Versor Investments LP Buys Shares of 4,900 Rush Enterprises, Inc. (NASDAQ:RUSHA)

Versor Investments LP bought a new position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,900 shares of the company’s stock, valued at approximately $268,000.

A number of other large investors also recently modified their holdings of RUSHA. Creative Planning acquired a new position in Rush Enterprises during the 3rd quarter valued at approximately $316,000. International Assets Investment Management LLC lifted its stake in Rush Enterprises by 5,183.0% in the third quarter. International Assets Investment Management LLC now owns 18,913 shares of the company’s stock valued at $999,000 after buying an additional 18,555 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Rush Enterprises by 73.8% during the third quarter. Farther Finance Advisors LLC now owns 1,479 shares of the company’s stock valued at $78,000 after acquiring an additional 628 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of Rush Enterprises by 127.5% during the third quarter. Harbor Capital Advisors Inc. now owns 32,171 shares of the company’s stock worth $1,700,000 after acquiring an additional 18,033 shares during the last quarter. Finally, QRG Capital Management Inc. grew its position in shares of Rush Enterprises by 3.7% during the third quarter. QRG Capital Management Inc. now owns 13,564 shares of the company’s stock worth $717,000 after acquiring an additional 484 shares during the last quarter. 84.43% of the stock is currently owned by institutional investors.

Insider Transactions at Rush Enterprises

In related news, Director Michael Mcroberts sold 4,000 shares of Rush Enterprises 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 transaction, the director now directly owns 15,771 shares of the company’s stock, valued at $922,918.92. The trade was a 20.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jody Pollard sold 11,250 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now directly owns 3,117 shares of the company’s stock, 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. Company insiders own 12.53% of the company’s stock.

Analysts Set New Price Targets

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

Rush Enterprises Stock Down 2.3 %

RUSHA opened at $57.00 on Tuesday. The stock’s 50 day moving average price is $58.25 and its 200 day moving average price is $56.35. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.45 and a quick ratio of 0.28. The stock has a market cap of $4.52 billion, a P/E ratio of 15.28, a P/E/G ratio of 1.04 and a beta of 1.02. Rush Enterprises, Inc. has a 12 month low of $40.99 and a 12 month high of $65.43.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates 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 predict that Rush Enterprises, Inc. will post 3.91 earnings per share for the current year.

Rush Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Monday, March 3rd. Rush Enterprises’s dividend payout ratio is currently 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.