Dean Capital Management Sells 31,039 Shares of Rush Enterprises, Inc. $RUSHA

Dean Capital Management decreased its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 69.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 13,531 shares of the company’s stock after selling 31,039 shares during the period. Dean Capital Management’s holdings in Rush Enterprises were worth $730,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Kestra Advisory Services LLC grew its stake in Rush Enterprises by 1.1% in the 4th quarter. Kestra Advisory Services LLC now owns 17,907 shares of the company’s stock valued at $966,000 after buying an additional 200 shares in the last quarter. California State Teachers Retirement System boosted its stake in Rush Enterprises by 0.4% in the 2nd quarter. California State Teachers Retirement System now owns 57,375 shares of the company’s stock worth $2,955,000 after purchasing an additional 208 shares during the period. CIBC Private Wealth Group LLC grew its holdings in Rush Enterprises by 44.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 748 shares of the company’s stock valued at $40,000 after buying an additional 230 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Rush Enterprises by 0.7% during the fourth quarter. State of Alaska Department of Revenue now owns 35,188 shares of the company’s stock valued at $1,897,000 after buying an additional 251 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its position in shares of Rush Enterprises by 0.3% during the second quarter. CANADA LIFE ASSURANCE Co now owns 87,139 shares of the company’s stock valued at $4,489,000 after buying an additional 269 shares during the period. Institutional investors own 84.43% of the company’s stock.

Rush Enterprises Stock Performance

Shares of RUSHA opened at $70.11 on Friday. Rush Enterprises, Inc. has a fifty-two week low of $45.67 and a fifty-two week high of $76.99. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of 21.18, a PEG ratio of 1.49 and a beta of 0.88. The firm has a 50 day moving average price of $70.61 and a 200-day moving average price of $65.85. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.37 and a current ratio of 1.46.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.05. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.73 billion. Rush Enterprises had a return on equity of 11.87% and a net margin of 3.65%. As a group, equities research analysts forecast that Rush Enterprises, Inc. will post 3.79 earnings per share for the current year.

Rush Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, May 12th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Tuesday, May 12th. Rush Enterprises’s payout ratio is currently 22.96%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on RUSHA shares. UBS Group raised their price target on shares of Rush Enterprises from $73.00 to $78.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Zacks Research downgraded Rush Enterprises from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 21st. Stephens reissued an “overweight” rating and set a $85.00 price objective on shares of Rush Enterprises in a research note on Tuesday, May 19th. Wall Street Zen cut Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Sunday, June 14th. Finally, Wolfe Research began coverage on Rush Enterprises in a research note on Monday, April 27th. They issued an “outperform” rating and a $88.00 target price on the stock. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $83.67.

Insider Buying and Selling

In related news, Director Michael Mcroberts sold 8,000 shares of Rush Enterprises stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $72.23, for a total value of $577,840.00. Following the sale, the director owned 16,229 shares in the company, valued at $1,172,220.67. The trade was a 33.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 12.68% of the stock is owned by insiders.

About Rush Enterprises

Rush Enterprises, Inc, headquartered in New Braunfels, Texas, is a leading distributor of commercial vehicles and related products in the United States. Through its Rush Truck Centers subsidiary, the company sells new and used medium- and heavy-duty trucks, buses and specialty vehicles, while also offering factory-authorized parts, collision repair, maintenance and warranty support across its network of dealerships.

Founded in 1965, Rush Enterprises has grown to encompass more than 150 locations in over 20 states, partnering with major manufacturers including Kenworth, Peterbilt, Freightliner, Volvo and Mack.