New York State Teachers Retirement System Has $1.18 Million Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

New York State Teachers Retirement System raised its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 10.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,446 shares of the company’s stock after buying an additional 1,971 shares during the quarter. New York State Teachers Retirement System’s holdings in Rush Enterprises were worth $1,175,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Creative Planning acquired a new position in Rush Enterprises during the 3rd quarter valued at about $316,000. Blue Trust Inc. lifted its position in Rush Enterprises by 266.1% during the 3rd quarter. Blue Trust Inc. now owns 703 shares of the company’s stock valued at $37,000 after purchasing an additional 511 shares during the period. International Assets Investment Management LLC lifted its position in Rush Enterprises by 5,183.0% during the 3rd quarter. International Assets Investment Management LLC now owns 18,913 shares of the company’s stock valued at $999,000 after purchasing an additional 18,555 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Rush Enterprises by 324.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 41,400 shares of the company’s stock valued at $2,187,000 after purchasing an additional 31,657 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in Rush Enterprises by 73.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,479 shares of the company’s stock valued at $78,000 after purchasing an additional 628 shares during the period. Institutional investors own 84.43% of the company’s stock.

Insider Activity at Rush Enterprises

In related news, Director Michael Mcroberts sold 4,000 shares of the stock in a transaction that occurred 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 directly owns 15,771 shares of the company’s stock, valued at approximately $922,918.92. This represents a 20.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 12.53% of the stock is currently owned by corporate insiders.

Rush Enterprises Stock Performance

Rush Enterprises stock opened at $55.72 on Monday. The company has a market cap of $4.40 billion, a PE ratio of 14.94, a PEG ratio of 1.04 and a beta of 1.02. The company’s 50-day moving average is $58.16 and its two-hundred day moving average is $56.09. The company has a current ratio of 1.45, a quick ratio of 0.28 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.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.09. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.86 billion. Rush Enterprises had a net margin of 3.90% and a return on equity of 14.76%. Equities analysts anticipate that Rush Enterprises, Inc. will post 3.91 earnings per share for the current year.

Rush Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Monday, March 3rd will be given a $0.18 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.29%. Rush Enterprises’s dividend payout ratio is 19.30%.

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 research 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.