Rush Enterprises, Inc. $RUSHA Stock Holdings Trimmed by 12th Street Asset Management Company LLC

12th Street Asset Management Company LLC trimmed its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 15.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 109,403 shares of the company’s stock after selling 20,665 shares during the quarter. Rush Enterprises accounts for approximately 1.0% of 12th Street Asset Management Company LLC’s portfolio, making the stock its 25th biggest position. 12th Street Asset Management Company LLC’s holdings in Rush Enterprises were worth $5,901,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Millennium Management LLC increased its stake in Rush Enterprises by 280.4% during the 3rd quarter. Millennium Management LLC now owns 540,942 shares of the company’s stock valued at $28,924,000 after buying an additional 398,721 shares during the period. Cooke & Bieler LP lifted its stake in shares of Rush Enterprises by 85.0% in the 4th quarter. Cooke & Bieler LP now owns 729,250 shares of the company’s stock worth $39,336,000 after acquiring an additional 335,019 shares during the period. American Century Companies Inc. lifted its stake in shares of Rush Enterprises by 38.6% in the 3rd quarter. American Century Companies Inc. now owns 1,173,429 shares of the company’s stock worth $62,743,000 after acquiring an additional 326,917 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Rush Enterprises by 91.9% in the second quarter. Ameriprise Financial Inc. now owns 628,855 shares of the company’s stock valued at $32,392,000 after acquiring an additional 301,119 shares in the last quarter. Finally, Woodline Partners LP bought a new position in shares of Rush Enterprises in the third quarter valued at approximately $10,906,000. 84.43% of the stock is currently owned by institutional investors.

Rush Enterprises Price Performance

NASDAQ:RUSHA opened at $68.89 on Tuesday. The business’s fifty day moving average price is $69.26 and its 200 day moving average price is $63.36. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 1.46 and a beta of 0.93. The company has a current ratio of 1.46, a quick ratio of 0.37 and a debt-to-equity ratio of 0.16. Rush Enterprises, Inc. has a 1-year low of $45.67 and a 1-year high of $76.99.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.05. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.73 billion. Rush Enterprises had a return on equity of 11.87% and a net margin of 3.65%. On average, sell-side analysts forecast that Rush Enterprises, Inc. will post 3.79 earnings per share for the current fiscal year.

Rush Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 12th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.1%. Rush Enterprises’s dividend payout ratio (DPR) is 22.96%.

Wall Street Analyst Weigh In

RUSHA has been the topic of several research analyst reports. Zacks Research cut Rush Enterprises from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 21st. UBS Group upped their price objective on Rush Enterprises from $73.00 to $78.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Weiss Ratings raised Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, March 25th. Wolfe Research began coverage on shares of Rush Enterprises in a research report on Monday, April 27th. They set an “outperform” rating and a $88.00 price objective for the company. Finally, Stephens reaffirmed an “overweight” rating and issued a $85.00 price objective on shares of Rush Enterprises in a research note on Tuesday, May 19th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $83.67.

Insider Buying and Selling at Rush Enterprises

In related news, Director Raymond Joseph Chess sold 10,000 shares of Rush Enterprises stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $65.05, for a total transaction of $650,500.00. Following the completion of the sale, the director owned 41,170 shares of the company’s stock, valued at approximately $2,678,108.50. This trade represents a 19.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Mcroberts sold 8,000 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $72.23, for a total value of $577,840.00. Following the completion of the transaction, the director owned 16,229 shares in the company, valued at $1,172,220.67. This trade represents a 33.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 12.68% of the company’s stock.

Rush Enterprises Company Profile

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.