Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 13.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,590 shares of the company’s stock after acquiring an additional 300 shares during the period. Nisa Investment Advisors LLC’s holdings in Rush Enterprises were worth $130,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vaughan Nelson Investment Management L.P. grew its stake in Rush Enterprises by 4.3% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 786,252 shares of the company’s stock worth $39,548,000 after purchasing an additional 32,100 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Rush Enterprises by 4.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,552 shares of the company’s stock worth $1,436,000 after purchasing an additional 1,222 shares in the last quarter. New York State Teachers Retirement System acquired a new position in Rush Enterprises during the 4th quarter worth $781,000. International Assets Investment Management LLC grew its stake in Rush Enterprises by 4,929.9% during the 4th quarter. International Assets Investment Management LLC now owns 18,007 shares of the company’s stock worth $906,000 after purchasing an additional 17,649 shares in the last quarter. Finally, Camelot Portfolios LLC acquired a new position in Rush Enterprises during the 4th quarter worth $429,000. 84.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Jody Pollard sold 11,250 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $48.28, for a total value of $543,150.00. Following the completion of the sale, the senior vice president now directly owns 2,777 shares of the company’s stock, valued at approximately $134,073.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 17.10% of the company’s stock.

Rush Enterprises Stock Up 1.6 %

Shares of NASDAQ RUSHA opened at $48.71 on Friday. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 1.11 and a beta of 1.02. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.35 and a quick ratio of 0.27. The business has a 50-day moving average of $49.35 and a two-hundred day moving average of $44.65. Rush Enterprises, Inc. has a 1 year low of $33.37 and a 1 year high of $53.78.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.11. The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.88 billion. Rush Enterprises had a return on equity of 18.44% and a net margin of 4.38%. Rush Enterprises’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.16 EPS. On average, analysts forecast that Rush Enterprises, Inc. will post 2.88 earnings per share for the current fiscal year.

Rush Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Tuesday, February 27th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Monday, February 26th. Rush Enterprises’s payout ratio is currently 16.41%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Stephens reissued an “overweight” rating and set a $58.00 target price on shares of Rush Enterprises in a research note on Wednesday, February 14th. StockNews.com downgraded Rush Enterprises from a “buy” rating to a “hold” rating in a report on Monday, January 1st.

Rush Enterprises Profile

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.