Tocqueville Asset Management L.P. raised its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 3.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 146,100 shares of the company’s stock after buying an additional 5,362 shares during the period. Tocqueville Asset Management L.P. owned about 0.37% of Rush Enterprises worth $5,743,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of RUSHA. BlackRock Inc. increased its holdings in shares of Rush Enterprises by 15.8% in the 3rd quarter. BlackRock Inc. now owns 2,948,628 shares of the company’s stock worth $115,911,000 after buying an additional 401,738 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Rush Enterprises by 18.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,101,928 shares of the company’s stock valued at $43,316,000 after purchasing an additional 174,219 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Rush Enterprises by 21.2% during the 3rd quarter. Renaissance Technologies LLC now owns 793,278 shares of the company’s stock valued at $31,184,000 after purchasing an additional 138,578 shares during the last quarter. Citadel Advisors LLC grew its holdings in shares of Rush Enterprises by 534.7% during the 3rd quarter. Citadel Advisors LLC now owns 160,400 shares of the company’s stock valued at $6,306,000 after purchasing an additional 135,129 shares during the last quarter. Finally, Prudential Financial Inc. grew its holdings in shares of Rush Enterprises by 103.5% during the 3rd quarter. Prudential Financial Inc. now owns 261,168 shares of the company’s stock valued at $10,267,000 after purchasing an additional 132,849 shares during the last quarter. 75.64% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently commented on RUSHA shares. ValuEngine lowered shares of Rush Enterprises from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 2nd. Buckingham Research reaffirmed a “buy” rating on shares of Rush Enterprises in a report on Tuesday, October 2nd. BidaskClub raised shares of Rush Enterprises from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 31st. Finally, Stifel Nicolaus set a $48.00 target price on shares of Rush Enterprises and gave the company a “buy” rating in a report on Thursday, October 25th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $49.14.
Shares of RUSHA opened at $33.46 on Friday. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 0.64 and a beta of 1.33. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.16 and a quick ratio of 0.28. Rush Enterprises, Inc. has a twelve month low of $32.55 and a twelve month high of $55.40.
Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings results on Tuesday, October 23rd. The company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.14. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Rush Enterprises had a net margin of 3.83% and a return on equity of 12.85%. As a group, equities research analysts forecast that Rush Enterprises, Inc. will post 3.55 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Wednesday, November 7th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $0.48 annualized dividend and a yield of 1.43%. Rush Enterprises’s payout ratio is currently 20.96%.
Rush Enterprises Profile
Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States. 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, Mitsubishi Fuso, IC Bus, or Blue Bird; provides new and used commercial vehicles, and aftermarket parts, as well as service and repair, financing, and leasing and rental services; and offers property and casualty insurance, including collision and liability insurance on commercial vehicles, cargo insurance, and credit life insurance to its commercial vehicle customers.
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