Teton Advisors Inc. Trims Stock Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Teton Advisors Inc. reduced its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 46.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,000 shares of the company's stock after selling 23,490 shares during the period. Teton Advisors Inc.'s holdings in Rush Enterprises were worth $1,358,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Gladius Capital Management LP grew its stake in shares of Rush Enterprises by 891.2% in the third quarter. Gladius Capital Management LP now owns 1,120 shares of the company's stock worth $46,000 after acquiring an additional 1,007 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Rush Enterprises by 50.0% during the third quarter. Nisa Investment Advisors LLC now owns 2,290 shares of the company's stock valued at $94,000 after purchasing an additional 763 shares in the last quarter. Bfsg LLC bought a new position in shares of Rush Enterprises during the fourth quarter valued at $135,000. TFO Wealth Partners LLC lifted its holdings in shares of Rush Enterprises by 321,600.0% during the fourth quarter. TFO Wealth Partners LLC now owns 3,217 shares of the company's stock valued at $162,000 after purchasing an additional 3,216 shares in the last quarter. Finally, Essex Savings Bank bought a new position in shares of Rush Enterprises during the fourth quarter valued at $204,000. 84.43% of the stock is owned by hedge funds and other institutional investors.

Rush Enterprises Stock Performance

RUSHA stock traded down $2.40 during trading on Tuesday, reaching $43.92. The stock had a trading volume of 487,912 shares, compared to its average volume of 378,022. Rush Enterprises, Inc. has a 52 week low of $33.37 and a 52 week high of $53.78. The stock's 50 day moving average is $49.34 and its two-hundred day moving average is $44.96. The company has a current ratio of 1.43, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. The firm has a market cap of $3.42 billion, a PE ratio of 11.10, a PEG ratio of 1.07 and a beta of 1.02.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last posted its earnings results on Tuesday, April 23rd. The company reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.08. Rush Enterprises had a return on equity of 17.16% and a net margin of 4.16%. The company had revenue of $1.87 billion for the quarter. During the same period in the prior year, the company posted $1.07 EPS. As a group, equities analysts anticipate that Rush Enterprises, Inc. will post 2.92 earnings per share for the current year.

Rush Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 9th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Wednesday, May 8th. Rush Enterprises's payout ratio is 17.19%.

Insiders Place Their Bets

In other Rush Enterprises news, SVP Jason Wilder sold 11,250 shares of the company's stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $46.23, for a total value of $520,087.50. Following the completion of the sale, the senior vice president now owns 534 shares in the company, valued at $24,686.82. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 12.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently 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 reissued an "overweight" rating and issued a $60.00 target price on shares of Rush Enterprises in a report on Wednesday, April 24th.

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.

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