SG Americas Securities LLC Purchases 10,545 Shares of Rush Enterprises, Inc. $RUSHA

SG Americas Securities LLC boosted its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 63.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,040 shares of the company’s stock after purchasing an additional 10,545 shares during the period. SG Americas Securities LLC’s holdings in Rush Enterprises were worth $1,459,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in RUSHA. State Street Corp raised its stake in shares of Rush Enterprises by 0.3% in the second quarter. State Street Corp now owns 2,359,238 shares of the company’s stock valued at $121,524,000 after acquiring an additional 6,994 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in Rush Enterprises by 14.4% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,179,236 shares of the company’s stock valued at $63,054,000 after purchasing an additional 148,363 shares in the last quarter. American Century Companies Inc. increased its holdings in Rush Enterprises by 38.6% during the 3rd quarter. American Century Companies Inc. now owns 1,173,429 shares of the company’s stock valued at $62,743,000 after purchasing an additional 326,917 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in Rush Enterprises by 15.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 785,998 shares of the company’s stock valued at $42,027,000 after purchasing an additional 105,450 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in Rush Enterprises by 91.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 628,855 shares of the company’s stock valued at $32,392,000 after purchasing an additional 301,119 shares during the last quarter. 84.43% of the stock is owned by institutional investors.

Insider Buying and Selling at Rush Enterprises

In related news, Director Raymond Joseph Chess sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $65.05, for a total transaction of $650,500.00. Following the completion of the sale, the director directly owned 41,170 shares of the company’s stock, valued at $2,678,108.50. The trade was a 19.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Michael L. Goldstone sold 4,500 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $71.86, for a total transaction of $323,370.00. Following the completion of the transaction, the senior vice president owned 12,590 shares in the company, valued at $904,717.40. This represents a 26.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 33,750 shares of company stock worth $2,349,450 over the last quarter. Company insiders own 12.28% of the company’s stock.

Rush Enterprises Stock Up 1.5%

NASDAQ RUSHA opened at $66.74 on Tuesday. The stock has a market capitalization of $5.14 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 0.81 and a beta of 0.89. Rush Enterprises, Inc. has a 52 week low of $45.67 and a 52 week high of $75.99. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.37 and a current ratio of 1.40. The stock has a fifty day moving average of $67.88 and a 200-day moving average of $58.83.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.12. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.72 billion. Rush Enterprises had a return on equity of 11.96% and a net margin of 3.55%. On average, equities research analysts forecast that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Tuesday, March 3rd were given a dividend of $0.19 per share. The ex-dividend date was Tuesday, March 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 1.1%. Rush Enterprises’s dividend payout ratio is presently 23.24%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on RUSHA shares. UBS Group restated a “neutral” rating and set a $73.00 target price (up from $70.00) on shares of Rush Enterprises in a report on Wednesday, February 18th. Wall Street Zen downgraded shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Stephens reissued an “overweight” rating and set a $80.00 price objective (up from $55.00) on shares of Rush Enterprises in a report on Thursday, February 19th. Finally, Weiss Ratings upgraded shares of Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, March 25th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Rush Enterprises presently has an average rating of “Moderate Buy” and an average price target of $76.50.

Rush Enterprises Company 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.