SG Americas Securities LLC Makes New $1.09 Million Investment in Rush Enterprises, Inc. (NASDAQ:RUSHA)

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

Other hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC increased its stake 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 valued at $46,000 after acquiring an additional 703 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Rush Enterprises by 121.5% during the fourth 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 period. GAMMA Investing LLC boosted its holdings in Rush Enterprises by 29.4% during the first quarter. GAMMA Investing LLC now owns 1,267 shares of the company's stock worth $68,000 after buying an additional 288 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in 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 buying an additional 596 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its holdings 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 buying an additional 1,751 shares in the last quarter. Institutional investors and hedge funds own 84.43% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on RUSHA shares. Stephens reduced their target price on shares of Rush Enterprises from $63.00 to $61.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Wall Street Zen raised shares of Rush Enterprises from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th.

Insider Activity

In related news, COO Jason Wilder sold 748 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $56.08, for a total value of $41,947.84. Following the completion of the sale, the chief operating officer now owns 84,672 shares of the company's stock, valued at approximately $4,748,405.76. The trade was a 0.88% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Michael L. Goldstone sold 4,500 shares of the business's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $52.10, for a total value of $234,450.00. Following the completion of the sale, the senior vice president now directly owns 12,510 shares of the company's stock, valued at approximately $651,771. The trade was a 26.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,731 shares of company stock worth $303,634 in the last ninety days. Corporate insiders own 12.28% of the company's stock.

Rush Enterprises Stock Up 0.4%

NASDAQ:RUSHA traded up $0.18 during trading hours on Friday, hitting $49.46. 1,260,733 shares of the company's stock traded hands, compared to its average volume of 391,754. The stock's fifty day moving average price is $50.42 and its two-hundred day moving average price is $54.61. The firm has a market cap of $3.85 billion, a P/E ratio of 13.82, a P/E/G ratio of 1.40 and a beta of 0.88. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.32 and a current ratio of 1.44. 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 issued its earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.01. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.86 billion. Rush Enterprises had a return on equity of 13.82% and a net margin of 3.76%. On average, 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 was paid on Thursday, June 12th. Shareholders of record on Monday, May 12th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Monday, May 12th. Rush Enterprises's dividend payout ratio (DPR) is currently 20.11%.

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.