15,529 Shares in Rush Enterprises, Inc. (NASDAQ:RUSHA) Purchased by New York State Teachers Retirement System

New York State Teachers Retirement System acquired a new position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 15,529 shares of the company’s stock, valued at approximately $781,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Comerica Bank increased its position in shares of Rush Enterprises by 66,200.0% during the 3rd quarter. Comerica Bank now owns 663 shares of the company’s stock worth $27,000 after purchasing an additional 662 shares during the last quarter. Gladius Capital Management LP boosted its holdings in Rush Enterprises by 891.2% during the 3rd quarter. Gladius Capital Management LP now owns 1,120 shares of the company’s stock valued at $46,000 after acquiring an additional 1,007 shares during the period. Quarry LP boosted its holdings in Rush Enterprises by 543.8% during the 1st quarter. Quarry LP now owns 1,249 shares of the company’s stock valued at $68,000 after acquiring an additional 1,055 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Rush Enterprises by 37.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,682 shares of the company’s stock valued at $69,000 after acquiring an additional 456 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in Rush Enterprises by 50.0% during the 3rd quarter. Lazard Asset Management LLC now owns 1,890 shares of the company’s stock valued at $77,000 after acquiring an additional 630 shares during the period. 84.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. StockNews.com cut Rush Enterprises from a “buy” rating to a “hold” rating in a report on Monday, January 1st. Stephens restated an “overweight” rating and set a $58.00 target price on shares of Rush Enterprises in a report on Wednesday, February 14th.

Insider Activity

In related news, SVP Jody Pollard sold 11,250 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $48.28, for a total transaction of $543,150.00. Following the completion of the sale, the senior vice president now owns 2,777 shares in the company, valued at $134,073.56. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 17.10% of the company’s stock.

Rush Enterprises Stock Performance

Shares of RUSHA opened at $47.96 on Friday. The stock has a 50-day simple moving average of $49.33 and a 200-day simple moving average of $44.57. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.27 and a current ratio of 1.35. The stock has a market capitalization of $3.74 billion, a PE ratio of 11.58, a PEG ratio of 1.14 and a beta of 1.02. Rush Enterprises, Inc. has a 1 year low of $33.37 and a 1 year high of $53.78.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.11. The business had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Rush Enterprises had a return on equity of 18.44% and a net margin of 4.38%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 EPS. On average, analysts predict that Rush Enterprises, Inc. will post 2.88 earnings per share for the current fiscal year.

Rush Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Tuesday, February 27th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Monday, February 26th. Rush Enterprises’s payout ratio is presently 16.43%.

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.