Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Purchased by Nilsine Partners LLC

Nilsine Partners LLC boosted its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 10.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,664 shares of the company’s stock after acquiring an additional 5,040 shares during the quarter. Nilsine Partners LLC’s holdings in Rush Enterprises were worth $2,813,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RUSHA. New York State Teachers Retirement System boosted its holdings in Rush Enterprises by 10.1% in the 4th quarter. New York State Teachers Retirement System now owns 21,446 shares of the company’s stock worth $1,175,000 after acquiring an additional 1,971 shares during the period. Principal Financial Group Inc. boosted its holdings in Rush Enterprises by 3.6% in the 4th quarter. Principal Financial Group Inc. now owns 302,188 shares of the company’s stock worth $16,557,000 after acquiring an additional 10,589 shares during the period. Sanctuary Advisors LLC purchased a new position in Rush Enterprises in the 4th quarter worth approximately $179,000. Bank of New York Mellon Corp boosted its stake in shares of Rush Enterprises by 0.5% during the 4th quarter. Bank of New York Mellon Corp now owns 624,103 shares of the company’s stock valued at $34,195,000 after buying an additional 3,386 shares during the last quarter. Finally, Proficio Capital Partners LLC boosted its stake in shares of Rush Enterprises by 5,379.0% during the 4th quarter. Proficio Capital Partners LLC now owns 334,822 shares of the company’s stock valued at $18,345,000 after buying an additional 328,711 shares during the last quarter. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Insider Buying and Selling

In other Rush Enterprises news, SVP Michael L. Goldstone sold 4,500 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $52.10, for a total value of $234,450.00. Following the sale, the senior vice president now directly owns 12,510 shares of the company’s stock, valued at $651,771. This trade represents a 26.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Jason Wilder sold 483 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $56.39, for a total value of $27,236.37. Following the completion of the sale, the chief operating officer now directly owns 85,420 shares in the company, valued at $4,816,833.80. This represents a 0.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,731 shares of company stock worth $303,634 over the last ninety days. 12.28% of the stock is owned by insiders.

Rush Enterprises Stock Performance

Rush Enterprises stock opened at $49.46 on Friday. The stock has a market cap of $3.85 billion, a P/E ratio of 13.82, a price-to-earnings-growth ratio of 1.39 and a beta of 0.88. The company has a current ratio of 1.44, a quick ratio of 0.32 and a debt-to-equity ratio of 0.22. The stock has a 50 day moving average of $50.42 and a 200-day moving average of $54.66. Rush Enterprises, Inc. has a 52 week low of $40.99 and a 52 week high of $65.43.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. Rush Enterprises had a return on equity of 13.82% and a net margin of 3.76%. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.86 billion. On average, analysts expect that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Monday, May 12th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.46%. The ex-dividend date was Monday, May 12th. Rush Enterprises’s dividend payout ratio (DPR) is presently 20.11%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on RUSHA shares. Stephens reduced their target price on Rush Enterprises from $63.00 to $61.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. Wall Street Zen upgraded Rush Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, June 14th.

Rush Enterprises Company 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.