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

Beverly Hills Private Wealth LLC trimmed its position in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 52.2% in the fourth quarter, according to its most recent filing with the SEC. The fund 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 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Barclays PLC grew its position in shares of Rush Enterprises by 217.5% in the 3rd quarter. Barclays PLC now owns 114,759 shares of the company's stock valued at $6,063,000 after buying an additional 78,616 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Rush Enterprises in the third quarter worth approximately $64,000. Synovus Financial Corp boosted its holdings in Rush Enterprises by 16.6% in the third quarter. Synovus Financial Corp now owns 16,239 shares of the company's stock valued at $858,000 after acquiring an additional 2,311 shares during the last quarter. GAMMA Investing LLC increased its position 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 purchasing an additional 192 shares during the period. Finally, Oliver Luxxe Assets LLC bought a new position in Rush Enterprises during the 4th quarter worth approximately $1,567,000. Institutional investors and hedge funds own 84.43% of the company's stock.

Insiders Place Their Bets

In other news, Director Michael Mcroberts sold 4,000 shares of Rush Enterprises stock in a transaction dated Thursday, February 20th. The shares were 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 trade represents a 20.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jody Pollard sold 11,250 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $56.43, for a total transaction of $634,837.50. Following the sale, the senior vice president now directly owns 3,117 shares of the company's stock, valued at approximately $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. Corporate insiders own 12.28% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Stephens reduced their price objective on shares of Rush Enterprises from $63.00 to $61.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd.

Rush Enterprises Trading Down 1.1 %

Shares of RUSHA stock traded down $0.54 during mid-day trading on Friday, hitting $48.21. The company's stock had a trading volume of 325,103 shares, compared to its average volume of 374,455. The company has a market cap of $3.82 billion, a PE ratio of 12.92, a P/E/G ratio of 1.04 and a beta of 0.94. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.45. The company's fifty day simple moving average is $52.37 and its 200-day simple moving average is $56.62. Rush Enterprises, Inc. has a 52 week low of $40.99 and a 52 week high of $65.43.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.01. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.86 billion. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. As a group, equities research analysts expect that Rush Enterprises, Inc. will post 3.91 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 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 annualized dividend and a yield of 1.49%. The ex-dividend date is Monday, May 12th. Rush Enterprises's dividend payout ratio is presently 20.11%.

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.