Leuthold Group LLC Trims Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Leuthold Group LLC reduced its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 11.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 55,463 shares of the company’s stock after selling 7,039 shares during the quarter. Leuthold Group LLC owned 0.07% of Rush Enterprises worth $3,039,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

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

Insider Transactions at Rush Enterprises

In related news, Director Michael Mcroberts sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $58.52, for a total value of $234,080.00. Following the completion of the transaction, the director now directly owns 15,771 shares of the company’s stock, valued at $922,918.92. This represents a 20.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 12.53% of the company’s stock.

Rush Enterprises Price Performance

Shares of NASDAQ RUSHA opened at $55.72 on Friday. 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 company has a market cap of $4.40 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 1.04 and a beta of 1.02. The stock’s 50-day moving average is $58.16 and its two-hundred day moving average is $56.02. 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, topping 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 firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.86 billion. Analysts forecast that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd will be issued a $0.18 dividend. 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 1.29%. Rush Enterprises’s payout ratio is 19.30%.

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.