Teachers Retirement System of The State of Kentucky Sells 1,782 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Teachers Retirement System of The State of Kentucky lessened its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 2.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 74,222 shares of the company’s stock after selling 1,782 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.09% of Rush Enterprises worth $4,067,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. MetLife Investment Management LLC boosted its holdings in shares of Rush Enterprises by 4.4% during the fourth quarter. MetLife Investment Management LLC now owns 36,689 shares of the company’s stock worth $2,010,000 after acquiring an additional 1,560 shares during the period. Beck Mack & Oliver LLC lifted its holdings in Rush Enterprises by 0.5% during the 4th quarter. Beck Mack & Oliver LLC now owns 1,073,567 shares of the company’s stock worth $58,821,000 after purchasing an additional 5,823 shares during the last quarter. Epoch Investment Partners Inc. bought a new stake in Rush Enterprises in the 4th quarter valued at $412,000. CANADA LIFE ASSURANCE Co grew its holdings in Rush Enterprises by 4.2% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 94,887 shares of the company’s stock valued at $5,198,000 after buying an additional 3,833 shares in the last quarter. Finally, Dean Investment Associates LLC lifted its holdings in shares of Rush Enterprises by 34.9% during the fourth quarter. Dean Investment Associates LLC now owns 50,716 shares of the company’s stock worth $2,779,000 after buying an additional 13,128 shares in the last quarter. Institutional investors and hedge funds own 84.43% of the company’s stock.

Insider Buying and Selling

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

Rush Enterprises Stock Performance

Shares of Rush Enterprises stock opened at $51.42 on Wednesday. The company’s 50 day moving average price is $54.50 and its two-hundred day moving average price is $56.77. The firm has a market capitalization of $4.07 billion, a P/E ratio of 13.79, a P/E/G ratio of 1.04 and a beta of 0.96. 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 debt-to-equity ratio of 0.23, a current ratio of 1.45 and a quick ratio of 0.28.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.09. The business 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%. On average, equities analysts forecast that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 3rd were issued a $0.18 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.72 dividend on an annualized basis and a yield of 1.40%. Rush Enterprises’s dividend payout ratio (DPR) is presently 19.30%.

Analyst Ratings Changes

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

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.