Occudo Quantitative Strategies LP Has $388,000 Stock Position in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Occudo Quantitative Strategies LP lessened its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 69.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,088 shares of the company's stock after selling 15,781 shares during the quarter. Occudo Quantitative Strategies LP's holdings in Rush Enterprises were worth $388,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Barclays PLC grew its position in shares of Rush Enterprises by 217.5% during the 3rd quarter. Barclays PLC now owns 114,759 shares of the company's stock worth $6,063,000 after buying an additional 78,616 shares during the period. Inspire Investing LLC grew its holdings in Rush Enterprises by 181.1% during the fourth quarter. Inspire Investing LLC now owns 21,960 shares of the company's stock valued at $1,203,000 after purchasing an additional 14,149 shares during the period. Oliver Luxxe Assets LLC bought a new stake in Rush Enterprises in the fourth quarter valued at approximately $1,567,000. Nilsine Partners LLC raised its holdings in Rush Enterprises by 3.3% in the fourth quarter. Nilsine Partners LLC now owns 47,624 shares of the company's stock worth $2,609,000 after purchasing an additional 1,524 shares during the period. Finally, EMC Capital Management boosted its position in shares of Rush Enterprises by 82.6% during the fourth quarter. EMC Capital Management now owns 9,603 shares of the company's stock worth $526,000 after purchasing an additional 4,345 shares in the last quarter. Institutional investors and hedge funds own 84.43% of the company's stock.

Insider Transactions at Rush Enterprises

In other news, COO Jason Wilder sold 748 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $56.08, for a total value of $41,947.84. Following the sale, the chief operating officer now directly owns 84,672 shares of the company's stock, valued at approximately $4,748,405.76. This represents a 0.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jody Pollard sold 11,250 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $56.43, for a total transaction of $634,837.50. Following the completion of the sale, the senior vice president now owns 3,117 shares of the company's stock, valued at $175,892.31. This trade represents a 78.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,981 shares of company stock worth $1,172,552 in the last three months. Insiders own 12.28% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Stephens lowered their target price on Rush Enterprises from $63.00 to $61.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd.

Rush Enterprises Stock Down 2.1%

RUSHA traded down $1.06 during trading on Wednesday, hitting $50.53. The company had a trading volume of 119,648 shares, compared to its average volume of 381,519. The company has a market capitalization of $3.93 billion, a PE ratio of 13.55, a PEG ratio of 1.04 and a beta of 0.94. The company has a quick ratio of 0.28, a current ratio of 1.45 and a debt-to-equity ratio of 0.23. Rush Enterprises, Inc. has a one year low of $40.99 and a one year high of $65.43. The firm's 50-day moving average price is $51.94 and its 200 day moving average price is $56.43.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.86 billion. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. As a group, equities analysts expect that Rush Enterprises, Inc. will post 3.91 earnings per share for the current year.

Rush Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Monday, May 12th will be paid a dividend of $0.18 per share. The ex-dividend date is Monday, May 12th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.42%. Rush Enterprises's dividend payout ratio is 20.11%.

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.