Bailard Inc. Buys Shares of 12,600 Rush Enterprises, Inc. $RUSHA

Bailard Inc. purchased a new position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 12,600 shares of the company’s stock, valued at approximately $674,000.

Other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its position in Rush Enterprises by 250.0% in the third quarter. Farther Finance Advisors LLC now owns 511 shares of the company’s stock worth $27,000 after acquiring an additional 365 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Rush Enterprises by 427.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 781 shares of the company’s stock worth $40,000 after purchasing an additional 633 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in Rush Enterprises in the 2nd quarter valued at about $73,000. Smithfield Trust Co lifted its position in Rush Enterprises by 864.5% in the second quarter. Smithfield Trust Co now owns 1,765 shares of the company’s stock valued at $91,000 after buying an additional 1,582 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in Rush Enterprises by 8.0% during the third quarter. Nisa Investment Advisors LLC now owns 2,969 shares of the company’s stock worth $159,000 after buying an additional 219 shares during the period. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Rush Enterprises Stock Performance

NASDAQ:RUSHA opened at $63.08 on Friday. Rush Enterprises, Inc. has a 52 week low of $45.67 and a 52 week high of $66.11. The company has a fifty day simple moving average of $55.85 and a two-hundred day simple moving average of $54.48. The company has a quick ratio of 0.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 0.80 and a beta of 0.92.

Rush Enterprises (NASDAQ:RUSHA) last released its earnings results on Wednesday, October 29th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.02. Rush Enterprises had a return on equity of 12.52% and a net margin of 3.57%.The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.75 billion. As a group, equities analysts anticipate that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Wednesday, November 12th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Wednesday, November 12th. Rush Enterprises’s dividend payout ratio is presently 22.55%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on RUSHA shares. Stephens reduced their price target on shares of Rush Enterprises from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Rush Enterprises in a research report on Wednesday, October 8th. Zacks Research upgraded Rush Enterprises from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. Finally, Wall Street Zen raised Rush Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Rush Enterprises presently has a consensus rating of “Moderate Buy” and an average price target of $55.00.

Rush Enterprises Profile

Rush Enterprises, Inc, headquartered in New Braunfels, Texas, is a leading distributor of commercial vehicles and related products in the United States. Through its Rush Truck Centers subsidiary, the company sells new and used medium- and heavy-duty trucks, buses and specialty vehicles, while also offering factory-authorized parts, collision repair, maintenance and warranty support across its network of dealerships.

Founded in 1965, Rush Enterprises has grown to encompass more than 150 locations in over 20 states, partnering with major manufacturers including Kenworth, Peterbilt, Freightliner, Volvo and Mack.