Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 73.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,709 shares of the company’s stock after selling 61,444 shares during the period. Jane Street Group LLC’s holdings in Rush Enterprises were worth $1,189,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its stake in shares of Rush Enterprises by 475.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 851 shares of the company’s stock worth $46,000 after acquiring an additional 703 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Rush Enterprises by 121.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the company’s stock worth $62,000 after acquiring an additional 616 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Rush Enterprises by 71.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,435 shares of the company’s stock worth $79,000 after acquiring an additional 596 shares during the last quarter. Sterling Capital Management LLC boosted its stake in shares of Rush Enterprises by 833.8% in the fourth quarter. Sterling Capital Management LLC now owns 1,961 shares of the company’s stock worth $107,000 after acquiring an additional 1,751 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Rush Enterprises in the fourth quarter worth approximately $179,000. 84.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Rush Enterprises

In other news, COO Jason Wilder sold 483 shares of the company’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $56.39, for a total value of $27,236.37. Following the transaction, the chief operating officer now owns 85,420 shares of the company’s stock, valued at $4,816,833.80. This represents a 0.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Mcroberts sold 4,000 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $58.52, for a total value of $234,080.00. Following the completion of the transaction, the director now directly owns 15,771 shares in the company, valued at approximately $922,918.92. This trade represents a 20.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,981 shares of company stock worth $1,172,552 in the last ninety days. 12.28% of the stock is owned by insiders.

Rush Enterprises Stock Performance

RUSHA opened at $51.59 on Wednesday. The firm has a market capitalization of $4.09 billion, a PE ratio of 13.83, a PEG ratio of 1.04 and a beta of 0.94. Rush Enterprises, Inc. has a twelve month low of $40.99 and a twelve month high of $65.43. The firm’s 50-day moving average price is $51.94 and its 200 day moving average price is $56.43. The company has a current ratio of 1.45, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.86 billion. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. As a group, sell-side analysts expect that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Monday, May 12th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.72 annualized dividend and a dividend yield of 1.40%. Rush Enterprises’s payout ratio is 20.11%.

Analyst Upgrades and Downgrades

Separately, Stephens lowered their price target on shares of Rush Enterprises from $63.00 to $61.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd.

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.