Rush Enterprises, Inc. $RUSHA Shares Bought by Denali Advisors LLC

Denali Advisors LLC grew its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 10.0% during the fourth quarter, Holdings Channel reports. The firm owned 148,811 shares of the company’s stock after acquiring an additional 13,515 shares during the quarter. Rush Enterprises comprises 0.9% of Denali Advisors LLC’s portfolio, making the stock its 16th largest holding. Denali Advisors LLC’s holdings in Rush Enterprises were worth $8,027,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC raised its holdings in shares of Rush Enterprises by 250.0% during the third quarter. Farther Finance Advisors LLC now owns 511 shares of the company’s stock worth $27,000 after purchasing an additional 365 shares during the period. CIBC Private Wealth Group LLC raised its holdings in shares of Rush Enterprises by 495.4% during the third quarter. CIBC Private Wealth Group LLC now owns 518 shares of the company’s stock worth $28,000 after purchasing an additional 431 shares during the period. Private Trust Co. NA raised its holdings in shares of Rush Enterprises by 211.4% during the fourth quarter. Private Trust Co. NA now owns 545 shares of the company’s stock worth $29,000 after purchasing an additional 370 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in shares of Rush Enterprises during the third quarter worth $34,000. Finally, Allworth Financial LP raised its holdings in shares of Rush Enterprises by 5,790.9% during the third quarter. Allworth Financial LP now owns 648 shares of the company’s stock worth $35,000 after purchasing an additional 637 shares during the period. 84.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on RUSHA shares. Wall Street Zen cut shares of Rush Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Wolfe Research started coverage on shares of Rush Enterprises in a research report on Monday, April 27th. They set an “outperform” rating and a $88.00 price target for the company. Zacks Research lowered shares of Rush Enterprises from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 21st. UBS Group upped their price target on shares of Rush Enterprises from $73.00 to $78.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, Stephens restated an “overweight” rating and set a $85.00 price target (up from $80.00) on shares of Rush Enterprises in a research report on Thursday, April 30th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $83.67.

Rush Enterprises Stock Up 1.4%

Rush Enterprises stock opened at $72.31 on Friday. The company has a 50-day simple moving average of $68.84 and a 200-day simple moving average of $61.66. The firm has a market capitalization of $5.56 billion, a P/E ratio of 21.85, a P/E/G ratio of 1.51 and a beta of 0.93. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.37 and a current ratio of 1.46. Rush Enterprises, Inc. has a one year low of $45.67 and a one year high of $76.99.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.72 by $0.05. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.73 billion. Rush Enterprises had a net margin of 3.65% and a return on equity of 11.87%. As a group, equities analysts expect that Rush Enterprises, Inc. will post 3.79 earnings per share for the current year.

Rush Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Tuesday, May 12th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, May 12th. Rush Enterprises’s dividend payout ratio is currently 22.96%.

Insider Activity at Rush Enterprises

In related news, Director Raymond Joseph Chess sold 10,000 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $65.05, for a total value of $650,500.00. Following the completion of the transaction, the director owned 41,170 shares in the company, valued at $2,678,108.50. This represents a 19.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael Mcroberts sold 8,000 shares of the stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $72.23, for a total transaction of $577,840.00. Following the completion of the transaction, the director owned 16,229 shares of the company’s stock, valued at $1,172,220.67. This represents a 33.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 41,750 shares of company stock worth $2,927,290. 12.68% of the stock is currently owned by corporate insiders.

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.