JPMorgan Chase & Co. Has $101.86 Million Stock Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

JPMorgan Chase & Co. cut its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 4.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,859,136 shares of the company's stock after selling 91,375 shares during the quarter. JPMorgan Chase & Co. owned 2.35% of Rush Enterprises worth $101,862,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake in shares of Rush Enterprises by 475.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 851 shares of the company's stock valued at $46,000 after purchasing an additional 703 shares in the last quarter. GAMMA Investing LLC raised its holdings in Rush Enterprises by 24.4% in the 4th quarter. GAMMA Investing LLC now owns 979 shares of the company's stock valued at $54,000 after buying an additional 192 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Rush Enterprises during the 3rd quarter worth approximately $64,000. PNC Financial Services Group Inc. grew its holdings in Rush Enterprises by 71.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,435 shares of the company's stock worth $79,000 after acquiring an additional 596 shares during the last quarter. Finally, Quarry LP increased its position in Rush Enterprises by 86.0% in the 3rd quarter. Quarry LP now owns 1,605 shares of the company's stock valued at $85,000 after acquiring an additional 742 shares during the period. 84.43% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

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

Insider Transactions at Rush Enterprises

In other Rush Enterprises news, SVP Jody Pollard sold 11,250 shares of Rush Enterprises stock in a transaction 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 of the company's stock, valued at approximately $175,892.31. The trade was a 78.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Mcroberts sold 4,000 shares of the stock in a transaction dated 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 $922,918.92. This trade represents a 20.23 % decrease in their position. The disclosure for this sale can be found here. 12.53% of the stock is currently owned by corporate insiders.

Rush Enterprises Trading Down 0.7 %

RUSHA traded down $0.36 during midday trading on Monday, hitting $50.00. 709,877 shares of the company were exchanged, compared to its average volume of 349,488. The firm has a market capitalization of $3.96 billion, a P/E ratio of 13.40, a P/E/G ratio of 1.04 and a beta of 0.96. The firm's 50 day moving average price is $56.73 and its 200-day moving average price is $56.87. The company has a quick ratio of 0.28, a current ratio of 1.45 and a debt-to-equity ratio of 0.23. Rush Enterprises, Inc. has a 1-year low of $40.99 and a 1-year high of $65.43.

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

Rush Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Monday, March 3rd. Rush Enterprises's dividend payout ratio is currently 19.30%.

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.