International Assets Investment Management LLC boosted its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 4,929.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,007 shares of the company's stock after acquiring an additional 17,649 shares during the period. International Assets Investment Management LLC's holdings in Rush Enterprises were worth $906,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio boosted its holdings in shares of Rush Enterprises by 49.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 174,267 shares of the company's stock worth $7,115,000 after acquiring an additional 58,050 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Rush Enterprises by 29.0% during the 3rd quarter. Victory Capital Management Inc. now owns 86,916 shares of the company's stock worth $3,549,000 after buying an additional 19,554 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Rush Enterprises during the 3rd quarter worth $957,000. Wellington Management Group LLP lifted its holdings in Rush Enterprises by 49.2% during the 3rd quarter. Wellington Management Group LLP now owns 6,193,077 shares of the company's stock worth $252,863,000 after buying an additional 2,041,125 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Rush Enterprises by 49.0% during the 3rd quarter. Vanguard Group Inc. now owns 6,915,478 shares of the company's stock worth $282,359,000 after buying an additional 2,274,689 shares in the last quarter. 84.43% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on RUSHA. StockNews.com downgraded Rush Enterprises from a "buy" rating to a "hold" rating in a report on Monday, January 1st. Stephens reiterated an "overweight" rating and set a $60.00 target price on shares of Rush Enterprises in a research report on Wednesday.
Read Our Latest Report on RUSHA
Rush Enterprises Trading Down 5.7 %
Shares of Rush Enterprises stock traded down $2.79 on Wednesday, hitting $46.44. 521,047 shares of the company's stock traded hands, compared to its average volume of 378,131. The firm's 50-day moving average price is $49.41 and its two-hundred day moving average price is $44.82. The stock has a market capitalization of $3.62 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 1.12 and a beta of 1.02. Rush Enterprises, Inc. has a one year low of $33.37 and a one year high of $53.78. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.35 and a quick ratio of 0.27.
Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.08. The business had revenue of $1.87 billion during the quarter. Rush Enterprises had a net margin of 4.38% and a return on equity of 18.44%. During the same quarter in the prior year, the company earned $1.07 EPS. On average, research analysts expect that Rush Enterprises, Inc. will post 2.88 EPS for the current fiscal year.
Rush Enterprises Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Tuesday, February 27th were paid 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 dividend yield of 1.46%. Rush Enterprises's dividend payout ratio is 16.41%.
Insider Transactions at Rush Enterprises
In related news, SVP Jody Pollard sold 11,250 shares of the firm's 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 sale, the senior vice president now directly owns 2,777 shares in the company, valued at approximately $134,073.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 17.10% of the company's stock.
About Rush Enterprises
(
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.
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