Russell Investments Group Ltd. Acquires 7,714 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Russell Investments Group Ltd. grew its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 6.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 123,333 shares of the company’s stock after purchasing an additional 7,714 shares during the period. Russell Investments Group Ltd.’s holdings in Rush Enterprises were worth $6,204,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gladius Capital Management LP lifted its position in shares of Rush Enterprises by 891.2% during the third 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 in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Rush Enterprises by 50.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,290 shares of the company’s stock worth $94,000 after buying an additional 763 shares in the last quarter. Bfsg LLC purchased a new position in shares of Rush Enterprises in the 4th quarter worth approximately $135,000. Essex Savings Bank bought a new position in shares of Rush Enterprises in the fourth quarter valued at approximately $204,000. Finally, Tectonic Advisors LLC purchased a new stake in shares of Rush Enterprises during the fourth quarter valued at approximately $207,000. 84.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Stephens reissued an “overweight” rating and issued a $60.00 price objective on shares of Rush Enterprises in a research report on Wednesday, April 24th.

Rush Enterprises Stock Performance

NASDAQ RUSHA opened at $45.19 on Thursday. The company has a market capitalization of $3.52 billion, a PE ratio of 11.41, a price-to-earnings-growth ratio of 1.00 and a beta of 1.07. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 1.43. Rush Enterprises, Inc. has a 52-week low of $33.67 and a 52-week high of $53.78. The company has a 50-day simple moving average of $49.00 and a 200 day simple moving average of $45.12.

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 net margin of 4.16% and a return on equity of 17.16%. The company had revenue of $1.87 billion during the quarter. During the same quarter in the previous year, the business earned $1.07 EPS. On average, research analysts predict that Rush Enterprises, Inc. will post 2.92 EPS for the current year.

Rush Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 9th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.50%. Rush Enterprises’s dividend payout ratio is presently 17.17%.

Insider Transactions at Rush Enterprises

In other news, SVP Jason Wilder sold 11,250 shares of Rush Enterprises stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $46.23, for a total value of $520,087.50. Following the completion of the transaction, the senior vice president now owns 534 shares in the company, valued at $24,686.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 12.53% of the stock is owned by corporate insiders.

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.