Algert Global LLC Reduces Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Algert Global LLC lessened its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 11.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 140,771 shares of the company's stock after selling 18,839 shares during the period. Algert Global LLC owned approximately 0.18% of Rush Enterprises worth $7,713,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in RUSHA. Jennison Associates LLC lifted its holdings in shares of Rush Enterprises by 1,398.4% in the fourth quarter. Jennison Associates LLC now owns 509,380 shares of the company's stock worth $27,909,000 after acquiring an additional 475,384 shares during the last quarter. Proficio Capital Partners LLC boosted its position in Rush Enterprises by 5,379.0% in the fourth quarter. Proficio Capital Partners LLC now owns 334,822 shares of the company's stock valued at $18,345,000 after buying an additional 328,711 shares in the last quarter. Norges Bank bought a new stake in shares of Rush Enterprises during the fourth quarter worth $10,127,000. Raymond James Financial Inc. acquired a new position in shares of Rush Enterprises during the fourth quarter worth $9,822,000. Finally, Segall Bryant & Hamill LLC lifted its stake in shares of Rush Enterprises by 35.0% in the 4th quarter. Segall Bryant & Hamill LLC now owns 468,855 shares of the company's stock valued at $25,689,000 after acquiring an additional 121,577 shares during the last quarter. Institutional investors and hedge funds own 84.43% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Stephens reduced their target price on shares of Rush Enterprises from $63.00 to $61.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd.

Rush Enterprises Stock Down 1.1 %

Rush Enterprises stock traded down $0.54 during mid-day trading on Friday, reaching $48.21. The stock had a trading volume of 325,103 shares, compared to its average volume of 374,455. The firm has a market capitalization of $3.82 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 1.04 and a beta of 0.94. Rush Enterprises, Inc. has a fifty-two week low of $40.99 and a fifty-two week high of $65.43. The stock's 50-day simple moving average is $52.37 and its 200-day simple moving average is $56.62. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.45.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last posted 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. Rush Enterprises had a net margin of 3.90% and a return on equity of 14.76%. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.86 billion. On average, sell-side analysts forecast that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Monday, May 12th will be given a $0.18 dividend. The ex-dividend date is Monday, May 12th. This represents a $0.72 annualized dividend and a yield of 1.49%. Rush Enterprises's payout ratio is 20.11%.

Insider Buying and Selling at Rush Enterprises

In other Rush Enterprises news, Director Michael Mcroberts sold 4,000 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $58.52, for a total value of $234,080.00. Following the completion of the sale, the director now owns 15,771 shares in the company, valued at approximately $922,918.92. This trade represents a 20.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Jody Pollard sold 11,250 shares of Rush Enterprises stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $56.43, for a total transaction of $634,837.50. Following the transaction, the senior vice president now directly owns 3,117 shares in the company, valued at approximately $175,892.31. This represents a 78.30 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.28% of the company's stock.

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.