Great Lakes Advisors LLC Sells 7,041 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Great Lakes Advisors LLC decreased its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 9.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 71,162 shares of the company’s stock after selling 7,041 shares during the period. Great Lakes Advisors LLC’s holdings in Rush Enterprises were worth $3,899,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its stake in Rush Enterprises by 475.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 851 shares of the company’s stock valued at $46,000 after buying an additional 703 shares during the period. GAMMA Investing LLC lifted its stake in Rush Enterprises by 24.4% in the fourth quarter. GAMMA Investing LLC now owns 979 shares of the company’s stock valued at $54,000 after buying an additional 192 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Rush Enterprises in the third quarter valued at about $64,000. PNC Financial Services Group Inc. lifted its stake in Rush Enterprises by 71.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,435 shares of the company’s stock valued at $79,000 after buying an additional 596 shares during the period. Finally, Quarry LP lifted its stake in Rush Enterprises by 86.0% in the third quarter. Quarry LP now owns 1,605 shares of the company’s stock valued at $85,000 after buying an additional 742 shares during the period. Institutional investors and hedge funds own 84.43% of the company’s stock.

Rush Enterprises Trading Up 3.1 %

NASDAQ RUSHA opened at $53.60 on Friday. The firm has a market cap of $4.25 billion, a P/E ratio of 14.37, a P/E/G ratio of 1.04 and a beta of 1.06. 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’s 50-day moving average is $58.18 and its 200-day moving average is $56.42. Rush Enterprises, Inc. has a one year low of $40.99 and a one year high of $65.43.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.91 EPS for the quarter, topping 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%. Sell-side analysts anticipate that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Monday, March 3rd. Rush Enterprises’s dividend payout ratio is currently 19.30%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Rush Enterprises

In related news, SVP Jody Pollard sold 11,250 shares of Rush Enterprises stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $56.43, for a total value of $634,837.50. Following the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Mcroberts sold 4,000 shares of Rush Enterprises stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $58.52, for a total value of $234,080.00. Following the completion of the sale, the director now directly owns 15,771 shares in the company, valued at approximately $922,918.92. This represents a 20.23 % decrease in their position. The disclosure for this sale can be found here. 12.53% of the stock is currently owned by insiders.

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.