Great Lakes Advisors LLC Has $3.90 Million Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Great Lakes Advisors LLC cut its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 9.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,162 shares of the company’s stock after selling 7,041 shares during the quarter. Great Lakes Advisors LLC owned about 0.09% of Rush Enterprises worth $3,899,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of RUSHA. Smartleaf Asset Management LLC raised its stake in shares of 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 purchasing an additional 703 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of 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 purchasing an additional 192 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Rush Enterprises in the third quarter valued at $64,000. PNC Financial Services Group Inc. raised its stake in shares of 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 purchasing an additional 596 shares in the last quarter. Finally, Quarry LP raised its stake in shares of 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 purchasing an additional 742 shares in the last quarter. 84.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Rush Enterprises

In other 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 sale, the senior vice president now owns 3,117 shares in the company, valued at approximately $175,892.31. This 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 accessible through this link. Also, Director Michael Mcroberts sold 4,000 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $58.52, for a total value of $234,080.00. Following the sale, the director now owns 15,771 shares in the company, valued at $922,918.92. The trade was a 20.23 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.53% of the company’s stock.

Rush Enterprises Stock Performance

Shares of NASDAQ:RUSHA opened at $53.60 on Friday. The business’s fifty day moving average price is $58.18 and its two-hundred day moving average price is $56.42. Rush Enterprises, Inc. has a fifty-two week low of $40.99 and a fifty-two week high of $65.43. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 14.37, a price-to-earnings-growth 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.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.09. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.86 billion. As a group, analysts predict that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Announces Dividend

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

About Rush Enterprises

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.