Sanctuary Advisors LLC Takes $179,000 Position in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Sanctuary Advisors LLC acquired a new position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,274 shares of the company’s stock, valued at approximately $179,000.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position in Rush Enterprises by 3.6% during the 4th quarter. Principal Financial Group Inc. now owns 302,188 shares of the company’s stock worth $16,557,000 after acquiring an additional 10,589 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Rush Enterprises during the fourth quarter worth about $5,760,000. New York State Teachers Retirement System grew its holdings in shares of Rush Enterprises by 10.1% during the fourth quarter. New York State Teachers Retirement System now owns 21,446 shares of the company’s stock worth $1,175,000 after purchasing an additional 1,971 shares during the last quarter. Legato Capital Management LLC increased its stake in shares of Rush Enterprises by 46.0% in the fourth quarter. Legato Capital Management LLC now owns 21,495 shares of the company’s stock valued at $1,178,000 after buying an additional 6,771 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in Rush Enterprises by 724.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 91,683 shares of the company’s stock valued at $5,026,000 after buying an additional 80,562 shares during the last quarter. 84.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Rush Enterprises

In other news, SVP Jody Pollard sold 11,250 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $56.43, for a total value of $634,837.50. Following the transaction, the senior vice president now owns 3,117 shares in the company, valued at $175,892.31. The trade was a 78.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Mcroberts sold 4,000 shares of Rush Enterprises stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $58.52, for a total value of $234,080.00. Following the sale, the director now owns 15,771 shares in the company, valued at $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 insiders.

Rush Enterprises Stock Up 2.5 %

Rush Enterprises stock opened at $56.36 on Thursday. The company has a quick ratio of 0.28, a current ratio of 1.45 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $4.47 billion, a PE ratio of 15.11, a PEG ratio of 1.04 and a beta of 1.02. The firm’s fifty day moving average is $58.24 and its 200 day moving average is $56.37. Rush Enterprises, Inc. has a 12-month low of $40.99 and a 12-month high of $65.43.

Rush Enterprises (NASDAQ:RUSHA) last issued its earnings results on Tuesday, February 18th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.09. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.86 billion. As a group, sell-side analysts predict that Rush Enterprises, Inc. will post 3.91 EPS 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. Stockholders of record on Monday, March 3rd will be issued a $0.18 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.28%. Rush Enterprises’s dividend payout ratio is presently 19.30%.

Analyst Upgrades and Downgrades

Separately, Stephens reiterated an “overweight” rating and issued a $69.00 price target 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.