Corbyn Investment Management Inc. MD Reduces Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Corbyn Investment Management Inc. MD lowered its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 0.9% during the fourth quarter, HoldingsChannel reports. The firm owned 28,877 shares of the company’s stock after selling 265 shares during the period. Corbyn Investment Management Inc. MD’s holdings in Rush Enterprises were worth $1,453,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its position in shares of Rush Enterprises by 13.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,590 shares of the company’s stock valued at $130,000 after purchasing an additional 300 shares in the last quarter. Gladius Capital Management LP grew its holdings in Rush Enterprises by 891.2% in the 3rd quarter. Gladius Capital Management LP now owns 1,120 shares of the company’s stock valued at $46,000 after buying an additional 1,007 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Rush Enterprises by 4.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,552 shares of the company’s stock worth $1,436,000 after acquiring an additional 1,222 shares during the last quarter. Quantbot Technologies LP raised its holdings in shares of Rush Enterprises by 30.2% during the 3rd quarter. Quantbot Technologies LP now owns 6,533 shares of the company’s stock worth $267,000 after acquiring an additional 1,515 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in shares of Rush Enterprises by 24.3% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 9,450 shares of the company’s stock valued at $386,000 after acquiring an additional 1,850 shares during the last quarter. Institutional investors and hedge funds own 84.43% of the company’s stock.

Rush Enterprises Trading Up 2.3 %

Shares of NASDAQ RUSHA traded up $1.06 during mid-day trading on Friday, reaching $46.47. 167,344 shares of the company’s stock were exchanged, compared to its average volume of 375,702. The company’s 50-day moving average is $49.35 and its 200-day moving average is $44.83. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.27 and a current ratio of 1.43. The firm has a market capitalization of $3.62 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 1.08 and a beta of 1.02. Rush Enterprises, Inc. has a 52-week low of $33.37 and a 52-week high of $53.78.

Rush Enterprises (NASDAQ:RUSHA) last announced its earnings results on Tuesday, April 23rd. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.08. Rush Enterprises had a net margin of 4.16% and a return on equity of 17.16%. The company had revenue of $1.87 billion during the quarter. During the same period last year, the business earned $1.07 EPS. Analysts expect that Rush Enterprises, Inc. will post 2.88 EPS for the current fiscal year.

Rush Enterprises Dividend Announcement

The company also recently announced 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. This represents a $0.68 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Wednesday, May 8th. Rush Enterprises’s payout ratio is 17.19%.

Insiders Place Their Bets

In related news, SVP Jody Pollard sold 11,250 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was 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 in the company, valued at approximately $134,073.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 17.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Stephens restated an “overweight” rating and set a $60.00 price objective on shares of Rush Enterprises in a research report on Wednesday. StockNews.com downgraded shares of Rush Enterprises from a “buy” rating to a “hold” rating in a report on Monday, January 1st.

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.