Keybank National Association OH Takes $294,000 Position in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Keybank National Association OH bought a new position in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,374 shares of the company's stock, valued at approximately $294,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. GAMMA Investing LLC raised its stake in Rush Enterprises by 24.4% during the fourth quarter. GAMMA Investing LLC now owns 979 shares of the company's stock valued at $54,000 after purchasing an additional 192 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Rush Enterprises by 0.7% in the 4th quarter. Louisiana State Employees Retirement System now owns 30,100 shares of the company's stock valued at $1,649,000 after acquiring an additional 200 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Rush Enterprises by 1.1% in the fourth quarter. Harbor Capital Advisors Inc. now owns 32,516 shares of the company's stock worth $1,782,000 after acquiring an additional 345 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in Rush Enterprises by 5.0% during the third quarter. Verdence Capital Advisors LLC now owns 7,785 shares of the company's stock worth $411,000 after acquiring an additional 370 shares during the last quarter. Finally, QRG Capital Management Inc. raised its position in Rush Enterprises by 4.3% during the fourth quarter. QRG Capital Management Inc. now owns 14,142 shares of the company's stock valued at $775,000 after purchasing an additional 578 shares during the period. Institutional investors own 84.43% of the company's stock.

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Wall Street Analyst Weigh In

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

Insider Buying and Selling at Rush Enterprises

In other Rush Enterprises news, SVP Jody Pollard sold 11,250 shares of Rush Enterprises 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 owns 3,117 shares of the company's stock, valued at approximately $175,892.31. The trade was a 78.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 completion of the transaction, the director now directly owns 15,771 shares in the company, 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 owned by insiders.

Rush Enterprises Stock Up 0.3 %

NASDAQ RUSHA traded up $0.14 during trading on Tuesday, reaching $54.61. 291,083 shares of the company's stock traded hands, compared to its average volume of 309,491. The company's 50 day simple moving average is $58.29 and its two-hundred day simple moving average is $56.47. Rush Enterprises, Inc. has a 12-month low of $40.99 and a 12-month high of $65.43. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 14.64, a price-to-earnings-growth ratio of 1.04 and a beta of 1.06. 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 (NASDAQ:RUSHA - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.09. The company had revenue of $2.01 billion during 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, sell-side analysts forecast that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Monday, March 3rd. Rush Enterprises's payout ratio is currently 19.30%.

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.