Rush Enterprises, Inc. (NASDAQ:RUSHA) Holdings Lowered by Private Management Group Inc.

Private Management Group Inc. trimmed its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 351,488 shares of the company’s stock after selling 4,974 shares during the period. Private Management Group Inc. owned about 0.44% of Rush Enterprises worth $17,680,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of RUSHA. Public Employees Retirement System of Ohio lifted its stake in Rush Enterprises by 49.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 174,267 shares of the company’s stock worth $7,115,000 after acquiring an additional 58,050 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Rush Enterprises by 29.0% in the 3rd quarter. Victory Capital Management Inc. now owns 86,916 shares of the company’s stock worth $3,549,000 after acquiring an additional 19,554 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Rush Enterprises in the 3rd quarter worth about $957,000. Wellington Management Group LLP increased its position in Rush Enterprises by 49.2% in the 3rd quarter. Wellington Management Group LLP now owns 6,193,077 shares of the company’s stock worth $252,863,000 after purchasing an additional 2,041,125 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Rush Enterprises by 49.0% in the 3rd quarter. Vanguard Group Inc. now owns 6,915,478 shares of the company’s stock worth $282,359,000 after purchasing an additional 2,274,689 shares during the last quarter. 84.43% of the stock is owned by hedge funds and other institutional investors.

Rush Enterprises Price Performance

Shares of Rush Enterprises stock traded up $0.94 during midday trading on Tuesday, hitting $49.23. 250,385 shares of the company were exchanged, compared to its average volume of 376,300. The firm has a 50 day simple moving average of $49.42 and a 200-day simple moving average of $44.81. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.35 and a quick ratio of 0.27. Rush Enterprises, Inc. has a 52 week low of $33.37 and a 52 week high of $53.78. The firm has a market cap of $3.83 billion, a P/E ratio of 11.89, a PEG ratio of 1.13 and a beta of 1.02.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.11. Rush Enterprises had a return on equity of 18.44% and a net margin of 4.38%. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the company posted $1.16 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Research analysts forecast that Rush Enterprises, Inc. will post 2.88 earnings per share for the current year.

Rush Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Tuesday, February 27th were paid a $0.17 dividend. The ex-dividend date was Monday, February 26th. This represents a $0.68 annualized dividend and a dividend yield of 1.38%. Rush Enterprises’s dividend payout ratio (DPR) is currently 16.43%.

Insider Activity

In other news, SVP Jody Pollard sold 11,250 shares of Rush Enterprises stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $48.28, for a total value of $543,150.00. Following the completion of the sale, the senior vice president now directly owns 2,777 shares of the company’s stock, valued at approximately $134,073.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 17.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on RUSHA. StockNews.com lowered Rush Enterprises from a “buy” rating to a “hold” rating in a report on Monday, January 1st. Stephens reaffirmed an “overweight” rating and issued a $58.00 target price on shares of Rush Enterprises in a report on Wednesday, February 14th.

Rush Enterprises Company 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.