US Bancorp DE trimmed its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 2.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,369 shares of the company’s stock after selling 503 shares during the quarter. US Bancorp DE owned about 0.06% of Rush Enterprises worth $852,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the business. Morgan Stanley grew its stake in Rush Enterprises by 115.5% in the third quarter. Morgan Stanley now owns 153,102 shares of the company’s stock valued at $6,019,000 after purchasing an additional 82,059 shares during the last quarter. Teachers Advisors LLC raised its holdings in Rush Enterprises by 2.2% during the third quarter. Teachers Advisors LLC now owns 60,350 shares of the company’s stock worth $2,372,000 after purchasing an additional 1,297 shares during the last quarter. Xact Kapitalforvaltning AB raised its holdings in Rush Enterprises by 31.5% during the fourth quarter. Xact Kapitalforvaltning AB now owns 8,351 shares of the company’s stock worth $288,000 after purchasing an additional 2,000 shares during the last quarter. Rhumbline Advisers raised its holdings in Rush Enterprises by 40.2% during the fourth quarter. Rhumbline Advisers now owns 44,877 shares of the company’s stock worth $1,547,000 after purchasing an additional 12,871 shares during the last quarter. Finally, ClariVest Asset Management LLC raised its holdings in Rush Enterprises by 17.7% during the fourth quarter. ClariVest Asset Management LLC now owns 270,962 shares of the company’s stock worth $9,343,000 after purchasing an additional 40,845 shares during the last quarter. 74.79% of the stock is currently owned by hedge funds and other institutional investors.
RUSHA traded up $0.09 during trading on Monday, reaching $36.61. The stock had a trading volume of 101,000 shares, compared to its average volume of 164,012. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 9.51, a price-to-earnings-growth ratio of 0.60 and a beta of 1.33. The company has a quick ratio of 0.21, a current ratio of 1.10 and a debt-to-equity ratio of 0.49. Rush Enterprises, Inc. has a 1-year low of $31.53 and a 1-year high of $46.22. The stock has a 50 day simple moving average of $36.21.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Thursday, May 9th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Wednesday, May 8th. Rush Enterprises’s payout ratio is currently 12.47%.
Several research firms have weighed in on RUSHA. BidaskClub raised Rush Enterprises from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. Longbow Research cut Rush Enterprises from a “buy” rating to a “neutral” rating in a research note on Monday, May 6th. Zacks Investment Research cut Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Finally, ValuEngine cut Rush Enterprises from a “hold” rating to a “sell” rating in a research note on Saturday, May 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $43.00.
About Rush Enterprises
Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States. 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, Mitsubishi Fuso, IC Bus, or Blue Bird; provides new and used commercial vehicles, and aftermarket parts, as well as service and repair, financing, and leasing and rental services; and offers property and casualty insurance, including collision and liability insurance on commercial vehicles, cargo insurance, and credit life insurance to its commercial vehicle customers.
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