Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Sold by Simplicity Solutions LLC

Simplicity Solutions LLC reduced its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 4.3% during the 4th quarter, Holdings Channel reports. The fund owned 12,489 shares of the company’s stock after selling 561 shares during the quarter. Simplicity Solutions LLC’s holdings in Rush Enterprises were worth $628,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Mutual of America Capital Management LLC purchased a new position in Rush Enterprises in the fourth quarter valued at $542,000. International Assets Investment Management LLC increased its holdings in Rush Enterprises by 4,929.9% in the fourth quarter. International Assets Investment Management LLC now owns 18,007 shares of the company’s stock valued at $906,000 after buying an additional 17,649 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Rush Enterprises by 13.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,590 shares of the company’s stock valued at $130,000 after buying an additional 300 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in Rush Enterprises by 4.3% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 786,252 shares of the company’s stock valued at $39,548,000 after buying an additional 32,100 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Rush Enterprises by 4.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,552 shares of the company’s stock valued at $1,436,000 after buying an additional 1,222 shares during the last quarter. 84.43% of the stock is currently owned by institutional investors and hedge funds.

Rush Enterprises Stock Performance

Shares of RUSHA stock opened at $47.91 on Thursday. The stock’s 50-day moving average is $49.30 and its two-hundred day moving average is $44.54. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 1.14 and a beta of 1.02. Rush Enterprises, Inc. has a 1 year low of $33.37 and a 1 year high of $53.78. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.27 and a current ratio of 1.35.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.11. Rush Enterprises had a return on equity of 18.44% and a net margin of 4.38%. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the company posted $1.16 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. Analysts predict that Rush Enterprises, Inc. will post 2.88 earnings per share for the current year.

Rush Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Tuesday, February 27th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Monday, February 26th. Rush Enterprises’s dividend payout ratio is currently 16.41%.

Analyst Ratings Changes

Several equities analysts recently commented on RUSHA shares. StockNews.com lowered Rush Enterprises from a “buy” rating to a “hold” rating in a report on Monday, January 1st. Stephens reaffirmed an “overweight” rating and set a $58.00 price objective on shares of Rush Enterprises in a report on Wednesday, February 14th.

Insider Buying and Selling

In related news, SVP Jody Pollard sold 11,250 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $48.28, for a total transaction of $543,150.00. Following the transaction, the senior vice president now owns 2,777 shares of the company’s stock, valued at $134,073.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 17.10% of the company’s stock.

Rush Enterprises 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.