Rush Enterprises, Inc. (NASDAQ:RUSHA) Holdings Lifted by Natixis Advisors LLC

Natixis Advisors LLC raised its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 247,586 shares of the company's stock after acquiring an additional 11,658 shares during the period. Natixis Advisors LLC owned approximately 0.31% of Rush Enterprises worth $13,566,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in RUSHA. GSA Capital Partners LLP bought a new stake in Rush Enterprises during the 3rd quarter valued at $421,000. CIBC Asset Management Inc bought a new stake in Rush Enterprises during the 3rd quarter valued at $214,000. Segall Bryant & Hamill LLC raised its stake in shares of Rush Enterprises by 21.0% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 347,278 shares of the company's stock worth $18,347,000 after buying an additional 60,201 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Rush Enterprises by 10.7% in the 3rd quarter. Jennison Associates LLC now owns 33,996 shares of the company's stock worth $1,796,000 after buying an additional 3,295 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. raised its stake in shares of Rush Enterprises by 1.9% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 773,990 shares of the company's stock worth $40,890,000 after buying an additional 14,600 shares in the last quarter. Institutional investors own 84.43% of the company's stock.

Insider Transactions at Rush Enterprises

In other news, Director Michael Mcroberts sold 4,000 shares of the business'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 sale, the director now directly owns 15,771 shares of the company's stock, valued at $922,918.92. The trade was a 20.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Jody Pollard sold 11,250 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $56.43, for a total value of $634,837.50. Following the sale, the senior vice president now directly owns 3,117 shares in the company, valued at $175,892.31. This trade 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 owned by insiders.

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Rush Enterprises Price Performance

Shares of RUSHA traded down $0.59 during midday trading on Friday, reaching $53.43. The stock had a trading volume of 829,909 shares, compared to its average volume of 321,370. Rush Enterprises, Inc. has a 52 week low of $40.99 and a 52 week high of $65.43. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.45 and a quick ratio of 0.28. The firm's 50 day moving average price is $58.02 and its 200-day moving average price is $56.51. The company has a market capitalization of $4.23 billion, a P/E ratio of 14.32, a P/E/G ratio of 1.04 and a beta of 1.06.

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. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.86 billion. On average, analysts forecast that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Monday, March 3rd. Rush Enterprises's dividend payout ratio (DPR) is presently 19.30%.

Wall Street Analyst Weigh In

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

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.