State of Alaska Department of Revenue Raises Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

State of Alaska Department of Revenue boosted its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHAGet Rating) by 116.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 63,644 shares of the company’s stock after acquiring an additional 34,289 shares during the period. State of Alaska Department of Revenue’s holdings in Rush Enterprises were worth $3,067,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in RUSHA. Mackenzie Financial Corp lifted its holdings in shares of Rush Enterprises by 5.4% in the 1st quarter. Mackenzie Financial Corp now owns 4,309 shares of the company’s stock valued at $219,000 after acquiring an additional 222 shares during the last quarter. M&T Bank Corp boosted its holdings in shares of Rush Enterprises by 4.9% in the 1st quarter. M&T Bank Corp now owns 5,136 shares of the company’s stock worth $261,000 after purchasing an additional 241 shares during the period. Wambolt & Associates LLC increased its position in shares of Rush Enterprises by 7.1% during the 1st quarter. Wambolt & Associates LLC now owns 6,654 shares of the company’s stock valued at $336,000 after purchasing an additional 439 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in Rush Enterprises by 1.7% during the 1st quarter. Mercer Global Advisors Inc. ADV now owns 25,660 shares of the company’s stock valued at $1,306,000 after buying an additional 440 shares during the period. Finally, Gamco Investors INC. ET AL raised its holdings in Rush Enterprises by 0.9% during the 1st quarter. Gamco Investors INC. ET AL now owns 52,891 shares of the company’s stock valued at $2,693,000 after buying an additional 489 shares during the period. Hedge funds and other institutional investors own 76.62% of the company’s stock.

Rush Enterprises Stock Performance

NASDAQ:RUSHA opened at $44.64 on Friday. The stock’s fifty day moving average is $48.66 and its 200 day moving average is $49.80. Rush Enterprises, Inc. has a fifty-two week low of $43.45 and a fifty-two week high of $60.88. The firm has a market capitalization of $2.47 billion, a PE ratio of 7.57, a PEG ratio of 0.54 and a beta of 1.07. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.36 and a current ratio of 1.34.

Rush Enterprises (NASDAQ:RUSHAGet Rating) last released its earnings results on Tuesday, July 26th. The company reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.31. Rush Enterprises had a return on equity of 21.23% and a net margin of 5.74%. The business had revenue of $1.79 billion for the quarter. On average, sell-side analysts anticipate that Rush Enterprises, Inc. will post 5.68 earnings per share for the current year.

Rush Enterprises Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 12th were paid a $0.21 dividend. This is a positive change from Rush Enterprises’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, August 11th. This represents a $0.84 dividend on an annualized basis and a yield of 1.88%. Rush Enterprises’s dividend payout ratio (DPR) is presently 14.24%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. StockNews.com lowered Rush Enterprises from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 11th. Credit Suisse Group increased their price target on Rush Enterprises from $59.00 to $61.00 and gave the company a “neutral” rating in a report on Thursday, July 28th.

About Rush Enterprises

(Get Rating)

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, IC Bus, or Blue Bird.

Featured Stories

Want to see what other hedge funds are holding RUSHA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rush Enterprises, Inc. (NASDAQ:RUSHAGet Rating).

Institutional Ownership by Quarter for Rush Enterprises (NASDAQ:RUSHA)

Receive News & Ratings for Rush Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rush Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.