Tudor Investment Corp ET AL Takes Position in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Tudor Investment Corp ET AL bought a new position in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 10,030 shares of the company's stock, valued at approximately $550,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vaughan Nelson Investment Management L.P. raised its position in Rush Enterprises by 3.1% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,222,719 shares of the company's stock valued at $66,993,000 after purchasing an additional 36,326 shares during the period. Beck Mack & Oliver LLC grew its holdings in Rush Enterprises by 0.5% during the 4th quarter. Beck Mack & Oliver LLC now owns 1,073,567 shares of the company's stock worth $58,821,000 after acquiring an additional 5,823 shares in the last quarter. Global Alpha Capital Management Ltd. lifted its holdings in Rush Enterprises by 2.0% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 789,190 shares of the company's stock worth $43,240,000 after buying an additional 15,200 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Rush Enterprises by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 742,995 shares of the company's stock valued at $40,709,000 after purchasing an additional 26,254 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Rush Enterprises by 0.5% during the 4th quarter. Bank of New York Mellon Corp now owns 624,103 shares of the company's stock worth $34,195,000 after acquiring an additional 3,386 shares in the last quarter. Institutional investors own 84.43% of the company's stock.

Rush Enterprises Price Performance

RUSHA traded down $0.54 during trading on Friday, hitting $48.21. The company's stock had a trading volume of 325,103 shares, compared to its average volume of 374,455. 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 business's fifty day simple moving average is $52.37 and its 200 day simple moving average is $56.65. The firm 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 twelve month low of $40.99 and a twelve month high of $65.43.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.86 billion. Rush Enterprises had a net margin of 3.90% and a return on equity of 14.76%. On average, equities research analysts forecast that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Monday, May 12th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Monday, May 12th. Rush Enterprises's dividend payout ratio (DPR) is 20.11%.

Analyst Ratings Changes

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 report on Friday, May 2nd.

Insider Activity at Rush Enterprises

In other Rush Enterprises news, SVP Jody Pollard sold 11,250 shares of the business's stock in a transaction 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 sale, the senior vice president now directly owns 3,117 shares in the company, valued at approximately $175,892.31. The trade was a 78.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Mcroberts sold 4,000 shares of the business's stock in a transaction dated 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 transaction, the director now directly owns 15,771 shares of the company's stock, valued at $922,918.92. The trade was a 20.23 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.28% of the company's stock.

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.