Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC boosted its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 4.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 247,586 shares of the company’s stock after acquiring an additional 11,658 shares during the quarter. Natixis Advisors LLC’s holdings in Rush Enterprises were worth $13,566,000 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. Smartleaf Asset Management LLC grew its position in shares of Rush Enterprises by 475.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 851 shares of the company’s stock worth $46,000 after buying an additional 703 shares in the last quarter. GAMMA Investing LLC boosted its stake in Rush Enterprises by 24.4% during the 4th quarter. GAMMA Investing LLC now owns 979 shares of the company’s stock valued at $54,000 after acquiring an additional 192 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Rush Enterprises during the 3rd quarter worth $64,000. PNC Financial Services Group Inc. increased its position in shares of Rush Enterprises by 71.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,435 shares of the company’s stock worth $79,000 after purchasing an additional 596 shares during the last quarter. Finally, Quarry LP lifted its position in shares of Rush Enterprises by 86.0% during the third quarter. Quarry LP now owns 1,605 shares of the company’s stock worth $85,000 after purchasing an additional 742 shares during the last quarter. 84.43% of the stock is owned by hedge funds and other institutional investors.

Rush Enterprises Stock Performance

Rush Enterprises stock opened at $54.54 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.45 and a quick ratio of 0.28. Rush Enterprises, Inc. has a 12 month low of $40.99 and a 12 month high of $65.43. The company has a fifty day moving average price of $58.07 and a two-hundred day moving average price of $56.48. The company has a market cap of $4.32 billion, a PE ratio of 14.62, a P/E/G ratio of 1.04 and a beta of 1.06.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.09. Rush Enterprises had a net margin of 3.90% and a return on equity of 14.76%. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.86 billion. Research analysts expect that Rush Enterprises, Inc. will post 3.91 earnings per share for the current year.

Rush Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 3rd were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Monday, March 3rd. Rush Enterprises’s dividend payout ratio (DPR) is 19.30%.

Analyst Ratings Changes

Separately, Stephens reissued an “overweight” rating and issued a $69.00 price objective on shares of Rush Enterprises in a report on Wednesday, February 19th.

Insider Buying and Selling at Rush Enterprises

In other news, SVP Jody Pollard sold 11,250 shares of the stock in a transaction 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 completion of the transaction, the senior vice president now owns 3,117 shares of the company’s stock, valued at approximately $175,892.31. This represents a 78.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael Mcroberts sold 4,000 shares of Rush Enterprises 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 sale, the director now owns 15,771 shares in the company, valued at approximately $922,918.92. This represents a 20.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.53% of the stock is currently owned by company insiders.

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.