Natixis Advisors L.P. Reduces Stock Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Natixis Advisors L.P. decreased its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 133,586 shares of the company’s stock after selling 1,419 shares during the quarter. Natixis Advisors L.P.’s holdings in Rush Enterprises were worth $6,718,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RUSHA. Gladius Capital Management LP lifted its stake 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 acquiring an additional 1,007 shares during the period. Nisa Investment Advisors LLC lifted its stake 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 acquiring an additional 763 shares during the period. Bfsg LLC purchased a new stake in Rush Enterprises in the fourth quarter worth $135,000. Essex Savings Bank purchased a new stake in Rush Enterprises in the fourth quarter worth $204,000. Finally, Essex Financial Services Inc. purchased a new stake in Rush Enterprises in the fourth quarter worth $204,000. Hedge funds and other institutional investors own 84.43% of the company’s stock.

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 stock was 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 of the company’s stock, valued at approximately $24,686.82. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 12.53% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Rush Enterprises Stock Performance

Shares of Rush Enterprises stock opened at $46.53 on Friday. The company has a current ratio of 1.43, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $3.62 billion, a P/E ratio of 11.75, a P/E/G ratio of 1.00 and a beta of 1.07. The business has a fifty day simple moving average of $48.96 and a two-hundred day simple moving average of $45.13. Rush Enterprises, Inc. has a 12 month low of $34.53 and a 12 month high of $53.78.

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

Rush Enterprises Announces Dividend

The business 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 $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Wednesday, May 8th. Rush Enterprises’s dividend payout ratio is presently 17.17%.

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.