Peregrine Capital Management LLC lowered its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 33.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 176,698 shares of the company's stock after selling 87,678 shares during the quarter. Peregrine Capital Management LLC owned 0.22% of Rush Enterprises worth $8,888,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Rush Enterprises by 49.0% during the third quarter. Vanguard Group Inc. now owns 6,915,478 shares of the company's stock worth $282,359,000 after purchasing an additional 2,274,689 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Rush Enterprises by 49.2% during the third quarter. Wellington Management Group LLP now owns 6,193,077 shares of the company's stock worth $252,863,000 after purchasing an additional 2,041,125 shares in the last quarter. FMR LLC grew its stake in shares of Rush Enterprises by 51.7% during the third quarter. FMR LLC now owns 3,581,306 shares of the company's stock worth $146,225,000 after purchasing an additional 1,220,003 shares in the last quarter. BlackRock Inc. grew its stake in shares of Rush Enterprises by 25.0% during the third quarter. BlackRock Inc. now owns 5,016,778 shares of the company's stock worth $220,037,000 after purchasing an additional 1,002,869 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Rush Enterprises by 41.7% during the third quarter. JPMorgan Chase & Co. now owns 2,531,048 shares of the company's stock worth $103,343,000 after purchasing an additional 744,310 shares in the last quarter. Hedge funds and other institutional investors own 84.43% of the company's stock.
Rush Enterprises Stock Performance
Shares of RUSHA traded down $1.21 during mid-day trading on Wednesday, hitting $51.14. 255,835 shares of the company's stock were exchanged, compared to its average volume of 391,638. The firm has a market capitalization of $3.98 billion, a P/E ratio of 12.34, a P/E/G ratio of 1.10 and a beta of 1.02. Rush Enterprises, Inc. has a fifty-two week low of $33.37 and a fifty-two week high of $53.78. The business's 50 day moving average is $48.96 and its two-hundred day moving average is $44.25. The company has a current ratio of 1.35, a quick ratio of 0.27 and a debt-to-equity ratio of 0.27.
Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.11. The firm had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $1.88 billion. Rush Enterprises had a net margin of 4.38% and a return on equity of 18.44%. The firm's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.16 earnings per share. On average, equities analysts expect that Rush Enterprises, Inc. will post 3.19 earnings per share for the current year.
Rush Enterprises Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Tuesday, February 27th were issued a $0.17 dividend. The ex-dividend date was Monday, February 26th. This represents a $0.68 dividend on an annualized basis and a yield of 1.33%. Rush Enterprises's dividend payout ratio (DPR) is presently 16.41%.
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 dated Thursday, February 15th. The shares were sold at an average price of $48.28, for a total value of $543,150.00. Following the completion of the transaction, 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 is available at this link. 17.10% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
RUSHA has been the subject of several research analyst reports. Stephens restated an "overweight" rating and issued a $58.00 price objective on shares of Rush Enterprises in a research note on Wednesday, February 14th. StockNews.com downgraded shares of Rush Enterprises from a "buy" rating to a "hold" rating in a research note on Monday, January 1st.
View Our Latest Stock Analysis on RUSHA
Rush Enterprises Profile
(
Free Report)
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.
See Also
Before you consider Rush Enterprises, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rush Enterprises wasn't on the list.
While Rush Enterprises currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
