Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Purchased by Muhlenkamp & Co. Inc.

Muhlenkamp & Co. Inc. grew its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 0.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 371,978 shares of the company’s stock after purchasing an additional 541 shares during the quarter. Rush Enterprises comprises 6.2% of Muhlenkamp & Co. Inc.’s portfolio, making the stock its 3rd biggest holding. Muhlenkamp & Co. Inc.’s holdings in Rush Enterprises were worth $20,381,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in RUSHA. Smartleaf Asset Management LLC boosted its holdings in 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 purchasing an additional 703 shares during the period. GAMMA Investing LLC grew its position in Rush Enterprises by 24.4% during the fourth quarter. GAMMA Investing LLC now owns 979 shares of the company’s stock worth $54,000 after buying an additional 192 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Rush Enterprises during the third quarter valued at about $64,000. PNC Financial Services Group Inc. increased its stake in Rush Enterprises by 71.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,435 shares of the company’s stock valued at $79,000 after acquiring an additional 596 shares during the period. Finally, Quarry LP lifted its position in shares of Rush Enterprises by 86.0% in the 3rd quarter. Quarry LP now owns 1,605 shares of the company’s stock worth $85,000 after acquiring an additional 742 shares during the period. 84.43% of the stock is currently owned by institutional investors.

Insider Transactions at Rush Enterprises

In other Rush Enterprises news, 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 value of $234,080.00. Following the completion of the sale, the director now owns 15,771 shares in the company, valued at approximately $922,918.92. This trade represents a 20.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jody Pollard sold 11,250 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 3,117 shares in the company, valued at $175,892.31. The trade was a 78.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.53% of the stock is owned by insiders.

Rush Enterprises Price Performance

Shares of Rush Enterprises stock opened at $50.00 on Tuesday. Rush Enterprises, Inc. has a twelve month low of $40.99 and a twelve month high of $65.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.45. The firm has a market cap of $3.96 billion, a P/E ratio of 13.40, a price-to-earnings-growth ratio of 1.04 and a beta of 0.96. The firm’s 50-day simple moving average is $56.73 and its 200-day simple moving average is $56.87.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.09. The company had revenue of $2.01 billion for 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%. As a group, research analysts expect that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd were paid a $0.18 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.72 annualized dividend and a dividend yield of 1.44%. Rush Enterprises’s dividend payout ratio is presently 19.30%.

Wall Street Analysts Forecast Growth

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

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.