Horizon Investments LLC Invests $1.71 Million in Rush Enterprises, Inc. $RUSHA

Key Points

• Horizon Investments LLC opened a new position of 31,715 shares (≈$1.71M) in Rush Enterprises during Q4; institutional investors now hold 84.43% of the stock.
• Company insiders sold a total of 41,750 shares (~$2.93M) in the last quarter — including SVP Jody Pollard and Director Michael McRoberts — and insiders currently own 12.68% of the shares.
• Rush declared a quarterly dividend of $0.19 per share (annualized $0.76, yield 1.1%, ex-dividend May 12) and reported Q1 EPS of $0.77 (beat), though revenue missed estimates; analysts' consensus is a Hold with an average price target of $83.67.

Horizon Investments LLC acquired a new position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 31,715 shares of the company's stock, valued at approximately $1,711,000.

Several other institutional investors also recently modified their holdings of the company. California State Teachers Retirement System increased its stake in shares of Rush Enterprises by 0.4% during the 2nd quarter. California State Teachers Retirement System now owns 57,375 shares of the company's stock worth $2,955,000 after purchasing an additional 208 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in Rush Enterprises by 8.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,969 shares of the company's stock valued at $159,000 after buying an additional 219 shares during the last quarter. State of Alaska Department of Revenue grew its stake in Rush Enterprises by 0.7% in the 4th quarter. State of Alaska Department of Revenue now owns 35,188 shares of the company's stock valued at $1,897,000 after buying an additional 251 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in Rush Enterprises by 0.3% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 87,139 shares of the company's stock valued at $4,489,000 after buying an additional 269 shares during the last quarter. Finally, Johnson Investment Counsel Inc. grew its stake in Rush Enterprises by 0.5% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 59,185 shares of the company's stock valued at $3,165,000 after buying an additional 291 shares during the last quarter. 84.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Rush Enterprises

In other Rush Enterprises news, SVP Jody Pollard sold 11,250 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $71.92, for a total transaction of $809,100.00. Following the transaction, the senior vice president owned 3,385 shares in the company, valued at $243,449.20. This represents a 76.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Mcroberts sold 8,000 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $72.23, for a total transaction of $577,840.00. Following the transaction, the director owned 16,229 shares in the company, valued at approximately $1,172,220.67. The trade was a 33.02% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 41,750 shares of company stock worth $2,927,290. 12.68% of the stock is currently owned by company insiders.

Rush Enterprises Stock Performance

Shares of NASDAQ:RUSHA opened at $70.92 on Wednesday. The company's 50 day moving average price is $68.91 and its two-hundred day moving average price is $61.37. Rush Enterprises, Inc. has a 12-month low of $45.67 and a 12-month high of $76.99. The firm has a market cap of $5.46 billion, a PE ratio of 21.43, a PEG ratio of 1.51 and a beta of 0.93. The company has a quick ratio of 0.37, a current ratio of 1.46 and a debt-to-equity ratio of 0.16.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last announced its earnings results on Tuesday, April 28th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.05. Rush Enterprises had a net margin of 3.65% and a return on equity of 11.87%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.73 billion. Equities research analysts predict that Rush Enterprises, Inc. will post 3.79 earnings per share for the current year.

Rush Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 12th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, May 12th. Rush Enterprises's dividend payout ratio is presently 22.96%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on RUSHA shares. Wall Street Zen lowered shares of Rush Enterprises from a "buy" rating to a "hold" rating in a research note on Saturday, March 28th. Weiss Ratings upgraded shares of Rush Enterprises from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, March 25th. UBS Group upped their price target on shares of Rush Enterprises from $73.00 to $78.00 and gave the company a "neutral" rating in a research note on Wednesday, April 29th. Wolfe Research started coverage on shares of Rush Enterprises in a research note on Monday, April 27th. They issued an "outperform" rating and a $88.00 price target on the stock. Finally, Zacks Research lowered shares of Rush Enterprises from a "hold" rating to a "strong sell" rating in a research note on Tuesday, April 21st. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $83.67.

Rush Enterprises Profile

Rush Enterprises, Inc, headquartered in New Braunfels, Texas, is a leading distributor of commercial vehicles and related products in the United States. Through its Rush Truck Centers subsidiary, the company sells new and used medium- and heavy-duty trucks, buses and specialty vehicles, while also offering factory-authorized parts, collision repair, maintenance and warranty support across its network of dealerships.

Founded in 1965, Rush Enterprises has grown to encompass more than 150 locations in over 20 states, partnering with major manufacturers including Kenworth, Peterbilt, Freightliner, Volvo and Mack.

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