Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Sold by Denali Advisors LLC

Denali Advisors LLC reduced its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 15.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 119,465 shares of the company’s stock after selling 21,020 shares during the quarter. Denali Advisors LLC’s holdings in Rush Enterprises were worth $6,545,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Blue Trust Inc. increased its holdings in shares of Rush Enterprises by 266.1% in the 3rd quarter. Blue Trust Inc. now owns 703 shares of the company’s stock valued at $37,000 after acquiring an additional 511 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Rush Enterprises by 24.4% in the fourth quarter. GAMMA Investing LLC now owns 979 shares of the company’s stock worth $54,000 after purchasing an additional 192 shares during the period. Costello Asset Management INC acquired a new stake in shares of Rush Enterprises during the third quarter worth $58,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Rush Enterprises during the third quarter worth $64,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Rush Enterprises by 73.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,479 shares of the company’s stock worth $78,000 after buying an additional 628 shares during the last quarter. Institutional investors and hedge funds own 84.43% of the company’s stock.

Rush Enterprises Trading Up 3.0 %

NASDAQ:RUSHA opened at $56.89 on Wednesday. The stock has a market cap of $4.50 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 1.04 and a beta of 1.02. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.45. Rush Enterprises, Inc. has a 1 year low of $40.99 and a 1 year high of $65.43. The business has a fifty day moving average of $58.03 and a 200-day moving average of $56.16.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.09. Rush Enterprises had a net margin of 3.90% and a return on equity of 14.76%. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.86 billion. Equities analysts predict that Rush Enterprises, Inc. will post 3.91 earnings per share for the current year.

Rush Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.27%. Rush Enterprises’s dividend payout ratio (DPR) is presently 19.30%.

Insider Transactions at Rush Enterprises

In related news, SVP Jody Pollard sold 11,250 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $56.43, for a total value of $634,837.50. Following the completion of the transaction, the senior vice president now owns 3,117 shares of the company’s stock, valued at approximately $175,892.31. This trade represents a 78.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Mcroberts sold 4,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $58.52, for a total transaction of $234,080.00. Following the sale, the director now directly owns 15,771 shares in the company, valued at approximately $922,918.92. This trade represents a 20.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 12.53% of the company’s stock.

Analysts Set New Price Targets

Separately, Stephens restated an “overweight” rating and issued a $69.00 target price on shares of Rush Enterprises in a research note on Wednesday, February 19th.

About Rush Enterprises

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.