Occudo Quantitative Strategies LP Sells 15,781 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Occudo Quantitative Strategies LP trimmed its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 69.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,088 shares of the company’s stock after selling 15,781 shares during the period. Occudo Quantitative Strategies LP’s holdings in Rush Enterprises were worth $388,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global Alpha Capital Management Ltd. grew its stake in shares of Rush Enterprises by 2.0% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 789,190 shares of the company’s stock valued at $43,240,000 after purchasing an additional 15,200 shares during the period. Costello Asset Management INC grew its stake in shares of Rush Enterprises by 3,793.9% in the 4th quarter. Costello Asset Management INC now owns 42,833 shares of the company’s stock valued at $2,347,000 after purchasing an additional 41,733 shares during the period. Natixis Advisors LLC grew its stake in shares of Rush Enterprises by 4.9% in the 4th quarter. Natixis Advisors LLC now owns 247,586 shares of the company’s stock valued at $13,566,000 after purchasing an additional 11,658 shares during the period. EMC Capital Management boosted its holdings in shares of Rush Enterprises by 82.6% in the 4th quarter. EMC Capital Management now owns 9,603 shares of the company’s stock worth $526,000 after acquiring an additional 4,345 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Rush Enterprises in the 4th quarter worth approximately $5,760,000. 84.43% of the stock is currently owned by institutional investors.

Rush Enterprises Stock Up 1.3%

Shares of RUSHA opened at $51.69 on Friday. The company has a market capitalization of $4.10 billion, a P/E ratio of 13.86, a PEG ratio of 1.04 and a beta of 0.94. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.45 and a quick ratio of 0.28. Rush Enterprises, Inc. has a one year low of $40.99 and a one year high of $65.43. The business’s 50 day simple moving average is $52.04 and its 200-day simple moving average is $56.53.

Rush Enterprises (NASDAQ:RUSHA) last announced its earnings results on Wednesday, April 30th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.86 billion. As a group, sell-side analysts predict 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 Thursday, June 12th. Shareholders of record on Monday, May 12th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Monday, May 12th. Rush Enterprises’s dividend payout ratio is 20.11%.

Wall Street Analysts Forecast Growth

Separately, Stephens reduced their target price on Rush Enterprises from $63.00 to $61.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd.

Insiders Place Their Bets

In other news, Director Michael Mcroberts sold 4,000 shares of the stock in a transaction 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 transaction, the director now owns 15,771 shares of the company’s stock, valued at $922,918.92. This represents a 20.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jody Pollard sold 11,250 shares of the stock in a transaction 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 directly owns 3,117 shares in the company, valued at approximately $175,892.31. This trade represents a 78.30% decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.28% of the company’s stock.

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.