Savvy Advisors Inc. Purchases Shares of 3,937 Rush Enterprises, Inc. (NASDAQ:RUSHA)

Savvy Advisors Inc. acquired a new stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,937 shares of the company’s stock, valued at approximately $216,000.

A number of other hedge funds also recently modified their holdings of RUSHA. Barclays PLC increased its position in Rush Enterprises by 217.5% during the 3rd quarter. Barclays PLC now owns 114,759 shares of the company’s stock worth $6,063,000 after buying an additional 78,616 shares during the period. Geode Capital Management LLC boosted its holdings in Rush Enterprises by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,616,048 shares of the company’s stock valued at $85,390,000 after purchasing an additional 16,803 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Rush Enterprises during the 3rd quarter worth approximately $64,000. Synovus Financial Corp increased its holdings in shares of Rush Enterprises by 16.6% during the third quarter. Synovus Financial Corp now owns 16,239 shares of the company’s stock worth $858,000 after purchasing an additional 2,311 shares during the period. Finally, Franklin Resources Inc. bought a new stake in shares of Rush Enterprises in the third quarter valued at approximately $269,000. Institutional investors and hedge funds own 84.43% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling at Rush Enterprises

In other news, Director Michael Mcroberts sold 4,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $58.52, for a total transaction of $234,080.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Jody Pollard sold 11,250 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $56.43, for a total transaction of $634,837.50. Following the completion of the transaction, the senior vice president now owns 3,117 shares of the company’s stock, 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 12.53% of the company’s stock.

Rush Enterprises Trading Up 0.5 %

Shares of RUSHA stock opened at $52.72 on Wednesday. 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, Inc. has a fifty-two week low of $40.99 and a fifty-two week high of $65.43. The company has a market cap of $4.18 billion, a PE ratio of 14.13, a P/E/G ratio of 1.04 and a beta of 0.96. The stock’s fifty day moving average price is $55.37 and its two-hundred day moving average price is $56.76.

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

Rush Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 3rd were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Monday, March 3rd. Rush Enterprises’s payout ratio is 19.30%.

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.