Edgestream Partners L.P. bought a new position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 22,354 shares of the company's stock, valued at approximately $1,225,000.
Other large investors also recently modified their holdings of the company. FMR LLC boosted its stake 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 buying an additional 1,336,528 shares in the last quarter. Jennison Associates LLC boosted its stake in Rush Enterprises by 1,398.4% in the fourth quarter. Jennison Associates LLC now owns 509,380 shares of the company's stock valued at $27,909,000 after buying an additional 475,384 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in Rush Enterprises by 5,379.0% in the fourth 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 in the last quarter. Janus Henderson Group PLC boosted its stake in Rush Enterprises by 148.1% in the third quarter. Janus Henderson Group PLC now owns 308,204 shares of the company's stock valued at $16,282,000 after buying an additional 183,965 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Rush Enterprises in the fourth quarter valued at about $9,822,000. 84.43% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Rush Enterprises
In related news, SVP Jody Pollard sold 11,250 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $56.43, for a total transaction 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 $175,892.31. This represents a 78.30 % decrease in their position. 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 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 sale, the director now owns 15,771 shares of the company's stock, valued at $922,918.92. This represents a 20.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.53% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Separately, Stephens restated an "overweight" rating and set a $69.00 price objective on shares of Rush Enterprises in a research report on Wednesday, February 19th.
View Our Latest Stock Analysis on Rush Enterprises
Rush Enterprises Trading Down 3.7 %
RUSHA stock traded down $2.01 during mid-day trading on Thursday, reaching $52.01. The company's stock had a trading volume of 474,443 shares, compared to its average volume of 312,386. The company has a market cap of $4.12 billion, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of 1.04 and a beta of 1.06. The company has a current ratio of 1.45, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. Rush Enterprises, Inc. has a 12 month low of $40.99 and a 12 month high of $65.43. The business's 50 day moving average price is $58.27 and its 200 day moving average price is $56.46.
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 for the quarter, topping the consensus estimate of $0.82 by $0.09. The business 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%. On average, equities research analysts predict that Rush Enterprises, Inc. will post 3.91 EPS for the current year.
Rush Enterprises Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Monday, March 3rd will be paid a dividend of $0.18 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.38%. Rush Enterprises's payout ratio is 19.30%.
About Rush Enterprises
(
Free Report)
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.
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