56,541 Rush Enterprises, Inc. $RUSHA Shares Sold by New South Capital Management Inc.

New South Capital Management Inc. lessened its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 17.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 270,267 shares of the company’s stock after selling 56,541 shares during the quarter. New South Capital Management Inc. owned approximately 0.23% of Rush Enterprises worth $12,381,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in RUSHA. Hsbc Holdings PLC acquired a new position in shares of Rush Enterprises in the 4th quarter valued at about $776,000. Janus Henderson Group PLC grew its position in shares of Rush Enterprises by 83.9% during the 1st quarter. Janus Henderson Group PLC now owns 724,410 shares of the company’s stock valued at $47,920,000 after buying an additional 330,553 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. acquired a new stake in Rush Enterprises during the first quarter worth about $3,655,000. California State Teachers Retirement System raised its stake in Rush Enterprises by 27.3% during the first quarter. California State Teachers Retirement System now owns 72,875 shares of the company’s stock worth $4,818,000 after acquiring an additional 15,643 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Rush Enterprises by 145.7% in the first quarter. Renaissance Technologies LLC now owns 165,100 shares of the company’s stock worth $10,915,000 after acquiring an additional 97,900 shares during the last quarter. Institutional investors own 84.43% of the company’s stock.

Rush Enterprises Price Performance

NASDAQ RUSHA opened at $45.10 on Thursday. The company has a 50-day moving average price of $46.46 and a two-hundred day moving average price of $36.95. Rush Enterprises, Inc. has a 52 week low of $30.94 and a 52 week high of $55.74. The stock has a market cap of $5.26 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 1.60 and a beta of 0.89. The company has a current ratio of 1.44, a quick ratio of 0.37 and a debt-to-equity ratio of 0.15.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings results on Tuesday, October 27th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. The company had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Rush Enterprises had a return on equity of 11.91% and a net margin of 3.70%. Analysts forecast that Rush Enterprises, Inc. will post 2.43 EPS for the current year.

Rush Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 11th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.56 annualized dividend and a yield of 1.2%. Rush Enterprises’s payout ratio is presently 24.24%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on RUSHA. Weiss Ratings reiterated a “buy (b-)” rating on shares of Rush Enterprises in a research report on Wednesday, October 21st. Stephens reduced their price objective on Rush Enterprises from $60.00 to $55.00 and set an “overweight” rating for the company in a research report on Thursday, October 29th. Wall Street Zen downgraded Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Sunday. UBS Group reaffirmed a “neutral” rating and issued a $56.67 target price (up from $52.00) on shares of Rush Enterprises in a research report on Tuesday, August 25th. Finally, Zacks Research upgraded Rush Enterprises from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, November 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Rush Enterprises presently has an average rating of “Buy” and an average price target of $50.26.

About Rush Enterprises

Rush Enterprises, Inc. operates Rush Truck Centers, a network of commercial vehicle dealerships serving customers in the United States and Canada. The company sells new and used heavy-, medium- and light-duty trucks, representing manufacturers such as Peterbilt and other commercial vehicle brands. Its services include truck parts and repairs, collision and body work, leasing and rentals, and related financing and insurance products. Rush also provides aftermarket support designed to help commercial fleets and individual truck operators maintain and manage their vehicles.