Maryland State Retirement & Pension System Acquires Shares of 22,414 Rush Enterprises, Inc. (NASDAQ:RUSHA)

Maryland State Retirement & Pension System purchased a new stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 22,414 shares of the company's stock, valued at approximately $1,127,000.

A number of other hedge funds have also added to or reduced their stakes in RUSHA. Leuthold Group LLC boosted its stake in shares of Rush Enterprises by 9.0% in the 4th quarter. Leuthold Group LLC now owns 64,885 shares of the company's stock worth $3,264,000 after buying an additional 5,376 shares during the last quarter. Amalgamated Bank raised its holdings in shares of Rush Enterprises by 278.9% in the 4th quarter. Amalgamated Bank now owns 23,142 shares of the company's stock worth $1,164,000 after purchasing an additional 17,035 shares during the period. Summit Global Investments bought a new stake in Rush Enterprises during the 4th quarter valued at $1,581,000. Essex Financial Services Inc. bought a new stake in Rush Enterprises during the 4th quarter valued at $204,000. Finally, Oakwell Private Wealth Management LLC bought a new position in Rush Enterprises in the fourth quarter valued at $226,000. Institutional investors and hedge funds own 84.43% of the company's stock.

Rush Enterprises Stock Performance

RUSHA stock traded up $1.34 on Thursday, hitting $46.53. The company had a trading volume of 258,413 shares, compared to its average volume of 377,986. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 11.75, a P/E/G ratio of 1.00 and a beta of 1.07. The stock's 50-day simple moving average is $49.00 and its 200 day simple moving average is $45.12. Rush Enterprises, Inc. has a 12-month low of $34.53 and a 12-month high of $53.78. The company has a current ratio of 1.43, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32.

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

Rush Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 9th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $0.68 dividend on an annualized basis and a yield of 1.46%. Rush Enterprises's payout ratio is 17.17%.

Insider Activity at Rush Enterprises

In other Rush Enterprises news, SVP Jason Wilder sold 11,250 shares of the business's stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $46.23, for a total transaction of $520,087.50. Following the sale, the senior vice president now owns 534 shares of the company's stock, valued at approximately $24,686.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 12.53% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Stephens restated an "overweight" rating and issued a $60.00 price objective on shares of Rush Enterprises in a report on Wednesday, April 24th.

About Rush Enterprises

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.