Edgestream Partners L.P. Makes New Investment in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Edgestream Partners L.P. bought a new position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 22,354 shares of the company’s stock, valued at approximately $1,225,000.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in shares of Rush Enterprises by 24.4% during the fourth quarter. GAMMA Investing LLC now owns 979 shares of the company’s stock worth $54,000 after purchasing an additional 192 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Rush Enterprises by 0.7% during the fourth quarter. Louisiana State Employees Retirement System now owns 30,100 shares of the company’s stock worth $1,649,000 after purchasing an additional 200 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Rush Enterprises by 1.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 32,516 shares of the company’s stock worth $1,782,000 after purchasing an additional 345 shares in the last quarter. Verdence Capital Advisors LLC boosted its position in shares of Rush Enterprises by 5.0% during the third quarter. Verdence Capital Advisors LLC now owns 7,785 shares of the company’s stock worth $411,000 after purchasing an additional 370 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its position in shares of Rush Enterprises by 4.3% during the fourth quarter. QRG Capital Management Inc. now owns 14,142 shares of the company’s stock worth $775,000 after purchasing an additional 578 shares in the last quarter. Institutional investors and hedge funds own 84.43% of the company’s stock.

Rush Enterprises Trading Down 1.7 %

RUSHA opened at $54.47 on Tuesday. The stock has a market capitalization of $4.32 billion, a P/E ratio of 14.60, a P/E/G ratio of 1.04 and a beta of 1.06. Rush Enterprises, Inc. has a 12 month low of $40.99 and a 12 month high of $65.43. The firm’s fifty day simple moving average is $58.29 and its 200 day simple moving average is $56.47. The company has a current ratio of 1.45, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23.

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

Rush Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Monday, March 3rd will be given a $0.18 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.72 annualized dividend and a yield of 1.32%. Rush Enterprises’s dividend payout ratio is currently 19.30%.

Insider Activity at Rush Enterprises

In other Rush Enterprises news, Director Michael Mcroberts sold 4,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $922,918.92. The trade was a 20.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Jody Pollard sold 11,250 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $56.43, for a total transaction of $634,837.50. Following the sale, the senior vice president now directly owns 3,117 shares in the company, valued at $175,892.31. This trade represents 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 insiders.

Analyst Ratings Changes

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

Rush Enterprises Company 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.