1 week Ago By ABMN Staff
Norges Bank purchased a new stake 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 firm purchased 184,828 shares of the company’s stock, valued at approximately $10,127,000.
Several other large investors have also recently modified their holdings of RUSHA. Smartleaf Asset Management LLC raised its holdings in Rush Enterprises by 475.0% in the 4th quarter.
Smartleaf Asset Management LLC now owns 851 shares of the company’s stock worth $46,000 after acquiring an additional 703 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Rush Enterprises by 24.4% in the fourth quarter.
GAMMA Investing LLC now owns 979 shares of the company’s stock worth $54,000 after purchasing an additional 192 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Rush Enterprises during the third quarter valued at $64,000. PNC Financial Services Group Inc.
lifted its holdings in shares of Rush Enterprises by 71.0% during the fourth quarter. PNC Financial Services Group Inc.
now owns 1,435 shares of the company’s stock valued at $79,000 after purchasing an additional 596 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Rush Enterprises during the fourth quarter valued at $179,000. Hedge funds and other institutional investors own 84.
43% of the company’s stock. Wall Street Analysts Forecast Growth Separately, Stephens restated an “overweight” rating and set a $69.00 target price on shares of Rush Enterprises in a research note on Wednesday, February 19th.
Insider Activity at Rush Enterprises In other news, SVP Jody Pollard sold 11,250 shares of Rush Enterprises stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $56.43, for a total transaction of $634,837.
50. Following the transaction, the senior vice president now directly owns 3,117 shares of the company’s stock, valued at $175,892.31.
The trade was a 78.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink .
Also, Director Michael Mcroberts sold 4,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was 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 directly owns 15,771 shares of the company’s stock, valued at $922,918.92.
This represents a 20.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
12.53% of the stock is currently owned by company insiders. Rush Enterprises Trading Down 1.
4 % NASDAQ:RUSHA opened at $49.31 on Wednesday. The company has a market cap of $3.
91 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 1.04 and a beta of 0.
96. The company has a current ratio of 1.45, a quick ratio of 0.
28 and a debt-to-equity ratio of 0.23. The company has a 50 day simple moving average of $56.
31 and a two-hundred day simple moving average of $56.80. Rush Enterprises, Inc.
has a 12 month low of $40.99 and a 12 month high of $65.43.
Rush Enterprises ( NASDAQ:RUSHA – Get Free Report ) last issued 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 company had revenue of $2.
01 billion during the quarter, compared to analyst estimates of $1.86 billion. Rush Enterprises had a return on equity of 14.
76% and a net margin of 3.90%. Research analysts forecast that Rush Enterprises, Inc.
will post 3.91 earnings per share for the current year. Rush Enterprises Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th.
Investors of record on Monday, March 3rd were issued a $0.18 dividend. 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 payout ratio is 19.30%. Rush Enterprises 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. Featured Articles Want to see what other hedge funds are holding RUSHA? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Rush Enterprises, Inc. ( NASDAQ:RUSHA – Free Report ). Receive News & Ratings for Rush Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rush Enterprises and related companies with MarketBeat.
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