International Assets Investment Management LLC Buys 17,649 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

International Assets Investment Management LLC raised its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 4,929.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,007 shares of the company's stock after buying an additional 17,649 shares during the quarter. 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 hedge funds also recently bought and sold shares of RUSHA. Nisa Investment Advisors LLC lifted its position in shares of Rush Enterprises by 13.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,590 shares of the company's stock worth $130,000 after purchasing an additional 300 shares in the last quarter. Gladius Capital Management LP lifted its position 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 purchasing an additional 1,007 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Rush Enterprises by 4.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,552 shares of the company's stock worth $1,436,000 after purchasing an additional 1,222 shares in the last quarter. Quantbot Technologies LP lifted its position in shares of Rush Enterprises by 30.2% in the third quarter. Quantbot Technologies LP now owns 6,533 shares of the company's stock worth $267,000 after purchasing an additional 1,515 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its position in shares of Rush Enterprises by 24.3% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 9,450 shares of the company's stock worth $386,000 after purchasing an additional 1,850 shares in the last quarter. 84.43% of the stock is owned by hedge funds and other institutional investors.

Rush Enterprises Stock Performance

RUSHA traded up $0.14 during trading on Friday, reaching $45.96. 291,025 shares of the company's stock were exchanged, compared to its average volume of 370,180. Rush Enterprises, Inc. has a fifty-two week low of $34.53 and a fifty-two week high of $53.78. The company has a quick ratio of 0.28, a current ratio of 1.43 and a debt-to-equity ratio of 0.32. The business has a 50 day moving average price of $48.72 and a 200 day moving average price of $45.47. The company has a market capitalization of $3.58 billion, a P/E ratio of 11.58, a PEG ratio of 1.04 and a beta of 1.07.

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

Rush Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 9th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.48%. Rush Enterprises's dividend payout ratio is 17.19%.

Analysts Set New Price Targets

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

Insider Activity at Rush Enterprises

In related news, SVP Jason Wilder sold 11,250 shares of Rush Enterprises 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 transaction, the senior vice president now directly owns 534 shares of the company's stock, valued at $24,686.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 12.53% of the stock is currently owned by company insiders.

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.