Mirae Asset Global Investments Co. Ltd. Grows Stake in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Mirae Asset Global Investments Co. Ltd. grew its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 4.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 28,552 shares of the company’s stock after buying an additional 1,222 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Rush Enterprises were worth $1,436,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Comerica Bank lifted its stake in shares of Rush Enterprises by 66,200.0% in the 3rd quarter. Comerica Bank now owns 663 shares of the company’s stock valued at $27,000 after purchasing an additional 662 shares during the period. Gladius Capital Management LP lifted its stake in shares of Rush Enterprises by 891.2% in the 3rd quarter. Gladius Capital Management LP now owns 1,120 shares of the company’s stock valued at $46,000 after purchasing an additional 1,007 shares during the period. Quarry LP lifted its stake in shares of Rush Enterprises by 543.8% in the 1st quarter. Quarry LP now owns 1,249 shares of the company’s stock valued at $68,000 after purchasing an additional 1,055 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Rush Enterprises by 37.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,682 shares of the company’s stock valued at $69,000 after purchasing an additional 456 shares during the period. Finally, Lazard Asset Management LLC lifted its stake in shares of Rush Enterprises by 50.0% in the 3rd quarter. Lazard Asset Management LLC now owns 1,890 shares of the company’s stock valued at $77,000 after purchasing an additional 630 shares during the period. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Insider Transactions at Rush Enterprises

In other news, SVP Jody Pollard sold 11,250 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $48.28, for a total value of $543,150.00. Following the completion of the transaction, the senior vice president now owns 2,777 shares in the company, valued at $134,073.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 17.10% of the company’s stock.

Rush Enterprises Stock Up 1.6 %

RUSHA stock opened at $48.71 on Monday. Rush Enterprises, Inc. has a twelve month low of $33.37 and a twelve month high of $53.78. The company has a quick ratio of 0.27, a current ratio of 1.35 and a debt-to-equity ratio of 0.27. The firm has a market cap of $3.79 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 1.13 and a beta of 1.02. The business has a 50 day moving average of $49.35 and a 200 day moving average of $44.68.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.95 earnings per share for the quarter, beating 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 company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the company earned $1.16 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, research analysts forecast that Rush Enterprises, Inc. will post 2.88 EPS for the current fiscal year.

Rush Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Tuesday, February 27th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Monday, February 26th. Rush Enterprises’s payout ratio is 16.41%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Stephens restated an “overweight” rating and issued a $58.00 target price on shares of Rush Enterprises in a research note on Wednesday, February 14th. StockNews.com lowered Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Monday, January 1st.

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.