Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Sold by Redwood Investments LLC

Redwood Investments LLC decreased its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 78.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 75,560 shares of the company’s stock after selling 272,030 shares during the period. Redwood Investments LLC owned 0.10% of Rush Enterprises worth $3,801,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Rush Enterprises by 49.0% in the third quarter. Vanguard Group Inc. now owns 6,915,478 shares of the company’s stock worth $282,359,000 after acquiring an additional 2,274,689 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Rush Enterprises by 49.2% in the third quarter. Wellington Management Group LLP now owns 6,193,077 shares of the company’s stock worth $252,863,000 after acquiring an additional 2,041,125 shares in the last quarter. BlackRock Inc. increased its position in shares of Rush Enterprises by 25.0% in the third quarter. BlackRock Inc. now owns 5,016,778 shares of the company’s stock worth $220,037,000 after acquiring an additional 1,002,869 shares in the last quarter. FMR LLC increased its position in shares of Rush Enterprises by 51.7% in the third quarter. FMR LLC now owns 3,581,306 shares of the company’s stock worth $146,225,000 after acquiring an additional 1,220,003 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Rush Enterprises by 41.7% in the third quarter. JPMorgan Chase & Co. now owns 2,531,048 shares of the company’s stock worth $103,343,000 after acquiring an additional 744,310 shares in the last quarter. Institutional investors and hedge funds own 84.43% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Stephens reaffirmed an “overweight” rating and set a $58.00 price target on shares of Rush Enterprises in a report on Wednesday, February 14th. StockNews.com lowered shares of Rush Enterprises from a “buy” rating to a “hold” rating in a report on Monday, January 1st.

Rush Enterprises Trading Up 1.0 %

Rush Enterprises stock opened at $53.52 on Monday. The firm’s 50-day moving average is $47.91 and its 200-day moving average is $43.61. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.27 and a current ratio of 1.35. Rush Enterprises, Inc. has a 1 year low of $33.37 and a 1 year high of $53.72. The company has a market cap of $4.17 billion, a P/E ratio of 12.92, a PEG ratio of 1.25 and a beta of 1.02.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.11. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.88 billion. Rush Enterprises had a net margin of 4.38% and a return on equity of 18.44%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the firm posted $1.16 EPS. On average, equities analysts expect that Rush Enterprises, Inc. will post 2.85 earnings per share for the current year.

Rush Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Tuesday, February 27th were given a $0.17 dividend. The ex-dividend date was Monday, February 26th. This represents a $0.68 annualized dividend and a yield of 1.27%. Rush Enterprises’s dividend payout ratio is presently 16.41%.

Insider Activity at Rush Enterprises

In other Rush Enterprises news, SVP Jody Pollard sold 11,250 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $48.28, for a total transaction of $543,150.00. Following the transaction, the senior vice president now owns 2,777 shares of the company’s stock, valued at approximately $134,073.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 17.10% of the stock is currently owned by 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.