Bfsg LLC Has $103,000 Stock Position in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Bfsg LLC lessened its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 28.0% in the fourth quarter, HoldingsChannel reports. The fund owned 1,883 shares of the company’s stock after selling 733 shares during the quarter. Bfsg LLC’s holdings in Rush Enterprises were worth $103,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sanctuary Advisors LLC bought a new stake in shares of Rush Enterprises during the fourth quarter worth about $179,000. Principal Financial Group Inc. boosted its stake in Rush Enterprises by 3.6% during the 4th quarter. Principal Financial Group Inc. now owns 302,188 shares of the company’s stock valued at $16,557,000 after purchasing an additional 10,589 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in Rush Enterprises during the 4th quarter valued at about $5,760,000. New York State Teachers Retirement System increased its holdings in Rush Enterprises by 10.1% during the 4th quarter. New York State Teachers Retirement System now owns 21,446 shares of the company’s stock worth $1,175,000 after purchasing an additional 1,971 shares in the last quarter. Finally, Legato Capital Management LLC raised its stake in shares of Rush Enterprises by 46.0% in the fourth quarter. Legato Capital Management LLC now owns 21,495 shares of the company’s stock worth $1,178,000 after purchasing an additional 6,771 shares during the last quarter. Institutional investors own 84.43% of the company’s stock.

Analysts Set New Price Targets

Separately, Stephens reiterated an “overweight” rating and set a $69.00 price target on shares of Rush Enterprises in a report on Wednesday.

Rush Enterprises Stock Performance

NASDAQ RUSHA opened at $61.99 on Thursday. The company has a fifty day moving average price of $58.30 and a 200-day moving average price of $55.96. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 2.41 and a beta of 1.02. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.28. Rush Enterprises, Inc. has a 1 year low of $40.99 and a 1 year high of $65.43.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.09. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.86 billion. Rush Enterprises had a net margin of 3.93% and a return on equity of 15.43%. As a group, equities research analysts predict that Rush Enterprises, Inc. will post 3.66 EPS for the current fiscal year.

Rush Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Monday, March 3rd. Rush Enterprises’s dividend payout ratio is presently 19.10%.

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.