Amundi Purchases 20,545 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Amundi raised its position in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 188.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,437 shares of the company's stock after buying an additional 20,545 shares during the quarter. Amundi's holdings in Rush Enterprises were worth $1,743,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its holdings in shares of Rush Enterprises by 475.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 851 shares of the company's stock worth $46,000 after acquiring an additional 703 shares during the last quarter. GAMMA Investing LLC increased its position in Rush Enterprises by 24.4% during the 4th quarter. GAMMA Investing LLC now owns 979 shares of the company's stock worth $54,000 after purchasing an additional 192 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Rush Enterprises in the 3rd quarter valued at approximately $64,000. PNC Financial Services Group Inc. boosted its position in Rush Enterprises by 71.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,435 shares of the company's stock valued at $79,000 after buying an additional 596 shares in the last quarter. Finally, Quarry LP grew its stake in shares of Rush Enterprises by 86.0% during the third quarter. Quarry LP now owns 1,605 shares of the company's stock worth $85,000 after buying an additional 742 shares during the last quarter. 84.43% of the stock is currently owned by institutional investors and hedge funds.

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Rush Enterprises Trading Down 1.1 %

NASDAQ:RUSHA traded down $0.59 during mid-day trading on Friday, hitting $53.43. 807,993 shares of the company's stock were exchanged, compared to its average volume of 321,155. Rush Enterprises, Inc. has a fifty-two week low of $40.99 and a fifty-two week high of $65.43. 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 firm has a market capitalization of $4.23 billion, a P/E ratio of 14.32, a PEG ratio of 1.04 and a beta of 1.06. The company has a 50 day simple moving average of $58.05 and a 200-day simple moving average of $56.46.

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

Rush Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 3rd were paid a $0.18 dividend. 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 is currently 19.30%.

Wall Street Analysts Forecast Growth

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

Insider Activity at Rush Enterprises

In related news, SVP Jody Pollard sold 11,250 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $56.43, for a total transaction of $634,837.50. Following the transaction, the senior vice president now owns 3,117 shares in the company, valued at $175,892.31. The trade was a 78.30 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the sale, the director now 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 disclosure for this sale can be found here. 12.53% of the stock is currently owned by company insiders.

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.