3,841 Shares in Rush Enterprises, Inc. (NASDAQ:RUSHA) Bought by Two Sigma Investments LP

Two Sigma Investments LP bought a new stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,841 shares of the company’s stock, valued at approximately $210,000.

Other hedge funds also recently bought and sold shares of the company. Point72 Asset Management L.P. bought a new stake in Rush Enterprises in the fourth quarter worth $581,000. ProShare Advisors LLC boosted its stake in shares of Rush Enterprises by 44.5% during the 4th quarter. ProShare Advisors LLC now owns 18,365 shares of the company’s stock worth $1,006,000 after acquiring an additional 5,652 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Rush Enterprises by 116.5% during the 4th quarter. Millennium Management LLC now owns 299,038 shares of the company’s stock worth $16,384,000 after acquiring an additional 160,922 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Rush Enterprises by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,633 shares of the company’s stock valued at $1,898,000 after acquiring an additional 1,338 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Rush Enterprises by 6.8% during the 4th quarter. Janus Henderson Group PLC now owns 329,027 shares of the company’s stock valued at $18,028,000 after acquiring an additional 20,823 shares during the last quarter. 84.43% of the stock is owned by institutional investors and hedge funds.

Rush Enterprises Price Performance

Shares of Rush Enterprises stock opened at $51.18 on Friday. Rush Enterprises, Inc. has a 1-year low of $40.99 and a 1-year high of $65.43. The firm has a fifty day simple moving average of $50.67 and a 200-day simple moving average of $55.16. The company has a current ratio of 1.45, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 13.72, a PEG ratio of 1.04 and a beta of 0.89.

Rush Enterprises (NASDAQ:RUSHA) last released its earnings results 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 firm had revenue of $1.85 billion during the quarter, compared to analyst estimates 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 earnings per share for the current year.

Rush Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Monday, May 12th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.72 annualized dividend and a yield of 1.41%. Rush Enterprises’s payout ratio is 20.11%.

Insider Activity at Rush Enterprises

In other news, COO Jason Wilder sold 748 shares of Rush Enterprises stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $56.08, for a total transaction of $41,947.84. Following the sale, the chief operating officer now owns 84,672 shares of the company’s stock, valued at approximately $4,748,405.76. This trade represents a 0.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael L. Goldstone sold 4,500 shares of the company’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $52.10, for a total value of $234,450.00. Following the completion of the transaction, the senior vice president now owns 12,510 shares of the company’s stock, valued at $651,771. The trade was a 26.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,731 shares of company stock worth $303,634 in the last 90 days. 12.28% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, Stephens reduced their target price on Rush Enterprises from $63.00 to $61.00 and set an “overweight” rating for the company in a 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.