Rush Enterprises, Inc. (NASDAQ:RUSHA) is Global Alpha Capital Management Ltd.’s 8th Largest Position

Global Alpha Capital Management Ltd. raised its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 789,190 shares of the company’s stock after acquiring an additional 15,200 shares during the quarter. Rush Enterprises makes up 3.1% of Global Alpha Capital Management Ltd.’s portfolio, making the stock its 8th biggest holding. Global Alpha Capital Management Ltd.’s holdings in Rush Enterprises were worth $43,240,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC boosted its stake in shares of Rush Enterprises by 34.8% during the 3rd quarter. FMR LLC now owns 5,174,262 shares of the company’s stock worth $273,356,000 after acquiring an additional 1,336,528 shares during the last quarter. Jennison Associates LLC lifted its position in Rush Enterprises by 1,398.4% during the fourth quarter. Jennison Associates LLC now owns 509,380 shares of the company’s stock valued at $27,909,000 after purchasing an additional 475,384 shares in the last quarter. Proficio Capital Partners LLC grew its holdings in Rush Enterprises by 5,379.0% during the fourth quarter. Proficio Capital Partners LLC now owns 334,822 shares of the company’s stock valued at $18,345,000 after purchasing an additional 328,711 shares during the period. Janus Henderson Group PLC increased its position in Rush Enterprises by 148.1% in the third quarter. Janus Henderson Group PLC now owns 308,204 shares of the company’s stock worth $16,282,000 after buying an additional 183,965 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Rush Enterprises in the fourth quarter worth about $9,822,000. 84.43% of the stock is owned by hedge funds and other institutional investors.

Rush Enterprises Stock Performance

RUSHA opened at $55.40 on Friday. The company has a 50 day simple moving average of $58.27 and a two-hundred day simple moving average of $56.36. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.45 and a quick ratio of 0.28. The firm has a market cap of $4.39 billion, a P/E ratio of 14.85, a PEG ratio of 1.04 and a beta of 1.06. Rush Enterprises, Inc. has a 1-year low of $40.99 and a 1-year high of $65.43.

Rush Enterprises (NASDAQ:RUSHA) last released its earnings results on Tuesday, February 18th. The company reported $0.91 earnings per share 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 company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Equities analysts forecast that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Monday, March 3rd. Rush Enterprises’s dividend payout ratio (DPR) is 19.30%.

Insider Buying and Selling

In related news, Director Michael Mcroberts sold 4,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $58.52, for a total value of $234,080.00. Following the sale, the director now directly owns 15,771 shares in the company, valued at approximately $922,918.92. The trade was a 20.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jody Pollard sold 11,250 shares of the 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 transaction, the senior vice president now directly owns 3,117 shares of the company’s stock, valued at approximately $175,892.31. The trade was a 78.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.53% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Stephens reaffirmed an “overweight” rating and set a $69.00 price objective on shares of Rush Enterprises in a research report on Wednesday, February 19th.

Rush Enterprises Profile

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.