Teacher Retirement System of Texas Has $283,000 Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Teacher Retirement System of Texas grew its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 18.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,169 shares of the company’s stock after purchasing an additional 789 shares during the period. Teacher Retirement System of Texas’ holdings in Rush Enterprises were worth $283,000 as of its most recent SEC filing.

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

Rush Enterprises Stock Up 3.8 %

RUSHA opened at $55.44 on Wednesday. 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 of $57.42 and a 200-day moving average of $56.86. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 14.86, a P/E/G ratio of 1.04 and a beta of 1.06. 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 earnings results 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 net margin of 3.90% and a return on equity of 14.76%. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.86 billion. As a group, sell-side analysts anticipate that Rush Enterprises, Inc. will post 3.91 earnings per share for the current year.

Rush Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders 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 dividend yield of 1.30%. The ex-dividend date of this dividend was Monday, March 3rd. Rush Enterprises’s payout ratio is 19.30%.

Insider Activity

In related news, SVP Jody Pollard sold 11,250 shares of the 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 owns 3,117 shares in the company, valued at $175,892.31. This trade represents a 78.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael Mcroberts sold 4,000 shares of the business’s 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 completion of the transaction, the director now owns 15,771 shares in the company, valued at approximately $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 owned by company insiders.

Analysts Set New Price Targets

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

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.