Beverly Hills Private Wealth LLC Trims Stake in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Beverly Hills Private Wealth LLC cut its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 52.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,896 shares of the company's stock after selling 12,991 shares during the period. Beverly Hills Private Wealth LLC's holdings in Rush Enterprises were worth $652,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in shares of Rush Enterprises by 475.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 851 shares of the company's stock worth $46,000 after purchasing an additional 703 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Rush Enterprises by 24.4% during the 4th quarter. GAMMA Investing LLC now owns 979 shares of the company's stock valued at $54,000 after buying an additional 192 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Rush Enterprises by 121.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the company's stock valued at $62,000 after buying an additional 616 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Rush Enterprises in the 3rd quarter worth about $64,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Rush Enterprises by 71.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,435 shares of the company's stock worth $79,000 after acquiring an additional 596 shares during the period. 84.43% of the stock is owned by hedge funds and other institutional investors.

Rush Enterprises Stock Performance

Shares of Rush Enterprises stock opened at $50.55 on Monday. The company has a current ratio of 1.45, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The stock's fifty day moving average price is $53.27 and its 200-day moving average price is $56.79. The firm has a market cap of $4.01 billion, a P/E ratio of 13.55, a P/E/G ratio of 1.04 and a beta of 0.96. Rush Enterprises, Inc. has a 12 month low of $40.99 and a 12 month high of $65.43.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.01. Rush Enterprises had a net margin of 3.90% and a return on equity of 14.76%. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.86 billion. On average, equities research analysts expect that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Monday, May 12th will be issued a dividend of $0.18 per share. The ex-dividend date is Monday, May 12th. This represents a $0.72 dividend on an annualized basis and a yield of 1.42%. Rush Enterprises's dividend payout ratio is currently 20.11%.

Insiders Place Their Bets

In related news, 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 transaction of $634,837.50. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 transaction of $234,080.00. Following the completion of the transaction, the director now directly owns 15,771 shares in the company, valued at $922,918.92. This represents a 20.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.28% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, Stephens lowered their price target on Rush Enterprises from $63.00 to $61.00 and set an "overweight" rating for the company in a report on Friday.

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.

Want to see what other hedge funds are holding RUSHA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.