Victory Capital Management Inc. Acquires 5,581 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Victory Capital Management Inc. boosted its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 4.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 128,460 shares of the company’s stock after acquiring an additional 5,581 shares during the quarter. Victory Capital Management Inc. owned 0.16% of Rush Enterprises worth $7,038,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in shares of Rush Enterprises by 24.4% in the 4th quarter. GAMMA Investing LLC now owns 979 shares of the company’s stock worth $54,000 after purchasing an additional 192 shares during the period. Louisiana State Employees Retirement System grew its stake in Rush Enterprises by 0.7% in the 4th quarter. Louisiana State Employees Retirement System now owns 30,100 shares of the company’s stock valued at $1,649,000 after buying an additional 200 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in Rush Enterprises by 1.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 32,516 shares of the company’s stock valued at $1,782,000 after buying an additional 345 shares in the last quarter. QRG Capital Management Inc. grew its stake in Rush Enterprises by 4.3% in the 4th quarter. QRG Capital Management Inc. now owns 14,142 shares of the company’s stock valued at $775,000 after buying an additional 578 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in Rush Enterprises by 475.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 851 shares of the company’s stock valued at $46,000 after buying an additional 703 shares in the last quarter. Institutional investors own 84.43% of the company’s stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, Director Michael Mcroberts sold 4,000 shares of the stock in a transaction on 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 sale, the director now directly owns 15,771 shares of the company’s stock, valued at $922,918.92. This represents a 20.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jody Pollard sold 11,250 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $56.43, for a total transaction of $634,837.50. Following the transaction, the senior vice president now directly owns 3,117 shares of the company’s stock, valued at $175,892.31. The trade was 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.

Rush Enterprises Price Performance

Shares of RUSHA opened at $53.60 on Friday. The stock has a market cap of $4.25 billion, a PE ratio of 14.37, a price-to-earnings-growth ratio of 1.04 and a beta of 1.06. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.45. Rush Enterprises, Inc. has a fifty-two week low of $40.99 and a fifty-two week high of $65.43. The firm’s 50-day simple moving average is $58.18 and its two-hundred day simple moving average is $56.42.

Rush Enterprises (NASDAQ:RUSHA) last posted 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 net margin of 3.90% and a return on equity of 14.76%. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Analysts anticipate that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 3rd will be given a $0.18 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.72 annualized dividend and a yield of 1.34%. Rush Enterprises’s payout ratio is presently 19.30%.

About Rush Enterprises

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.