Ameriprise Financial Inc. Sells 15,437 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Ameriprise Financial Inc. lowered its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 306,715 shares of the company's stock after selling 15,437 shares during the period. Ameriprise Financial Inc. owned approximately 0.39% of Rush Enterprises worth $16,805,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Global Alpha Capital Management Ltd. boosted its holdings in Rush Enterprises by 2.0% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 789,190 shares of the company's stock worth $43,240,000 after purchasing an additional 15,200 shares during the last quarter. Costello Asset Management INC boosted its stake in shares of Rush Enterprises by 3,793.9% in the 4th quarter. Costello Asset Management INC now owns 42,833 shares of the company's stock worth $2,347,000 after buying an additional 41,733 shares during the last quarter. Natixis Advisors LLC boosted its stake in shares of Rush Enterprises by 4.9% in the 4th quarter. Natixis Advisors LLC now owns 247,586 shares of the company's stock worth $13,566,000 after buying an additional 11,658 shares during the last quarter. EMC Capital Management grew its holdings in shares of Rush Enterprises by 82.6% in the fourth quarter. EMC Capital Management now owns 9,603 shares of the company's stock worth $526,000 after acquiring an additional 4,345 shares during the period. Finally, Strategic Financial Concepts LLC purchased a new stake in Rush Enterprises during the fourth quarter valued at $5,760,000. Institutional investors own 84.43% of the company's stock.

Analyst Ratings Changes

Separately, Stephens dropped their target price on Rush Enterprises from $63.00 to $61.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd.

Rush Enterprises Stock Performance

NASDAQ RUSHA traded down $0.39 during trading hours on Tuesday, hitting $51.59. 695,388 shares of the company's stock traded hands, compared to its average volume of 382,032. Rush Enterprises, Inc. has a 52 week low of $40.99 and a 52 week high of $65.43. The business's fifty day moving average price is $51.95 and its two-hundred day moving average price is $56.46. The firm has a market capitalization of $4.09 billion, a P/E ratio of 13.83, a P/E/G ratio of 1.04 and a beta of 0.94. 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 - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.01. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. The business had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.86 billion. Equities research analysts predict that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Monday, May 12th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Monday, May 12th. Rush Enterprises's dividend payout ratio (DPR) is 20.11%.

Insider Buying and Selling

In other news, Director Michael Mcroberts sold 4,000 shares of the company's 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jody Pollard sold 11,250 shares of the 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 transaction, the senior vice president now owns 3,117 shares of the company's stock, valued at $175,892.31. This represents a 78.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.28% of the stock is currently owned by insiders.

Rush Enterprises 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.