20,347 Shares in Rush Enterprises, Inc. (NASDAQ:RUSHA) Acquired by SG Americas Securities LLC

SG Americas Securities LLC bought a new stake in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,347 shares of the company's stock, valued at approximately $1,087,000.

Other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in Rush Enterprises by 475.0% during the fourth 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. Tower Research Capital LLC TRC increased its holdings in shares of Rush Enterprises by 121.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the company's stock valued at $62,000 after acquiring an additional 616 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Rush Enterprises by 29.4% in the 1st quarter. GAMMA Investing LLC now owns 1,267 shares of the company's stock valued at $68,000 after acquiring an additional 288 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Rush Enterprises by 71.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,435 shares of the company's stock worth $79,000 after purchasing an additional 596 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its position in Rush Enterprises by 833.8% during the fourth quarter. Sterling Capital Management LLC now owns 1,961 shares of the company's stock worth $107,000 after purchasing an additional 1,751 shares during the period. 84.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on RUSHA shares. Wall Street Zen raised shares of Rush Enterprises from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Stephens lowered their target price 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 Stock Performance

RUSHA traded up $0.24 during midday trading on Friday, reaching $49.52. The company's stock had a trading volume of 217,846 shares, compared to its average volume of 387,947. The company has a current ratio of 1.44, a quick ratio of 0.32 and a debt-to-equity ratio of 0.22. The company has a fifty day simple moving average of $50.49 and a 200 day simple moving average of $54.74. The stock has a market cap of $3.85 billion, a P/E ratio of 13.84, a PEG ratio of 1.39 and a beta of 0.88. Rush Enterprises, Inc. has a twelve month low of $40.99 and a twelve month high of $65.43.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.86 billion. Rush Enterprises had a net margin of 3.76% and a return on equity of 13.82%. Research analysts expect that Rush Enterprises, Inc. will post 3.91 earnings per share for the current year.

Rush Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Monday, May 12th were issued a dividend of $0.18 per share. The ex-dividend date was Monday, May 12th. This represents a $0.72 annualized dividend and a dividend yield of 1.45%. Rush Enterprises's payout ratio is 20.11%.

Insider Activity

In other news, SVP Michael L. Goldstone sold 4,500 shares of the firm's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $52.10, for a total transaction of $234,450.00. Following the completion of the transaction, the senior vice president now directly owns 12,510 shares of the company's stock, valued at approximately $651,771. This trade represents a 26.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jason Wilder sold 483 shares of Rush Enterprises stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $56.39, for a total transaction of $27,236.37. Following the sale, the chief operating officer now owns 85,420 shares in the company, valued at approximately $4,816,833.80. This trade represents a 0.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,731 shares of company stock valued at $303,634. Insiders own 12.28% of the company's stock.

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.