1 week Ago By Defense World Staff
Norges Bank bought a new position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 184,828 shares of the company’s stock, valued at approximately $10,127,000.
Norges Bank owned approximately 0.23% of Rush Enterprises as of its most recent SEC filing. Other institutional investors have also added to or reduced their stakes in the company.
Smartleaf Asset Management LLC raised its position in shares of Rush Enterprises by 475.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 851 shares of the company’s stock valued at $46,000 after buying an additional 703 shares in the last quarter.
GAMMA Investing LLC raised its position in Rush Enterprises by 24.4% during the fourth quarter. GAMMA Investing LLC now owns 979 shares of the company’s stock valued at $54,000 after purchasing an additional 192 shares in the last quarter.
Wilmington Savings Fund Society FSB purchased a new stake in Rush Enterprises during the third quarter valued at about $64,000. PNC Financial Services Group Inc. boosted its holdings in shares of Rush Enterprises by 71.
0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,435 shares of the company’s stock worth $79,000 after purchasing an additional 596 shares in the last quarter.
Finally, Sanctuary Advisors LLC bought a new position in shares of Rush Enterprises during the 4th quarter valued at about $179,000. 84.43% of the stock is currently owned by institutional investors.
Rush Enterprises Price PerformanceRUSHA stock opened at $49.31 on Wednesday. The company has a debt-to-equity ratio of 0.
23, a quick ratio of 0.28 and a current ratio of 1.45.
The firm has a market cap of $3.91 billion, a P/E ratio of 13.22, a P/E/G ratio of 1.
04 and a beta of 0.96. The firm’s fifty day moving average is $56.
31 and its 200 day moving average is $56.80. Rush Enterprises, Inc.
has a 52 week low of $40.99 and a 52 week high of $65.43.
Rush Enterprises (NASDAQ:RUSHA – Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.
82 by $0.09. The firm had revenue of $2.
01 billion for the quarter, compared to the consensus estimate of $1.86 billion. Rush Enterprises had a return on equity of 14.
76% and a net margin of 3.90%. Research analysts predict that Rush Enterprises, Inc.
will post 3.91 earnings per share for the current year. Rush Enterprises Announces DividendThe business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th.
Stockholders of record on Monday, March 3rd were paid a dividend of $0.18 per share. This represents a $0.
72 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Monday, March 3rd.
Rush Enterprises’s dividend payout ratio (DPR) is presently 19.30%. Insider Transactions at Rush EnterprisesIn other news, SVP Jody Pollard sold 11,250 shares of Rush Enterprises stock in a transaction that occurred on Tuesday, February 25th.
The stock was sold at an average price of $56.43, for a total value of $634,837.50.
Following the sale, the senior vice president now directly owns 3,117 shares in the company, valued at approximately $175,892.31. This trade represents a 78.
30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Mcroberts sold 4,000 shares of Rush Enterprises stock in a transaction on Thursday, February 20th.
The shares were sold at an average price of $58.52, for a total transaction of $234,080.00.
Following the completion of the sale, the director now owns 15,771 shares in the company, valued at approximately $922,918.92. This trade represents a 20.
23 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.
53% of the company’s stock. Analyst Ratings ChangesSeparately, Stephens restated an “overweight” rating and issued a $69.00 target price on shares of Rush Enterprises in a research report on Wednesday, February 19th.
Check Out Our Latest Report on RUSHARush Enterprises Company Profile (Free Report)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.
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