Rush Enterprises, Inc. $RUSHA Shares Sold by Cwm LLC

Cwm LLC cut its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 21.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,488 shares of the company’s stock after selling 7,136 shares during the quarter. Cwm LLC’s holdings in Rush Enterprises were worth $1,429,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RUSHA. Farther Finance Advisors LLC raised its stake in shares of Rush Enterprises by 250.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 511 shares of the company’s stock worth $27,000 after buying an additional 365 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of Rush Enterprises by 495.4% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 518 shares of the company’s stock worth $28,000 after buying an additional 431 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of Rush Enterprises during the 3rd quarter worth approximately $34,000. Allworth Financial LP raised its stake in shares of Rush Enterprises by 5,790.9% during the 3rd quarter. Allworth Financial LP now owns 648 shares of the company’s stock worth $35,000 after buying an additional 637 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake 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 buying an additional 633 shares in the last quarter. 84.43% of the stock is owned by hedge funds and other institutional investors.

Rush Enterprises Price Performance

RUSHA stock opened at $74.92 on Monday. Rush Enterprises, Inc. has a 52-week low of $45.67 and a 52-week high of $76.45. The stock’s fifty day simple moving average is $68.80 and its 200-day simple moving average is $60.57. The company has a quick ratio of 0.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of 22.91, a price-to-earnings-growth ratio of 1.48 and a beta of 0.89.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings data on Tuesday, February 17th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.12. Rush Enterprises had a return on equity of 11.96% and a net margin of 3.55%.The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Equities research analysts expect that Rush Enterprises, Inc. will post 3.81 EPS for the current year.

Rush Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Tuesday, March 3rd were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, March 3rd. This represents a $0.76 annualized dividend and a dividend yield of 1.0%. Rush Enterprises’s dividend payout ratio (DPR) is 23.24%.

Insider Transactions at Rush Enterprises

In related news, SVP Jody Pollard sold 11,250 shares of Rush Enterprises stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $71.92, for a total value of $809,100.00. Following the transaction, the senior vice president owned 3,385 shares in the company, valued at approximately $243,449.20. This trade represents a 76.87% 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, SVP Michael L. Goldstone sold 4,500 shares of Rush Enterprises stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $71.86, for a total value 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. The trade was a 26.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 33,750 shares of company stock worth $2,349,450 over the last ninety days. 12.68% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Weiss Ratings raised Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 25th. Stephens reissued an “overweight” rating and set a $80.00 target price (up from $55.00) on shares of Rush Enterprises in a research note on Thursday, February 19th. Zacks Research downgraded Rush Enterprises from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 21st. Wall Street Zen downgraded Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $73.00 price objective (up from $70.00) on shares of Rush Enterprises in a research note on Wednesday, February 18th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $76.50.

About Rush Enterprises

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.