BNP Paribas Financial Markets Decreases Stake in Rush Enterprises, Inc. (NASDAQ:RUSHA)

BNP Paribas Financial Markets lessened its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 12.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,422 shares of the company's stock after selling 8,596 shares during the period. BNP Paribas Financial Markets owned 0.08% of Rush Enterprises worth $3,311,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RUSHA. Gallagher Fiduciary Advisors LLC grew its position in shares of Rush Enterprises by 18.0% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 5,821 shares of the company's stock worth $319,000 after buying an additional 890 shares in the last quarter. PDT Partners LLC bought a new position in Rush Enterprises during the 4th quarter worth about $1,023,000. Northern Trust Corp grew its holdings in Rush Enterprises by 5.9% during the 4th quarter. Northern Trust Corp now owns 785,283 shares of the company's stock worth $43,026,000 after acquiring an additional 43,437 shares in the last quarter. Tudor Investment Corp ET AL purchased a new position in Rush Enterprises during the 4th quarter valued at about $550,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Rush Enterprises by 121.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the company's stock valued at $62,000 after purchasing an additional 616 shares in the last quarter. Institutional investors own 84.43% of the company's stock.

Insider Transactions at Rush Enterprises

In related news, SVP Michael L. Goldstone sold 4,500 shares of the company's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $52.10, for a total value of $234,450.00. Following the completion of the transaction, the senior vice president now owns 12,510 shares of the company's stock, valued at approximately $651,771. This represents a 26.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jody Pollard sold 11,250 shares of Rush Enterprises stock in a transaction on 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 directly owns 3,117 shares in the company, valued at $175,892.31. This represents a 78.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,981 shares of company stock worth $1,172,552 over the last 90 days. 12.28% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

Rush Enterprises Stock Performance

RUSHA traded down $1.71 on Wednesday, reaching $49.89. 55,520 shares of the stock were exchanged, compared to its average volume of 381,276. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.45 and a quick ratio of 0.28. The company's 50-day moving average price is $51.94 and its 200 day moving average price is $56.43. The firm has a market capitalization of $3.88 billion, a PE ratio of 13.39, a PEG 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.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.01. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.86 billion. As a group, sell-side analysts forecast that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal 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 issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Monday, May 12th. Rush Enterprises's dividend payout ratio (DPR) is currently 20.11%.

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.