Keeley Teton Advisors LLC Lowers Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Keeley Teton Advisors LLC lessened its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 20.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,271 shares of the company's stock after selling 5,354 shares during the period. Keeley Teton Advisors LLC's holdings in Rush Enterprises were worth $1,165,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Global Alpha Capital Management Ltd. boosted its stake in Rush Enterprises by 2.0% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 789,190 shares of the company's stock worth $43,240,000 after purchasing an additional 15,200 shares in the last quarter. Costello Asset Management INC lifted its stake in shares of Rush Enterprises by 3,793.9% in the fourth quarter. Costello Asset Management INC now owns 42,833 shares of the company's stock worth $2,347,000 after buying an additional 41,733 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of Rush Enterprises by 4.9% during the fourth quarter. Natixis Advisors LLC now owns 247,586 shares of the company's stock valued at $13,566,000 after buying an additional 11,658 shares during the last quarter. EMC Capital Management increased its position in shares of Rush Enterprises by 82.6% during the fourth quarter. EMC Capital Management now owns 9,603 shares of the company's stock valued at $526,000 after acquiring an additional 4,345 shares in the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in Rush Enterprises in the 4th quarter worth approximately $5,760,000. 84.43% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Jody Pollard sold 11,250 shares of Rush Enterprises 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 transaction, the senior vice president now directly owns 3,117 shares of the company's stock, valued at $175,892.31. The trade was a 78.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Mcroberts sold 4,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 15,771 shares of the company's stock, 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. Insiders own 12.53% of the company's stock.

Rush Enterprises Stock Performance

RUSHA traded down $2.03 during midday trading on Monday, hitting $49.74. 321,848 shares of the company traded hands, compared to its average volume of 362,436. The company's 50-day moving average is $54.85 and its 200 day moving average is $56.81. The company has a quick ratio of 0.28, a current ratio of 1.45 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $3.94 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 1.04 and a beta of 0.96. 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 Tuesday, February 18th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.09. The company had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $1.86 billion. Rush Enterprises had a net margin of 3.90% and a return on equity of 14.76%. On average, research analysts expect that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 3rd were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Monday, March 3rd. Rush Enterprises's dividend payout ratio is 19.30%.

Analyst Upgrades and Downgrades

Separately, Stephens reiterated an "overweight" rating and set a $69.00 target price on shares of Rush Enterprises in a research note on Wednesday, February 19th.

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.