ProShare Advisors LLC Buys 5,652 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

ProShare Advisors LLC raised its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 44.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,365 shares of the company’s stock after purchasing an additional 5,652 shares during the period. ProShare Advisors LLC’s holdings in Rush Enterprises were worth $1,006,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RUSHA. Smartleaf Asset Management LLC increased its position in shares of Rush Enterprises by 475.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 851 shares of the company’s stock worth $46,000 after acquiring an additional 703 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Rush Enterprises by 121.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the company’s stock worth $62,000 after acquiring an additional 616 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Rush Enterprises by 71.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,435 shares of the company’s stock worth $79,000 after acquiring an additional 596 shares in the last quarter. Sterling Capital Management LLC increased its position in shares of Rush Enterprises by 833.8% during the fourth quarter. Sterling Capital Management LLC now owns 1,961 shares of the company’s stock worth $107,000 after acquiring an additional 1,751 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of Rush Enterprises during the fourth quarter worth about $179,000. 84.43% of the stock is owned by institutional investors.

Rush Enterprises Stock Down 0.6%

Rush Enterprises stock opened at $49.59 on Friday. Rush Enterprises, Inc. has a fifty-two week low of $40.99 and a fifty-two week high of $65.43. The stock has a market cap of $3.86 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 1.04 and a beta of 0.94. The firm’s 50-day simple moving average is $51.78 and its 200 day simple moving average is $56.32. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.45.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. Rush Enterprises had a net margin of 3.90% and a return on equity of 14.76%. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Research analysts predict that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors 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 1.45%. The ex-dividend date is Monday, May 12th. Rush Enterprises’s dividend payout ratio (DPR) is presently 20.11%.

Analyst Ratings Changes

Separately, Stephens decreased their target price on shares of Rush Enterprises from $63.00 to $61.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd.

Insider Buying and Selling

In other Rush Enterprises news, COO Jason Wilder sold 748 shares of the business’s stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $56.08, for a total value of $41,947.84. Following the transaction, the chief operating officer now directly owns 84,672 shares in the company, valued at $4,748,405.76. The trade was a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael L. Goldstone sold 4,500 shares of the business’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $52.10, for a total transaction of $234,450.00. Following the completion of the transaction, the senior vice president now owns 12,510 shares in the company, valued at approximately $651,771. The trade was a 26.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,981 shares of company stock worth $938,472. 12.28% of the stock is owned by insiders.

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.