New South Capital Management Inc. Sells 36,235 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

New South Capital Management Inc. reduced its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 6.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 490,744 shares of the company’s stock after selling 36,235 shares during the period. New South Capital Management Inc.’s holdings in Rush Enterprises were worth $26,888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in RUSHA. Smartleaf Asset Management LLC boosted its holdings in shares of Rush Enterprises by 475.0% in 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 during the period. GAMMA Investing LLC boosted its holdings in shares of Rush Enterprises by 24.4% in the fourth quarter. GAMMA Investing LLC now owns 979 shares of the company’s stock worth $54,000 after acquiring an additional 192 shares during the period. Costello Asset Management INC bought a new position in shares of Rush Enterprises in the third quarter worth $58,000. Wilmington Savings Fund Society FSB bought a new position in shares of Rush Enterprises in the third quarter worth $64,000. Finally, Farther Finance Advisors LLC boosted its stake in Rush Enterprises by 73.8% during the third quarter. Farther Finance Advisors LLC now owns 1,479 shares of the company’s stock valued at $78,000 after buying an additional 628 shares during the period. 84.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Rush Enterprises Price Performance

NASDAQ:RUSHA opened at $56.36 on Thursday. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 15.11, a P/E/G ratio of 1.04 and a beta of 1.02. Rush Enterprises, Inc. has a 52-week low of $40.99 and a 52-week high of $65.43. The stock has a fifty day moving average of $58.24 and a 200 day moving average of $56.37. 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 posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.09. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.86 billion. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. On average, research analysts expect 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 Tuesday, March 18th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.18 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.72 dividend on an annualized basis and a yield of 1.28%. Rush Enterprises’s payout ratio is 19.30%.

Insider Buying and Selling at Rush Enterprises

In other Rush Enterprises news, SVP Jody Pollard sold 11,250 shares of the firm’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 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Mcroberts sold 4,000 shares of Rush Enterprises stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $58.52, for a total value of $234,080.00. Following the completion of the transaction, the director now owns 15,771 shares in the company, valued at approximately $922,918.92. This represents a 20.23 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.53% 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.