Prudential Financial Inc. Has $4.89 Million Stock Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Prudential Financial Inc. lifted its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 14.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,685 shares of the company's stock after acquiring an additional 10,081 shares during the period. Prudential Financial Inc. owned 0.10% of Rush Enterprises worth $4,894,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Dean Investment Associates LLC acquired a new position in Rush Enterprises during the third quarter worth about $1,986,000. Global Alpha Capital Management Ltd. boosted its position in shares of Rush Enterprises by 2.0% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 789,190 shares of the company's stock valued at $43,240,000 after purchasing an additional 15,200 shares in the last quarter. Costello Asset Management INC grew its stake in shares of Rush Enterprises by 3,793.9% in the 4th quarter. Costello Asset Management INC now owns 42,833 shares of the company's stock worth $2,347,000 after purchasing an additional 41,733 shares during the last quarter. Natixis Advisors LLC raised its holdings in shares of Rush Enterprises by 4.9% in the 4th quarter. Natixis Advisors LLC now owns 247,586 shares of the company's stock worth $13,566,000 after purchasing an additional 11,658 shares in the last quarter. Finally, Tensile Capital Management LP acquired a new stake in Rush Enterprises during the third quarter valued at approximately $1,815,000. 84.43% of the stock is currently owned by institutional investors.

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Rush Enterprises Trading Down 2.6 %

Shares of NASDAQ RUSHA traded down $1.36 during mid-day trading on Friday, hitting $50.36. 857,691 shares of the company traded hands, compared to its average volume of 348,047. 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. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 1.04 and a beta of 1.06. The business has a 50 day moving average of $56.94 and a two-hundred day moving average of $56.86.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last announced 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 company had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $1.86 billion. On average, sell-side analysts anticipate that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Monday, March 3rd. Rush Enterprises's dividend payout ratio (DPR) is currently 19.30%.

Insider Activity

In other news, Director Michael Mcroberts sold 4,000 shares of the business's stock in a transaction on Thursday, February 20th. The shares were 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. The trade was a 20.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jody Pollard sold 11,250 shares of the 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 owns 3,117 shares of the company's stock, valued at approximately $175,892.31. This represents a 78.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 12.53% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.