Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Acquired by Legal & General Group Plc

Legal & General Group Plc lifted its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 0.6% during the fourth quarter, Holdings Channel reports. The fund owned 178,020 shares of the company’s stock after buying an additional 1,123 shares during the quarter. Legal & General Group Plc’s holdings in Rush Enterprises were worth $9,754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC increased its holdings in shares of Rush Enterprises by 1.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 11,183 shares of the company’s stock valued at $613,000 after purchasing an additional 186 shares in the last quarter. GAMMA Investing LLC grew its position in Rush Enterprises by 24.4% during the fourth quarter. GAMMA Investing LLC now owns 979 shares of the company’s stock valued at $54,000 after buying an additional 192 shares during the period. Louisiana State Employees Retirement System increased its holdings in Rush Enterprises by 0.7% in the fourth quarter. Louisiana State Employees Retirement System now owns 30,100 shares of the company’s stock valued at $1,649,000 after buying an additional 200 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Rush Enterprises by 1.1% in the fourth quarter. Harbor Capital Advisors Inc. now owns 32,516 shares of the company’s stock worth $1,782,000 after acquiring an additional 345 shares during the period. Finally, QRG Capital Management Inc. boosted its stake in shares of Rush Enterprises by 4.3% during the 4th quarter. QRG Capital Management Inc. now owns 14,142 shares of the company’s stock worth $775,000 after acquiring an additional 578 shares in the last quarter. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Rush Enterprises Trading Up 0.7 %

Shares of NASDAQ:RUSHA opened at $51.77 on Friday. The business’s 50 day moving average price is $55.01 and its 200-day moving average price is $56.72. Rush Enterprises, Inc. has a 1 year low of $40.99 and a 1 year high of $65.43. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 1.04 and a beta of 0.96. 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 (NASDAQ:RUSHA) last announced its earnings results on Tuesday, February 18th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.09. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates 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 earnings per share for the current fiscal year.

Rush Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Monday, March 3rd. Rush Enterprises’s payout ratio is 19.30%.

Insider Activity

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 transaction, the senior vice president now owns 3,117 shares of the company’s stock, 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 filing with the SEC, which is accessible through the SEC website. Also, Director Michael Mcroberts sold 4,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $58.52, for a total value of $234,080.00. Following the completion of the sale, the director now directly 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. Company insiders own 12.53% of the company’s stock.

Analysts Set New Price Targets

Separately, Stephens restated an “overweight” rating and issued a $69.00 price target on shares of Rush Enterprises in a research note on Wednesday, February 19th.

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.