Rush Enterprises, Inc. $RUSHA Shares Bought by Dean Capital Management

Dean Capital Management grew its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 55.4% during the first quarter, HoldingsChannel reports. The firm owned 21,024 shares of the company’s stock after purchasing an additional 7,493 shares during the quarter. Dean Capital Management’s holdings in Rush Enterprises were worth $1,390,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in RUSHA. OMERS ADMINISTRATION Corp grew its position in shares of Rush Enterprises by 14.1% in the first quarter. OMERS ADMINISTRATION Corp now owns 4,844 shares of the company’s stock valued at $320,000 after purchasing an additional 600 shares during the period. Renaissance Technologies LLC increased its stake in Rush Enterprises by 145.7% in the first quarter. Renaissance Technologies LLC now owns 165,100 shares of the company’s stock valued at $10,915,000 after purchasing an additional 97,900 shares during the last quarter. Inceptionr LLC purchased a new position in Rush Enterprises during the first quarter worth about $731,000. Sei Investments Co. lifted its position in Rush Enterprises by 12.7% during the first quarter. Sei Investments Co. now owns 92,419 shares of the company’s stock worth $6,110,000 after buying an additional 10,437 shares during the period. Finally, State of Wyoming boosted its stake in Rush Enterprises by 38.9% in the 1st quarter. State of Wyoming now owns 18,561 shares of the company’s stock worth $1,227,000 after buying an additional 5,195 shares during the last quarter. Institutional investors and hedge funds own 84.43% of the company’s stock.

Insider Transactions at Rush Enterprises

In related news, Director Michael Mcroberts sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $72.23, for a total value of $577,840.00. Following the transaction, the director owned 16,229 shares in the company, valued at approximately $1,172,220.67. This trade represents a 33.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 12.68% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on RUSHA shares. Wall Street Zen cut Rush Enterprises from a “buy” rating to a “hold” rating in a report on Sunday, June 14th. Stephens reissued an “overweight” rating and issued a $85.00 target price on shares of Rush Enterprises in a research report on Tuesday, May 19th. Weiss Ratings upgraded shares of Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Wolfe Research began coverage on shares of Rush Enterprises in a research report on Monday, April 27th. They set an “outperform” rating and a $88.00 price target for the company. Finally, Zacks Research raised shares of Rush Enterprises from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Rush Enterprises has an average rating of “Moderate Buy” and an average price target of $83.67.

Rush Enterprises Price Performance

RUSHA stock opened at $76.57 on Monday. The stock has a 50-day moving average price of $71.54 and a two-hundred day moving average price of $69.20. Rush Enterprises, Inc. has a 12-month low of $45.67 and a 12-month high of $80.17. The company has a current ratio of 1.46, a quick ratio of 0.37 and a debt-to-equity ratio of 0.16. The company has a market cap of $5.95 billion, a PE ratio of 23.13, a price-to-earnings-growth ratio of 1.69 and a beta of 0.89.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.72 by $0.05. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.73 billion. Rush Enterprises had a return on equity of 11.87% and a net margin of 3.65%. As a group, research analysts predict that Rush Enterprises, Inc. will post 3.75 EPS for the current year.

Rush Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, May 12th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, May 12th. Rush Enterprises’s dividend payout ratio is 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.