Leuthold Group LLC Sells 7,039 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Leuthold Group LLC cut its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 11.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,463 shares of the company's stock after selling 7,039 shares during the period. Leuthold Group LLC owned approximately 0.07% of Rush Enterprises worth $3,039,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of RUSHA. Blue Trust Inc. increased its stake in Rush Enterprises by 266.1% in the third quarter. Blue Trust Inc. now owns 703 shares of the company's stock valued at $37,000 after acquiring an additional 511 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Rush Enterprises by 24.4% during the 4th quarter. GAMMA Investing LLC now owns 979 shares of the company's stock valued at $54,000 after acquiring an additional 192 shares in the last quarter. Costello Asset Management INC acquired a new stake in shares of Rush Enterprises during the third quarter valued at about $58,000. Wilmington Savings Fund Society FSB bought a new stake in Rush Enterprises during the 3rd quarter worth approximately $64,000. Finally, Farther Finance Advisors LLC grew its stake 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 worth $78,000 after purchasing an additional 628 shares during the last quarter. 84.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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.

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Insider Buying and Selling at Rush Enterprises

In other Rush Enterprises news, Director Michael Mcroberts sold 4,000 shares of the firm'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. This trade represents a 20.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jody Pollard sold 11,250 shares of Rush Enterprises stock in a transaction on Tuesday, February 25th. The stock was 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 in the company, valued at $175,892.31. This represents a 78.30 % 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 company insiders.

Rush Enterprises Trading Up 1.6 %

RUSHA stock traded up $0.93 during mid-day trading on Wednesday, reaching $57.82. The company's stock had a trading volume of 389,481 shares, compared to its average volume of 308,818. The company has a market cap of $4.57 billion, a price-to-earnings ratio of 15.50, a price-to-earnings-growth ratio of 1.04 and a beta of 1.02. 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 $58.03 and its 200 day moving average price is $56.16. 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 (NASDAQ:RUSHA - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.09. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.86 billion. Rush Enterprises had a net margin of 3.90% and a return on equity of 14.76%. On average, equities research analysts predict that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 1.25%. Rush Enterprises's dividend payout ratio (DPR) is presently 19.30%.

About Rush Enterprises

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.