Cwm LLC Decreases Stock Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Cwm LLC trimmed its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 9.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,069 shares of the company’s stock after selling 3,029 shares during the quarter. Cwm LLC’s holdings in Rush Enterprises were worth $1,512,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of RUSHA. Gladius Capital Management LP increased its position in Rush Enterprises by 891.2% in the third quarter. Gladius Capital Management LP now owns 1,120 shares of the company’s stock worth $46,000 after buying an additional 1,007 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Rush Enterprises by 50.0% in the third quarter. Nisa Investment Advisors LLC now owns 2,290 shares of the company’s stock worth $94,000 after buying an additional 763 shares during the last quarter. Essex Savings Bank purchased a new stake in Rush Enterprises in the fourth quarter worth $204,000. Tectonic Advisors LLC purchased a new stake in Rush Enterprises in the fourth quarter worth $207,000. Finally, Cornerstone Investment Partners LLC purchased a new stake in Rush Enterprises in the fourth quarter worth $211,000. 84.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on RUSHA shares. StockNews.com downgraded Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Monday, January 1st. Stephens reaffirmed an “overweight” rating and issued a $60.00 price target on shares of Rush Enterprises in a report on Wednesday.

Rush Enterprises Price Performance

NASDAQ:RUSHA opened at $46.76 on Friday. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 11.82, a P/E/G ratio of 1.03 and a beta of 1.02. Rush Enterprises, Inc. has a 52-week low of $33.37 and a 52-week high of $53.78. The stock has a fifty day moving average of $49.35 and a 200 day moving average of $44.87. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.27 and a current ratio of 1.43.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.08. Rush Enterprises had a return on equity of 17.16% and a net margin of 4.16%. The firm had revenue of $1.87 billion during the quarter. During the same period last year, the firm earned $1.07 EPS. On average, research analysts expect that Rush Enterprises, Inc. will post 2.92 EPS for the current fiscal year.

Rush Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 9th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Wednesday, May 8th. Rush Enterprises’s dividend payout ratio (DPR) is currently 17.19%.

Insiders Place Their Bets

In other news, SVP Jody Pollard sold 11,250 shares of Rush Enterprises stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $48.28, for a total value of $543,150.00. Following 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 SEC, which can be accessed through this link. Corporate insiders own 17.10% of the company’s stock.

About Rush Enterprises

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.