Tudor Investment Corp ET AL Trims Stock Position in Rush Enterprises, Inc. $RUSHA

Tudor Investment Corp ET AL decreased its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 7.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 229,506 shares of the company’s stock after selling 18,779 shares during the period. Tudor Investment Corp ET AL owned 0.30% of Rush Enterprises worth $12,272,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its position in Rush Enterprises by 250.0% in the third quarter. Farther Finance Advisors LLC now owns 511 shares of the company’s stock valued at $27,000 after acquiring an additional 365 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of Rush Enterprises by 495.4% during the third quarter. CIBC Private Wealth Group LLC now owns 518 shares of the company’s stock worth $28,000 after purchasing an additional 431 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of Rush Enterprises during the third quarter worth about $34,000. Allworth Financial LP increased its position in shares of Rush Enterprises by 5,790.9% during the third quarter. Allworth Financial LP now owns 648 shares of the company’s stock worth $35,000 after purchasing an additional 637 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Rush Enterprises by 427.7% during the second quarter. EverSource Wealth Advisors LLC now owns 781 shares of the company’s stock worth $40,000 after purchasing an additional 633 shares in the last quarter. 84.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. UBS Group reissued a “neutral” rating and issued a $73.00 target price (up from $70.00) on shares of Rush Enterprises in a research report on Wednesday, February 18th. Weiss Ratings lowered Rush Enterprises from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, March 11th. Stephens reaffirmed an “overweight” rating and set a $80.00 price target (up from $55.00) on shares of Rush Enterprises in a research report on Thursday, February 19th. Wall Street Zen upgraded Rush Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Finally, Zacks Research raised Rush Enterprises from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $76.50.

Rush Enterprises Stock Down 0.2%

RUSHA opened at $63.01 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.40 and a quick ratio of 0.37. Rush Enterprises, Inc. has a 12 month low of $45.67 and a 12 month high of $75.99. The stock has a market capitalization of $4.85 billion, a P/E ratio of 19.27, a P/E/G ratio of 0.77 and a beta of 0.91. The business has a 50 day simple moving average of $66.95 and a 200-day simple moving average of $58.12.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings data on Tuesday, February 17th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.12. Rush Enterprises had a return on equity of 11.96% and a net margin of 3.55%.The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.72 billion. On average, equities analysts anticipate that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Tuesday, March 3rd were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Tuesday, March 3rd. Rush Enterprises’s dividend payout ratio (DPR) is currently 23.24%.

Insider Activity at Rush Enterprises

In other Rush Enterprises news, Director Raymond Joseph Chess sold 10,000 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $65.05, for a total transaction of $650,500.00. Following the transaction, the director directly owned 41,170 shares in the company, valued at approximately $2,678,108.50. This represents a 19.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 transaction of $566,480.00. Following the completion of the transaction, the director directly owned 16,229 shares of the company’s stock, valued at approximately $1,149,175.49. This trade represents a 33.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 33,750 shares of company stock worth $2,349,450. 12.28% of the stock is owned by company 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.