Harbor Capital Advisors Inc. Decreases Stake in Rush Enterprises, Inc. $RUSHA

Harbor Capital Advisors Inc. trimmed its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 65.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,979 shares of the company’s stock after selling 35,361 shares during the period. Harbor Capital Advisors Inc.’s holdings in Rush Enterprises were worth $1,015,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in shares of Rush Enterprises by 250.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 511 shares of the company’s stock worth $27,000 after acquiring an additional 365 shares in the last quarter. Nilsine Partners LLC boosted its stake in Rush Enterprises by 2.6% in the third quarter. Nilsine Partners LLC now owns 56,313 shares of the company’s stock valued at $3,011,000 after acquiring an additional 1,446 shares in the last quarter. Texas Permanent School Fund Corp grew its stake in Rush Enterprises by 23.3% during the 2nd quarter. Texas Permanent School Fund Corp now owns 41,252 shares of the company’s stock worth $2,125,000 after buying an additional 7,793 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in shares of Rush Enterprises by 45.7% in the second quarter. Squarepoint Ops LLC now owns 78,985 shares of the company’s stock valued at $4,069,000 after acquiring an additional 24,768 shares during the period. Finally, State of Wyoming grew its position in Rush Enterprises by 117.2% during the 2nd quarter. State of Wyoming now owns 9,799 shares of the company’s stock worth $505,000 after purchasing an additional 5,288 shares during the last quarter. Institutional investors and hedge funds own 84.43% of the company’s stock.

Rush Enterprises Trading Down 0.9%

RUSHA opened at $55.61 on Friday. The firm has a market capitalization of $4.29 billion, a P/E ratio of 16.50, a P/E/G ratio of 1.68 and a beta of 0.93. The firm’s 50 day moving average is $52.09 and its 200-day moving average is $53.48. The company has a quick ratio of 0.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. Rush Enterprises, Inc. has a 52-week low of $45.67 and a 52-week high of $65.43.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings results on Thursday, May 20th. The company reported $0.79 earnings per share for the quarter. Rush Enterprises had a net margin of 3.57% and a return on equity of 12.52%. The business had revenue of $1.23 billion during the quarter. Analysts expect that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Wednesday, November 12th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, November 12th. Rush Enterprises’s dividend payout ratio (DPR) is 22.55%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on RUSHA shares. Stephens dropped their price target on shares of Rush Enterprises from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 5th. Wall Street Zen upgraded shares of Rush Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Zacks Research upgraded shares of Rush Enterprises from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Rush Enterprises in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $55.00.

Rush Enterprises 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.