Bank of Montreal Can Purchases 895 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Bank of Montreal Can boosted its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 9.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,688 shares of the company’s stock after acquiring an additional 895 shares during the period. Bank of Montreal Can’s holdings in Rush Enterprises were worth $586,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Jennison Associates LLC increased its holdings in Rush Enterprises by 1,398.4% in the 4th quarter. Jennison Associates LLC now owns 509,380 shares of the company’s stock valued at $27,909,000 after acquiring an additional 475,384 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in shares of Rush Enterprises by 5,379.0% in the fourth quarter. Proficio Capital Partners LLC now owns 334,822 shares of the company’s stock worth $18,345,000 after purchasing an additional 328,711 shares during the last quarter. Norges Bank bought a new stake in shares of Rush Enterprises in the fourth quarter worth about $10,127,000. Raymond James Financial Inc. bought a new position in Rush Enterprises during the fourth quarter valued at approximately $9,822,000. Finally, Segall Bryant & Hamill LLC grew its holdings in Rush Enterprises by 35.0% during the 4th quarter. Segall Bryant & Hamill LLC now owns 468,855 shares of the company’s stock valued at $25,689,000 after buying an additional 121,577 shares in the last quarter. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Rush Enterprises Stock Up 0.7 %

Shares of RUSHA opened at $51.77 on Monday. The company has a quick ratio of 0.28, a current ratio of 1.45 and a debt-to-equity ratio of 0.23. The business has a fifty day moving average of $54.85 and a 200 day moving average of $56.81. The company has a market cap of $4.10 billion, a PE ratio of 13.88, a P/E/G ratio of 1.04 and a beta of 0.96. Rush Enterprises, Inc. has a 52-week low of $40.99 and a 52-week high of $65.43.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.09. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Rush Enterprises had a net margin of 3.90% and a return on equity of 14.76%. On average, sell-side analysts expect that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Monday, March 3rd. Rush Enterprises’s payout ratio is 19.30%.

Insider Activity

In other Rush Enterprises news, SVP Jody Pollard sold 11,250 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $56.43, for a total value of $634,837.50. Following the completion of the sale, the senior vice president now owns 3,117 shares of the company’s stock, valued at approximately $175,892.31. This trade represents a 78.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Mcroberts sold 4,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $58.52, for a total transaction of $234,080.00. Following the completion of the transaction, the director now directly owns 15,771 shares of the company’s stock, valued at $922,918.92. The trade was a 20.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.53% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Stephens reissued an “overweight” rating and issued a $69.00 price objective on shares of Rush Enterprises in a research note on Wednesday, February 19th.

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.