20,803 Shares in Rush Enterprises, Inc. (NASDAQ:RUSHA) Acquired by SG Americas Securities LLC

SG Americas Securities LLC bought a new position in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 20,803 shares of the company's stock, valued at approximately $1,046,000.

A number of other large investors also recently added to or reduced their stakes in RUSHA. Public Employees Retirement System of Ohio increased its position in shares of Rush Enterprises by 49.9% in the third quarter. Public Employees Retirement System of Ohio now owns 174,267 shares of the company's stock valued at $7,115,000 after acquiring an additional 58,050 shares during the period. Victory Capital Management Inc. increased its position in shares of Rush Enterprises by 29.0% in the third quarter. Victory Capital Management Inc. now owns 86,916 shares of the company's stock valued at $3,549,000 after acquiring an additional 19,554 shares during the period. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Rush Enterprises in the third quarter valued at about $957,000. Wellington Management Group LLP increased its position in shares of Rush Enterprises by 49.2% in the third quarter. Wellington Management Group LLP now owns 6,193,077 shares of the company's stock valued at $252,863,000 after acquiring an additional 2,041,125 shares during the period. Finally, Corbyn Investment Management Inc. MD boosted its stake in shares of Rush Enterprises by 47.9% during the 3rd quarter. Corbyn Investment Management Inc. MD now owns 29,142 shares of the company's stock valued at $1,190,000 after purchasing an additional 9,438 shares in the last quarter. Hedge funds and other institutional investors own 84.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Stephens reaffirmed an "overweight" rating and set a $58.00 target price on shares of Rush Enterprises in a research note on Wednesday, February 14th. StockNews.com lowered shares of Rush Enterprises from a "buy" rating to a "hold" rating in a research note on Monday, January 1st.

Insider Buying and Selling at Rush Enterprises

In other Rush Enterprises news, SVP Jody Pollard sold 11,250 shares of the company's stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $48.28, for a total transaction of $543,150.00. Following the completion of the sale, the senior vice president now directly owns 2,777 shares of the company's stock, valued at $134,073.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 17.10% of the stock is owned by corporate insiders.

Rush Enterprises Stock Up 1.0 %

Rush Enterprises stock traded up $0.53 during trading hours on Friday, hitting $53.52. The stock had a trading volume of 276,740 shares, compared to its average volume of 340,553. The company has a quick ratio of 0.27, a current ratio of 1.35 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $4.17 billion, a P/E ratio of 12.92, a price-to-earnings-growth ratio of 1.25 and a beta of 1.01. Rush Enterprises, Inc. has a 12-month low of $33.37 and a 12-month high of $53.72. The stock's 50-day moving average price is $47.91 and its 200-day moving average price is $43.61.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.11. Rush Enterprises had a net margin of 4.38% and a return on equity of 18.44%. The firm had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $1.88 billion. During the same period in the previous year, the company earned $1.16 earnings per share. The firm's quarterly revenue was up 7.8% on a year-over-year basis. Equities research analysts anticipate that Rush Enterprises, Inc. will post 2.85 EPS for the current fiscal year.

Rush Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Tuesday, February 27th were issued a dividend of $0.17 per share. The ex-dividend date was Monday, February 26th. This represents a $0.68 dividend on an annualized basis and a yield of 1.27%. Rush Enterprises's dividend payout ratio is currently 16.41%.

Rush Enterprises 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.