New South Capital Management Inc. Decreases Stock Position in Rush Enterprises, Inc. (NASDAQ:RUSHA)

New South Capital Management Inc. lessened its position in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 6.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 490,744 shares of the company's stock after selling 36,235 shares during the period. New South Capital Management Inc. owned approximately 0.62% of Rush Enterprises worth $26,888,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC raised its position in Rush Enterprises by 24.4% in the fourth quarter. GAMMA Investing LLC now owns 979 shares of the company's stock worth $54,000 after acquiring an additional 192 shares in the last quarter. Louisiana State Employees Retirement System increased 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 purchasing an additional 200 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Rush Enterprises by 1.1% in the fourth quarter. Harbor Capital Advisors Inc. now owns 32,516 shares of the company's stock valued at $1,782,000 after purchasing an additional 345 shares during the period. Verdence Capital Advisors LLC boosted its holdings 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 buying an additional 370 shares in the last quarter. Finally, QRG Capital Management Inc. grew its position in Rush Enterprises by 3.7% during the third quarter. QRG Capital Management Inc. now owns 13,564 shares of the company's stock worth $717,000 after buying an additional 484 shares during the period. Hedge funds and other institutional investors own 84.43% of the company's stock.

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Rush Enterprises Trading Down 0.2 %

Shares of NASDAQ RUSHA traded down $0.11 during midday trading on Friday, reaching $55.40. 219,866 shares of the stock were exchanged, compared to its average volume of 309,606. The stock has a 50 day moving average price of $58.29 and a 200-day moving average price of $56.42. The company has a current ratio of 1.45, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $4.39 billion, a P/E ratio of 14.85, a P/E/G ratio of 1.04 and a beta of 1.06. Rush Enterprises, Inc. has a 52-week low of $40.99 and a 52-week high of $65.43.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.82 by $0.09. Rush Enterprises had a net margin of 3.90% and a return on equity of 14.76%. The firm had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $1.86 billion. Equities research analysts expect that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Monday, March 3rd will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.72 annualized dividend and a yield of 1.30%. Rush Enterprises's dividend payout ratio (DPR) is presently 19.30%.

Insiders Place Their Bets

In other Rush Enterprises news, Director Michael Mcroberts sold 4,000 shares of the company's 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 completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Jody Pollard sold 11,250 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $56.43, for a total value of $634,837.50. Following the completion of the transaction, the senior vice president now owns 3,117 shares in the company, valued at approximately $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 corporate insiders.

Analysts Set New Price Targets

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

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.