TFO Wealth Partners LLC Buys 3,216 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

TFO Wealth Partners LLC increased its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHAFree Report) by 321,600.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,217 shares of the company’s stock after purchasing an additional 3,216 shares during the quarter. TFO Wealth Partners LLC’s holdings in Rush Enterprises were worth $162,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of RUSHA. Principal Financial Group Inc. increased its position in shares of Rush Enterprises by 116.8% during the 3rd quarter. Principal Financial Group Inc. now owns 20,483 shares of the company’s stock valued at $836,000 after purchasing an additional 11,035 shares during the last quarter. Victory Capital Management Inc. grew its position in Rush Enterprises by 29.0% in the 3rd quarter. Victory Capital Management Inc. now owns 86,916 shares of the company’s stock valued at $3,549,000 after acquiring an additional 19,554 shares during the last quarter. Arizona State Retirement System grew its position in Rush Enterprises by 51.0% in the 3rd quarter. Arizona State Retirement System now owns 17,946 shares of the company’s stock valued at $733,000 after acquiring an additional 6,063 shares during the last quarter. Jump Financial LLC bought a new position in Rush Enterprises in the 3rd quarter valued at $661,000. Finally, Barclays PLC grew its position in Rush Enterprises by 17.3% in the 3rd quarter. Barclays PLC now owns 55,445 shares of the company’s stock valued at $2,264,000 after acquiring an additional 8,164 shares during the last quarter. Institutional investors own 84.43% of the company’s stock.

Insider Buying and Selling

In related news, SVP Jason Wilder sold 11,250 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $46.23, for a total transaction of $520,087.50. Following the completion of the sale, the senior vice president now directly owns 534 shares in the company, valued at approximately $24,686.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 12.53% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

View Our Latest Stock Analysis on RUSHA

Rush Enterprises Price Performance

Shares of RUSHA stock opened at $43.61 on Tuesday. Rush Enterprises, Inc. has a twelve month low of $34.68 and a twelve month high of $53.78. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 11.02, a P/E/G ratio of 2.07 and a beta of 1.02. The stock has a fifty day simple moving average of $47.52 and a two-hundred day simple moving average of $46.17. The company has a current ratio of 1.43, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32.

Rush Enterprises (NASDAQ:RUSHAGet Free Report) last issued its earnings results on Tuesday, April 23rd. The company reported $0.88 earnings per share 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 business had revenue of $1.87 billion during the quarter. During the same quarter in the prior year, the company posted $1.07 earnings per share. On average, analysts predict that Rush Enterprises, Inc. will post 2.98 EPS for the current fiscal year.

Rush Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 9th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Wednesday, May 8th. Rush Enterprises’s dividend payout ratio (DPR) is currently 17.19%.

Rush Enterprises Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Rush Enterprises (NASDAQ:RUSHA)

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