Goldman Sachs Group Inc. Has $21.16 Million Stock Position in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Goldman Sachs Group Inc. lowered its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 50.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 420,661 shares of the company’s stock after selling 424,051 shares during the period. Goldman Sachs Group Inc.’s holdings in Rush Enterprises were worth $21,159,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Neo Ivy Capital Management acquired a new stake in shares of Rush Enterprises in the 4th quarter worth about $43,000. Gladius Capital Management LP raised its holdings in shares of Rush Enterprises by 891.2% in the 3rd quarter. Gladius Capital Management LP now owns 1,120 shares of the company’s stock worth $46,000 after acquiring an additional 1,007 shares during the last quarter. Clear Street Markets LLC acquired a new stake in shares of Rush Enterprises in the 4th quarter worth about $100,000. Nisa Investment Advisors LLC raised its holdings in shares of Rush Enterprises by 13.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,590 shares of the company’s stock worth $130,000 after acquiring an additional 300 shares during the last quarter. Finally, Bfsg LLC acquired a new stake in shares of Rush Enterprises in the 4th quarter worth about $135,000. Institutional investors and hedge funds own 84.43% of the company’s stock.

Insider Activity

In other news, SVP Jason Wilder sold 11,250 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $46.23, for a total transaction of $520,087.50. Following the completion of the transaction, the senior vice president now directly owns 534 shares of the company’s stock, valued at approximately $24,686.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 12.53% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Stephens reaffirmed an “overweight” rating and issued a $60.00 price objective on shares of Rush Enterprises in a research report on Wednesday, April 24th.

Rush Enterprises Trading Up 0.4 %

Shares of RUSHA stock opened at $43.17 on Wednesday. Rush Enterprises, Inc. has a 52-week low of $34.68 and a 52-week high of $53.78. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 1.43. The company has a 50-day simple moving average of $44.74 and a two-hundred day simple moving average of $46.57. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 1.96 and a beta of 1.02.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.08. Rush Enterprises had a net margin of 4.16% and a return on equity of 17.16%. The business had revenue of $1.87 billion during the quarter. During the same period in the previous year, the company posted $1.07 earnings per share. Research analysts anticipate that Rush Enterprises, Inc. will post 2.98 EPS for the current fiscal year.

Rush Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Thursday, May 9th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date was Wednesday, May 8th. Rush Enterprises’s dividend payout ratio is currently 17.19%.

About Rush Enterprises

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.