. Rush Enterprises, Inc. has a 12-month low of $40.99 and a 12-month 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 stock has a market cap of $4.40 billion, a P/E ratio of 14.82, a PEG ratio of 1.04 and a beta of 1.02. The firm's fifty day simple moving average is $58.24 and its 200 day simple moving average is $56.37.

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

Rush Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 3rd will be paid a $0.18 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.72 annualized dividend and a yield of 1.30%. Rush Enterprises's dividend payout ratio is currently 19.30%.

Insider Transactions at Rush Enterprises

In other Rush Enterprises news, 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 transaction of $634,837.50. Following the transaction, the senior vice president now directly owns 3,117 shares of the company's stock, valued at $175,892.31. The trade was a 78.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael Mcroberts sold 4,000 shares of the business's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $58.52, for a total transaction of $234,080.00. Following the transaction, the director now directly owns 15,771 shares in the company, valued at approximately $922,918.92. The trade was a 20.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.53% of the company's stock.

Analyst Ratings Changes

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

Rush Enterprises Company 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.