Allspring Global Investments Holdings LLC Has $5.03 Million Stock Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Allspring Global Investments Holdings LLC boosted its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 724.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 91,683 shares of the company’s stock after buying an additional 80,562 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.12% of Rush Enterprises worth $5,026,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

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

Rush Enterprises Stock Performance

Shares of Rush Enterprises stock opened at $61.99 on Thursday. Rush Enterprises, Inc. has a fifty-two week low of $40.99 and a fifty-two week high of $65.43. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.28. The firm has a market capitalization of $4.90 billion, a P/E ratio of 16.44, a P/E/G ratio of 2.41 and a beta of 1.02. The company’s 50 day moving average price is $58.30 and its two-hundred day moving average price is $55.96.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.09. Rush Enterprises had a return on equity of 15.43% and a net margin of 3.93%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.86 billion. On average, equities analysts forecast that Rush Enterprises, Inc. will post 3.66 earnings per share for the current fiscal year.

Rush Enterprises Announces Dividend

The business also recently announced 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 yield of 1.16%. The ex-dividend date of this dividend is Monday, March 3rd. Rush Enterprises’s payout ratio is presently 19.10%.

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.