Bfsg LLC Purchases New Position in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Bfsg LLC purchased a new stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 2,691 shares of the company’s stock, valued at approximately $135,000.

Several other large investors have also added to or reduced their stakes in the business. Yousif Capital Management LLC purchased a new stake in Rush Enterprises in the 4th quarter valued at about $1,493,000. Handelsbanken Fonder AB increased its stake in Rush Enterprises by 86.6% in the 4th quarter. Handelsbanken Fonder AB now owns 26,939 shares of the company’s stock valued at $1,355,000 after buying an additional 12,500 shares during the last quarter. Cornerstone Investment Partners LLC purchased a new stake in Rush Enterprises in the 4th quarter valued at about $211,000. Beverly Hills Private Wealth LLC purchased a new stake in Rush Enterprises in the 4th quarter valued at about $373,000. Finally, Louisiana State Employees Retirement System purchased a new stake in Rush Enterprises in the 4th quarter valued at about $1,549,000. Institutional investors own 84.43% of the company’s stock.

Rush Enterprises Trading Down 2.7 %

RUSHA stock traded down $1.24 during trading on Thursday, reaching $45.20. The company had a trading volume of 82,921 shares, compared to its average volume of 374,326. Rush Enterprises, Inc. has a 52 week low of $33.37 and a 52 week high of $53.78. The company has a market cap of $3.52 billion, a P/E ratio of 11.74, a PEG ratio of 1.14 and a beta of 1.02. The business has a 50 day moving average of $49.41 and a 200 day moving average of $44.82. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.35 and a quick ratio of 0.27.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.08. Rush Enterprises had a net margin of 4.16% and a return on equity of 17.28%. The firm had revenue of $1.87 billion for the quarter. During the same quarter in the previous year, the company earned $1.07 EPS. As a group, sell-side analysts forecast that Rush Enterprises, Inc. will post 2.88 earnings per share for the current fiscal year.

Rush Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 9th will be given a $0.17 dividend. The ex-dividend date is Wednesday, May 8th. This represents a $0.68 annualized dividend and a yield of 1.50%. Rush Enterprises’s payout ratio is presently 17.19%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on RUSHA. Stephens restated an “overweight” rating and set a $60.00 price target on shares of Rush Enterprises in a research note on Wednesday. StockNews.com cut shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Monday, January 1st.

Insiders Place Their Bets

In related news, SVP Jody Pollard sold 11,250 shares of Rush Enterprises stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $48.28, for a total transaction of $543,150.00. Following the completion of the transaction, 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 filing with the SEC, which is available through the SEC website. Insiders own 17.10% of the company’s stock.

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.