2 weeks Ago By Defense World Staff
Wells Fargo & Company MN boosted its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA – Free Report) by 25.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission.
The fund owned 37,112 shares of the company’s stock after buying an additional 7,483 shares during the period. Wells Fargo & Company MN’s holdings in Rush Enterprises were worth $2,033,000 as of its most recent SEC filing. A number of other large investors have also recently made changes to their positions in RUSHA.
Trexquant Investment LP bought a new stake in Rush Enterprises during the fourth quarter worth $219,000. O Shaughnessy Asset Management LLC boosted its stake in shares of Rush Enterprises by 7.2% in the 4th quarter.
O Shaughnessy Asset Management LLC now owns 15,319 shares of the company’s stock worth $839,000 after buying an additional 1,032 shares during the last quarter. Norges Bank bought a new position in shares of Rush Enterprises in the fourth quarter valued at approximately $10,127,000. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Rush Enterprises by 9.
4% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 27,982 shares of the company’s stock valued at $1,533,000 after acquiring an additional 2,413 shares in the last quarter. Finally, Segall Bryant & Hamill LLC increased its position in shares of Rush Enterprises by 35.
0% during the fourth quarter. Segall Bryant & Hamill LLC now owns 468,855 shares of the company’s stock valued at $25,689,000 after acquiring an additional 121,577 shares during the last quarter. 84.
43% of the stock is owned by institutional investors. Insider Transactions at Rush EnterprisesIn other news, SVP Jody Pollard sold 11,250 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $56.
43, for a total transaction of $634,837.50. Following the sale, the senior vice president now directly owns 3,117 shares in the company, valued at $175,892.
31. This represents a 78.30 % decrease in their ownership of the stock.
The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael Mcroberts sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $58.
52, for a total transaction of $234,080.00. Following the completion of the transaction, the director now 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. Corporate insiders own 12.53% of the company’s stock.
Rush Enterprises Price PerformanceRUSHA opened at $51.48 on Friday. The firm has a market cap of $4.
08 billion, a P/E ratio of 13.80, a PEG ratio of 1.04 and a beta of 0.
96. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.
28 and a current ratio of 1.45. Rush Enterprises, Inc.
has a fifty-two week low of $40.99 and a fifty-two week high of $65.43.
The firm has a 50-day moving average of $53.96 and a 200 day moving average of $56.75.
Rush Enterprises (NASDAQ:RUSHA – Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.
82 by $0.09. The company had revenue of $2.
01 billion during 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, research analysts expect that Rush Enterprises, Inc.
will post 3.91 EPS for the current year. Rush Enterprises Dividend AnnouncementThe firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th.
Shareholders of record on Monday, March 3rd were given a dividend of $0.18 per share. The ex-dividend date was Monday, March 3rd.
This represents a $0.72 dividend on an annualized basis and a yield of 1.40%.
Rush Enterprises’s dividend payout ratio is presently 19.30%. Wall Street Analysts Forecast GrowthSeparately, Stephens restated an “overweight” rating and issued a $69.
00 price objective on shares of Rush Enterprises in a research note on Wednesday, February 19th.Check Out Our Latest Stock Report on Rush EnterprisesRush Enterprises Profile (Free Report)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.Read MoreFive stocks we like better than Rush EnterprisesWhat Are Some of the Best Large-Cap Stocks to Buy?Short Sellers Gave Up on These 3 Names RecentlyHow to trade using analyst ratings3 Boring Stocks Outperforming the Market This YearBest Stocks Under $5.00If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To BuyWant to see what other hedge funds are holding RUSHA? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Rush Enterprises, Inc. (NASDAQ:RUSHA – Free Report)..
