Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Sold by Forager Capital Management LLC

Forager Capital Management LLC trimmed its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 64.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 159,822 shares of the company's stock after selling 288,267 shares during the quarter. Rush Enterprises accounts for about 3.7% of Forager Capital Management LLC's portfolio, making the stock its 11th biggest holding. Forager Capital Management LLC owned 0.20% of Rush Enterprises worth $8,757,000 as of its most recent SEC filing.

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

Insider Transactions at Rush Enterprises

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

Rush Enterprises Stock Performance

Shares of RUSHA stock opened at $48.21 on Friday. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 12.92, a P/E/G ratio of 1.04 and a beta of 0.94. Rush Enterprises, Inc. has a 1-year low of $40.99 and a 1-year high of $65.43. The company has a current ratio of 1.45, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The stock's fifty day simple moving average is $52.37 and its 200-day simple moving average is $56.60.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share for the quarter, beating 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 company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.86 billion. On average, sell-side analysts predict that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Announces Dividend

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

Analysts Set New Price Targets

Separately, Stephens decreased their price objective on shares of 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 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.

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