Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Sold by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP lessened its position in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 54.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,429 shares of the company's stock after selling 21,661 shares during the quarter. ExodusPoint Capital Management LP's holdings in Rush Enterprises were worth $1,010,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. State Street Corp grew its position in shares of Rush Enterprises by 0.7% during the 3rd quarter. State Street Corp now owns 2,349,597 shares of the company's stock worth $124,129,000 after buying an additional 16,082 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Rush Enterprises by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,616,048 shares of the company's stock valued at $85,390,000 after purchasing an additional 16,803 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of Rush Enterprises by 3.1% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,222,719 shares of the company's stock worth $66,993,000 after purchasing an additional 36,326 shares during the period. Global Alpha Capital Management Ltd. boosted its stake in shares of Rush Enterprises by 2.0% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 789,190 shares of the company's stock valued at $43,240,000 after purchasing an additional 15,200 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Rush Enterprises by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 742,995 shares of the company's stock valued at $40,709,000 after buying an additional 26,254 shares during the period. 84.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Rush Enterprises Stock Down 0.9 %

Shares of RUSHA stock traded down $0.50 during mid-day trading on Wednesday, hitting $52.22. 165,920 shares of the stock traded hands, compared to its average volume of 358,104. The stock's fifty day moving average is $55.37 and its two-hundred day moving average is $56.76. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.45 and a quick ratio of 0.28. Rush Enterprises, Inc. has a 52-week low of $40.99 and a 52-week high of $65.43. The stock has a market cap of $4.14 billion, a P/E ratio of 14.00, a P/E/G ratio of 1.04 and a beta of 0.96.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last issued its quarterly earnings results 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. 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 during the quarter, compared to the consensus estimate of $1.86 billion. Equities analysts predict that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Announces Dividend

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

Insider Transactions at Rush Enterprises

In other Rush Enterprises news, Director Michael Mcroberts sold 4,000 shares of Rush Enterprises stock in a transaction on 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 of the company's stock, valued at approximately $922,918.92. The trade was a 20.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 sale, the senior vice president now directly owns 3,117 shares in the company, valued at approximately $175,892.31. The trade was a 78.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.