Xponance Inc. Raises Stock Position in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Xponance Inc. grew its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 35.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,608 shares of the company’s stock after purchasing an additional 2,272 shares during the quarter. Xponance Inc.’s holdings in Rush Enterprises were worth $472,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC raised its stake in Rush Enterprises by 34.8% in the third quarter. FMR LLC now owns 5,174,262 shares of the company’s stock valued at $273,356,000 after buying an additional 1,336,528 shares in the last quarter. Jennison Associates LLC raised its position in shares of Rush Enterprises by 1,398.4% during the 4th quarter. Jennison Associates LLC now owns 509,380 shares of the company’s stock worth $27,909,000 after acquiring an additional 475,384 shares in the last quarter. Proficio Capital Partners LLC lifted its stake in Rush Enterprises by 5,379.0% during the fourth quarter. Proficio Capital Partners LLC now owns 334,822 shares of the company’s stock worth $18,345,000 after purchasing an additional 328,711 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Rush Enterprises by 148.1% in the third quarter. Janus Henderson Group PLC now owns 308,204 shares of the company’s stock valued at $16,282,000 after purchasing an additional 183,965 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Rush Enterprises in the fourth quarter valued at approximately $9,822,000. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, SVP Jody Pollard sold 11,250 shares of the stock in a transaction on Tuesday, February 25th. The stock was 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. This trade represents a 78.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Mcroberts sold 4,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $58.52, for a total transaction of $234,080.00. Following the completion of the sale, the director now owns 15,771 shares of the company’s stock, valued at $922,918.92. This trade 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 Stock Performance

Shares of RUSHA stock opened at $55.61 on Thursday. The stock’s 50-day moving average is $57.89 and its two-hundred day moving average is $56.65. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.45. Rush Enterprises, Inc. has a 1 year low of $40.99 and a 1 year high of $65.43. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 1.04 and a beta of 1.06.

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

Rush Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 3rd were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Monday, March 3rd. Rush Enterprises’s dividend payout ratio is currently 19.30%.

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.