Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Acquired by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC lifted its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 475.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 851 shares of the company’s stock after purchasing an additional 703 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Rush Enterprises were worth $46,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Farther Finance Advisors LLC boosted its position in shares of Rush Enterprises by 73.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,479 shares of the company’s stock worth $78,000 after purchasing an additional 628 shares during the period. Verdence Capital Advisors LLC boosted its position in shares of Rush Enterprises by 5.0% during the third quarter. Verdence Capital Advisors LLC now owns 7,785 shares of the company’s stock worth $411,000 after buying an additional 370 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Rush Enterprises in the third quarter valued at $421,000. CIBC Asset Management Inc purchased a new stake in shares of Rush Enterprises in the 3rd quarter valued at $214,000. Finally, Natixis Advisors LLC lifted its stake in Rush Enterprises by 17.2% during the 3rd quarter. Natixis Advisors LLC now owns 235,928 shares of the company’s stock worth $12,464,000 after acquiring an additional 34,697 shares in the last quarter. 84.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Rush Enterprises

In other Rush Enterprises 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 trade represents a 20.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jody Pollard sold 11,250 shares of Rush Enterprises stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $56.43, for a total value of $634,837.50. Following the completion of the transaction, the senior vice president now owns 3,117 shares in the company, valued at $175,892.31. This trade represents a 78.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.53% of the company’s stock.

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.

Rush Enterprises Price Performance

Shares of RUSHA opened at $54.61 on Wednesday. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 1.04 and a beta of 1.06. The firm’s fifty day simple moving average is $58.29 and its 200-day simple moving average is $56.47. 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.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.91 EPS 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 return on equity of 14.76% and a net margin of 3.90%. Equities analysts forecast that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Monday, March 3rd. Rush Enterprises’s payout ratio is 19.30%.

Rush Enterprises Company 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.