Rush Enterprises, Inc. $RUSHA Shares Sold by Beck Mack & Oliver LLC

Beck Mack & Oliver LLC decreased its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 968,901 shares of the company’s stock after selling 12,487 shares during the quarter. Rush Enterprises accounts for approximately 0.9% of Beck Mack & Oliver LLC’s holdings, making the stock its 28th largest position. Beck Mack & Oliver LLC owned approximately 1.25% of Rush Enterprises worth $51,807,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Royal Bank of Canada grew its holdings in Rush Enterprises by 33.6% during the first quarter. Royal Bank of Canada now owns 10,786 shares of the company’s stock worth $575,000 after acquiring an additional 2,715 shares during the period. AQR Capital Management LLC lifted its holdings in Rush Enterprises by 8.0% in the 1st quarter. AQR Capital Management LLC now owns 24,509 shares of the company’s stock valued at $1,309,000 after acquiring an additional 1,806 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Rush Enterprises by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,225 shares of the company’s stock valued at $1,935,000 after acquiring an additional 1,592 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Rush Enterprises by 18.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 390,387 shares of the company’s stock valued at $20,851,000 after purchasing an additional 60,615 shares in the last quarter. Finally, Caxton Associates LLP acquired a new position in shares of Rush Enterprises in the 1st quarter worth approximately $221,000. Institutional investors and hedge funds own 84.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RUSHA. Weiss Ratings cut shares of Rush Enterprises from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Stephens restated an “overweight” rating and issued a $80.00 target price (up from $55.00) on shares of Rush Enterprises in a report on Thursday, February 19th. Zacks Research raised Rush Enterprises from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Wall Street Zen upgraded Rush Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, UBS Group restated a “neutral” rating and set a $73.00 price objective (up from $70.00) on shares of Rush Enterprises in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $76.50.

Rush Enterprises Price Performance

Shares of RUSHA opened at $61.74 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.37 and a current ratio of 1.40. The firm has a market cap of $4.75 billion, a PE ratio of 18.88, a PEG ratio of 0.76 and a beta of 0.91. The firm’s 50 day moving average price is $66.37 and its 200 day moving average price is $57.94. Rush Enterprises, Inc. has a twelve month low of $45.67 and a twelve month high of $75.99.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.69 by $0.12. Rush Enterprises had a net margin of 3.55% and a return on equity of 11.96%. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.72 billion. As a group, research analysts expect that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Tuesday, March 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, March 3rd. Rush Enterprises’s dividend payout ratio (DPR) is 23.24%.

Insider Buying and Selling

In other Rush Enterprises news, SVP Jody Pollard sold 11,250 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $71.92, for a total value of $809,100.00. Following the completion of the sale, the senior vice president owned 3,385 shares of the company’s stock, valued at $243,449.20. The trade was a 76.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Mcroberts sold 8,000 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $70.81, for a total value of $566,480.00. Following the transaction, the director directly owned 16,229 shares in the company, valued at approximately $1,149,175.49. This represents a 33.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 33,750 shares of company stock valued at $2,349,450 in the last three months. 12.28% of the stock is currently owned by corporate insiders.

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.