Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its position in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 30.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,376 shares of the company's stock after selling 22,636 shares during the period. Thrivent Financial for Lutherans owned approximately 0.07% of Rush Enterprises worth $2,815,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of RUSHA. Commonwealth Equity Services LLC boosted its stake in shares of Rush Enterprises by 1.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 11,183 shares of the company's stock valued at $613,000 after purchasing an additional 186 shares during the period. GAMMA Investing LLC lifted its holdings in Rush Enterprises by 24.4% in the 4th quarter. GAMMA Investing LLC now owns 979 shares of the company's stock worth $54,000 after buying an additional 192 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in 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 buying an additional 200 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Rush Enterprises by 1.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 32,516 shares of the company's stock valued at $1,782,000 after acquiring an additional 345 shares in the last quarter. Finally, QRG Capital Management Inc. increased its position in shares of Rush Enterprises by 4.3% during the fourth quarter. QRG Capital Management Inc. now owns 14,142 shares of the company's stock worth $775,000 after acquiring an additional 578 shares during the last quarter. Hedge funds and other institutional investors own 84.43% of the company's stock.

Remove Ads

Rush Enterprises Stock Down 0.3 %

Shares of RUSHA stock traded down $0.16 during mid-day trading on Monday, reaching $53.41. 470,404 shares of the company were exchanged, compared to its average volume of 342,621. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.45. The business's 50 day simple moving average is $57.52 and its 200 day simple moving average is $56.83. 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, Inc. has a fifty-two week low of $40.99 and a fifty-two 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 earnings per share 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 the consensus estimate of $1.86 billion. Research analysts predict that Rush Enterprises, Inc. will post 3.91 earnings per share for the current 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 issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Monday, March 3rd. Rush Enterprises's dividend payout ratio is presently 19.30%.

Analysts Set New Price Targets

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

Insider Transactions at Rush Enterprises

In related news, Director Michael Mcroberts sold 4,000 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $58.52, for a total transaction of $234,080.00. Following the sale, the director now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 transaction of $634,837.50. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders own 12.53% of the company's stock.

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.