Wambolt & Associates LLC Lowers Stock Position in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Wambolt & Associates LLC decreased its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 18.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,750 shares of the company's stock after selling 4,901 shares during the quarter. Wambolt & Associates LLC's holdings in Rush Enterprises were worth $1,192,000 as of its most recent SEC filing.

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

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Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, SVP Jody Pollard sold 11,250 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $56.43, for a total transaction of $634,837.50. Following the completion of the sale, the senior vice president now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Mcroberts sold 4,000 shares of Rush Enterprises 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 transaction, the director now directly owns 15,771 shares in the company, valued at $922,918.92. This trade represents 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 Price Performance

Shares of RUSHA stock traded down $1.66 on Friday, reaching $53.57. 276,968 shares of the company were exchanged, compared to its average volume of 342,110. The company has a market cap of $4.25 billion, a price-to-earnings ratio of 14.36, a P/E/G ratio of 1.04 and a beta of 1.06. Rush Enterprises, Inc. has a 1 year low of $40.99 and a 1 year high of $65.43. The business has a 50-day moving average price of $57.66 and a 200 day moving average price of $56.73. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.45.

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 the consensus estimate of $0.82 by $0.09. The firm had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $1.86 billion. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. Equities research analysts forecast that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Monday, March 3rd. Rush Enterprises's dividend payout ratio is currently 19.30%.

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.