Strs Ohio Sells 2,350 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Strs Ohio reduced its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 3.5% in the fourth quarter, Holdings Channel reports. The fund owned 64,900 shares of the company’s stock after selling 2,350 shares during the quarter. Strs Ohio’s holdings in Rush Enterprises were worth $3,264,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Franklin Resources Inc. grew its position in shares of Rush Enterprises by 1.6% during the 2nd quarter. Franklin Resources Inc. now owns 13,033 shares of the company’s stock valued at $792,000 after acquiring an additional 201 shares during the period. Mackenzie Financial Corp lifted its stake in shares of Rush Enterprises by 5.4% during the 1st quarter. Mackenzie Financial Corp now owns 4,309 shares of the company’s stock valued at $219,000 after buying an additional 222 shares in the last quarter. LPL Financial LLC lifted its stake in shares of Rush Enterprises by 1.8% during the 1st quarter. LPL Financial LLC now owns 16,600 shares of the company’s stock valued at $906,000 after buying an additional 297 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Rush Enterprises by 13.1% during the 4th 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 in the last quarter. Finally, Mariner LLC lifted its stake in shares of Rush Enterprises by 3.9% during the 4th quarter. Mariner LLC now owns 12,080 shares of the company’s stock valued at $632,000 after buying an additional 448 shares in the last quarter. 84.43% of the stock is owned by institutional investors.

Rush Enterprises Stock Performance

NASDAQ RUSHA opened at $47.96 on Friday. 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 current ratio of 1.35 and a quick ratio of 0.27. The stock has a market capitalization of $3.74 billion, a PE ratio of 11.58, a P/E/G ratio of 1.11 and a beta of 1.02. The company’s 50 day simple moving average is $49.33 and its two-hundred day simple moving average is $44.57.

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

Rush Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Tuesday, February 27th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.42%. The ex-dividend date was Monday, February 26th. Rush Enterprises’s dividend payout ratio is presently 16.41%.

Analyst Ratings Changes

A number of brokerages recently commented on RUSHA. Stephens restated an “overweight” rating and set a $58.00 price target on shares of Rush Enterprises in a research note on Wednesday, February 14th. StockNews.com cut shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Monday, January 1st.

Insiders Place Their Bets

In other Rush Enterprises news, SVP Jody Pollard sold 11,250 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $48.28, for a total value of $543,150.00. Following the sale, the senior vice president now directly owns 2,777 shares in the company, valued at approximately $134,073.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.