Occudo Quantitative Strategies LP Sells 15,781 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Occudo Quantitative Strategies LP lowered its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 69.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,088 shares of the company’s stock after selling 15,781 shares during the period. Occudo Quantitative Strategies LP’s holdings in Rush Enterprises were worth $388,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in RUSHA. Barclays PLC increased its position in shares of Rush Enterprises by 217.5% in the 3rd quarter. Barclays PLC now owns 114,759 shares of the company’s stock valued at $6,063,000 after buying an additional 78,616 shares in the last quarter. Inspire Investing LLC increased its holdings in Rush Enterprises by 181.1% during the 4th quarter. Inspire Investing LLC now owns 21,960 shares of the company’s stock worth $1,203,000 after purchasing an additional 14,149 shares in the last quarter. Oliver Luxxe Assets LLC acquired a new stake in shares of Rush Enterprises in the 4th quarter valued at about $1,567,000. Nilsine Partners LLC lifted its holdings in shares of Rush Enterprises by 3.3% in the fourth quarter. Nilsine Partners LLC now owns 47,624 shares of the company’s stock valued at $2,609,000 after purchasing an additional 1,524 shares in the last quarter. Finally, EMC Capital Management boosted its position in shares of Rush Enterprises by 82.6% during the fourth quarter. EMC Capital Management now owns 9,603 shares of the company’s stock worth $526,000 after buying an additional 4,345 shares during the period. Institutional investors own 84.43% of the company’s stock.

Rush Enterprises Stock Up 1.3%

Shares of Rush Enterprises stock opened at $51.69 on Friday. The business’s 50 day simple moving average is $52.04 and its 200 day simple moving average is $56.53. Rush Enterprises, Inc. has a 52-week low of $40.99 and a 52-week high of $65.43. The firm has a market cap of $4.10 billion, a PE ratio of 13.86, a P/E/G ratio of 1.04 and a beta of 0.94. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.45.

Rush Enterprises (NASDAQ:RUSHA) last announced its earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.86 billion. On average, analysts predict that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Monday, May 12th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Monday, May 12th. Rush Enterprises’s dividend payout ratio is presently 20.11%.

Insider Activity at Rush Enterprises

In other Rush Enterprises news, SVP Jody Pollard sold 11,250 shares of the business’s stock in a transaction that occurred on 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 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Mcroberts sold 4,000 shares of Rush Enterprises stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $58.52, for a total value of $234,080.00. Following the transaction, the director now 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. 12.28% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Stephens dropped their target price on Rush Enterprises from $63.00 to $61.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd.

About Rush Enterprises

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.