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

Bfsg LLC decreased its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 28.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in RUSHA. FMR LLC boosted its holdings in shares of Rush Enterprises by 34.8% during the 3rd quarter. FMR LLC now owns 5,174,262 shares of the company’s stock valued at $273,356,000 after acquiring an additional 1,336,528 shares in the last quarter. State Street Corp grew its holdings in shares of Rush Enterprises by 0.7% during the third quarter. State Street Corp now owns 2,349,597 shares of the company’s stock worth $124,129,000 after purchasing an additional 16,082 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Rush Enterprises by 1.1% in the third quarter. Geode Capital Management LLC now owns 1,616,048 shares of the company’s stock valued at $85,390,000 after buying an additional 16,803 shares during the period. Vaughan Nelson Investment Management L.P. boosted its position in Rush Enterprises by 3.1% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,222,719 shares of the company’s stock worth $66,993,000 after buying an additional 36,326 shares during the period. Finally, Global Alpha Capital Management Ltd. lifted its holdings in shares of Rush Enterprises by 1.9% during the third quarter. Global Alpha Capital Management Ltd. now owns 773,990 shares of the company’s stock worth $40,890,000 after purchasing an additional 14,600 shares during the period. Institutional investors own 84.43% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Rush Enterprises Trading Up 1.3 %

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

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings results 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 firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.86 billion. Rush Enterprises had a return on equity of 15.43% and a net margin of 3.93%. On average, sell-side analysts predict that Rush Enterprises, Inc. will post 3.66 EPS for the current year.

Rush Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 3rd will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Monday, March 3rd. Rush Enterprises’s dividend payout ratio (DPR) 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.