Denali Advisors LLC Grows Stock Holdings in Rush Enterprises, Inc. $RUSHA

Denali Advisors LLC grew its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 10.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 148,811 shares of the company’s stock after buying an additional 13,515 shares during the quarter. Rush Enterprises accounts for 0.9% of Denali Advisors LLC’s portfolio, making the stock its 16th largest position. Denali Advisors LLC owned about 0.19% of Rush Enterprises worth $8,027,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. State Street Corp grew its stake in Rush Enterprises by 0.3% during the second quarter. State Street Corp now owns 2,359,238 shares of the company’s stock worth $121,524,000 after buying an additional 6,994 shares during the period. American Century Companies Inc. lifted its position in shares of Rush Enterprises by 38.6% during the third quarter. American Century Companies Inc. now owns 1,173,429 shares of the company’s stock worth $62,743,000 after purchasing an additional 326,917 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Rush Enterprises by 15.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 785,998 shares of the company’s stock worth $42,027,000 after purchasing an additional 105,450 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Rush Enterprises by 91.9% during the second quarter. Ameriprise Financial Inc. now owns 628,855 shares of the company’s stock worth $32,392,000 after purchasing an additional 301,119 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Rush Enterprises by 280.4% during the third quarter. Millennium Management LLC now owns 540,942 shares of the company’s stock worth $28,924,000 after purchasing an additional 398,721 shares in the last quarter. 84.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Wolfe Research assumed coverage on shares of Rush Enterprises in a research report on Monday, April 27th. They set an “outperform” rating and a $88.00 target price on the stock. Weiss Ratings raised shares of Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, March 25th. Zacks Research cut shares of Rush Enterprises from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 21st. Stephens reissued an “overweight” rating and set a $85.00 target price (up from $80.00) on shares of Rush Enterprises in a research report on Thursday, April 30th. Finally, UBS Group boosted their target price 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. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $83.67.

Insider Activity at Rush Enterprises

In related news, SVP Jody Pollard sold 11,250 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $71.92, for a total value of $809,100.00. Following the sale, the senior vice president directly owned 3,385 shares of the company’s stock, valued at $243,449.20. This represents a 76.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Raymond Joseph Chess sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $65.05, for a total transaction of $650,500.00. Following the completion of the sale, the director directly owned 41,170 shares in the company, valued at $2,678,108.50. This represents a 19.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 41,750 shares of company stock valued at $2,927,290. Insiders own 12.68% of the company’s stock.

Rush Enterprises Trading Up 1.4%

RUSHA opened at $72.31 on Friday. The stock has a market capitalization of $5.56 billion, a PE ratio of 21.85, a P/E/G ratio of 1.51 and a beta of 0.93. The firm’s fifty day moving average price is $68.84 and its 200 day moving average price is $61.66. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 0.37. Rush Enterprises, Inc. has a 12-month low of $45.67 and a 12-month high of $76.99.

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

Rush Enterprises Announces Dividend

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

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.