Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Purchased by 12th Street Asset Management Company LLC

12th Street Asset Management Company LLC grew its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 10.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 412,558 shares of the company’s stock after buying an additional 40,479 shares during the quarter. Rush Enterprises accounts for 3.7% of 12th Street Asset Management Company LLC’s investment portfolio, making the stock its 13th largest holding. 12th Street Asset Management Company LLC’s holdings in Rush Enterprises were worth $22,604,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in RUSHA. Smartleaf Asset Management LLC lifted its holdings in shares of Rush Enterprises by 475.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 851 shares of the company’s stock valued at $46,000 after buying an additional 703 shares during the period. GAMMA Investing LLC lifted its holdings in 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 acquiring an additional 192 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Rush Enterprises during the 3rd quarter worth $64,000. PNC Financial Services Group Inc. grew its stake in shares of Rush Enterprises by 71.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,435 shares of the company’s stock worth $79,000 after purchasing an additional 596 shares during the period. Finally, Quarry LP lifted its stake in shares of Rush Enterprises by 86.0% in the third quarter. Quarry LP now owns 1,605 shares of the company’s stock valued at $85,000 after purchasing an additional 742 shares during the period. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Analysts Set New Price Targets

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

Rush Enterprises Price Performance

NASDAQ:RUSHA opened at $52.01 on Friday. The company’s 50-day moving average is $58.27 and its two-hundred day moving average is $56.46. The company has a current ratio of 1.45, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 13.94, a price-to-earnings-growth 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.

Rush Enterprises (NASDAQ:RUSHA) last released its earnings results on Tuesday, February 18th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.09. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.86 billion. Rush Enterprises had a net margin of 3.90% and a return on equity of 14.76%. Research analysts expect that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 3rd will be issued a $0.18 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.72 dividend on an annualized basis and a yield of 1.38%. Rush Enterprises’s dividend payout ratio is currently 19.30%.

Insider Activity

In other Rush Enterprises news, SVP Jody Pollard sold 11,250 shares of Rush Enterprises stock in a transaction on 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 owns 3,117 shares of the company’s stock, valued at $175,892.31. The trade was a 78.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Mcroberts sold 4,000 shares of the firm’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 transaction, the director now directly owns 15,771 shares in the company, valued at approximately $922,918.92. The trade was a 20.23 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.53% of the company’s stock.

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.