Teacher Retirement System of Texas Has $283,000 Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Teacher Retirement System of Texas grew its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 18.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,169 shares of the company’s stock after purchasing an additional 789 shares during the quarter. Teacher Retirement System of Texas’ holdings in Rush Enterprises were worth $283,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of RUSHA. Charles Schwab Investment Management Inc. grew its stake in shares of Rush Enterprises by 14.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 716,741 shares of the company’s stock worth $37,865,000 after purchasing an additional 90,537 shares during the period. BNP Paribas Financial Markets grew its position in shares of Rush Enterprises by 93.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 69,018 shares of the company’s stock worth $3,646,000 after buying an additional 33,397 shares during the period. Verition Fund Management LLC bought a new stake in shares of Rush Enterprises in the 3rd quarter valued at about $685,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Rush Enterprises in the 3rd quarter valued at approximately $137,000. Finally, Janus Henderson Group PLC boosted its stake in Rush Enterprises by 148.1% during the 3rd quarter. Janus Henderson Group PLC now owns 308,204 shares of the company’s stock worth $16,282,000 after acquiring an additional 183,965 shares during the last quarter. 84.43% of the stock is owned by institutional investors.

Rush Enterprises Stock Performance

Shares of Rush Enterprises stock opened at $55.44 on Wednesday. The stock’s fifty day simple moving average is $57.42 and its 200 day simple moving average is $56.86. The company has a current ratio of 1.45, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $4.39 billion, a PE ratio of 14.86, a PEG ratio of 1.04 and a beta of 1.06. Rush Enterprises, Inc. has a 12 month low of $40.99 and a 12 month high of $65.43.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.09. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.86 billion. On average, research analysts predict that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 3rd were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Monday, March 3rd. Rush Enterprises’s payout ratio is currently 19.30%.

Insider Activity

In other news, Director Michael Mcroberts sold 4,000 shares of Rush Enterprises stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $58.52, for a total value of $234,080.00. Following the sale, the director now directly owns 15,771 shares in the company, valued at $922,918.92. This trade represents a 20.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $634,837.50. Following the transaction, the senior vice president now owns 3,117 shares of the company’s stock, valued at $175,892.31. The trade was a 78.30 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.53% of the company’s stock.

Analysts Set New Price Targets

Separately, Stephens reaffirmed an “overweight” rating and issued a $69.00 target price 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.