Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D cut its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 3.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,615 shares of the company’s stock after selling 1,227 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Rush Enterprises were worth $1,951,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dean Investment Associates LLC acquired a new position in Rush Enterprises during the third quarter worth about $1,986,000. Vaughan Nelson Investment Management L.P. grew its position in shares of Rush Enterprises by 13.2% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,186,393 shares of the company’s stock valued at $62,677,000 after purchasing an additional 138,488 shares in the last quarter. Costello Asset Management INC increased its holdings in shares of Rush Enterprises by 3,793.9% in the fourth quarter. Costello Asset Management INC now owns 42,833 shares of the company’s stock valued at $2,347,000 after purchasing an additional 41,733 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Rush Enterprises in the third quarter valued at approximately $1,523,000. Finally, Tensile Capital Management LP purchased a new position in Rush Enterprises during the third quarter worth approximately $1,815,000. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Rush Enterprises Stock Down 0.9 %

Shares of NASDAQ:RUSHA opened at $55.21 on Tuesday. The firm has a 50 day simple moving average of $58.06 and a 200-day simple moving average of $56.12. Rush Enterprises, Inc. has a twelve month low of $40.99 and a twelve month 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 company has a market capitalization of $4.36 billion, a PE ratio of 14.80, a P/E/G ratio of 1.04 and a beta of 1.02.

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

Rush Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.18 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.30%. Rush Enterprises’s dividend payout ratio (DPR) is 19.30%.

Insider Buying and Selling

In other 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 value of $234,080.00. Following the completion of the transaction, the director now owns 15,771 shares in the company, valued at $922,918.92. This trade represents a 20.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.53% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Stephens reiterated an “overweight” rating and issued a $69.00 price objective on shares of Rush Enterprises in a research report on Wednesday, February 19th.

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.