New York State Common Retirement Fund Has $3.28 Million Stake in Rush Enterprises, Inc. (NASDAQ:RUSHA)

New York State Common Retirement Fund lowered its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,295 shares of the company’s stock after selling 622 shares during the period. New York State Common Retirement Fund owned about 0.08% of Rush Enterprises worth $3,284,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RUSHA. Gladius Capital Management LP lifted its stake in Rush Enterprises by 891.2% in the third quarter. Gladius Capital Management LP now owns 1,120 shares of the company’s stock valued at $46,000 after acquiring an additional 1,007 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Rush Enterprises by 50.0% during the third quarter. Nisa Investment Advisors LLC now owns 2,290 shares of the company’s stock worth $94,000 after purchasing an additional 763 shares during the period. Essex Savings Bank acquired a new position in Rush Enterprises during the fourth quarter worth approximately $204,000. Tectonic Advisors LLC bought a new stake in Rush Enterprises in the fourth quarter valued at approximately $207,000. Finally, Cornerstone Investment Partners LLC acquired a new stake in shares of Rush Enterprises in the fourth quarter valued at approximately $211,000. 84.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Jason Wilder sold 11,250 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $46.23, for a total transaction of $520,087.50. Following the sale, the senior vice president now owns 534 shares in the company, valued at approximately $24,686.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.53% of the stock is currently owned by company insiders.

Rush Enterprises Stock Performance

RUSHA opened at $44.20 on Tuesday. Rush Enterprises, Inc. has a 1 year low of $33.67 and a 1 year high of $53.78. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.43 and a quick ratio of 0.28. The company has a market capitalization of $3.44 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 1.00 and a beta of 1.07. The business has a fifty day simple moving average of $49.17 and a 200 day simple moving average of $45.05.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.08. Rush Enterprises had a net margin of 4.16% and a return on equity of 17.16%. The business had revenue of $1.87 billion for the quarter. During the same period in the prior year, the business posted $1.07 earnings per share. Research analysts expect that Rush Enterprises, Inc. will post 2.92 EPS for the current year.

Rush Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 9th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Wednesday, May 8th. Rush Enterprises’s dividend payout ratio (DPR) is presently 17.19%.

Analyst Ratings Changes

Separately, Stephens restated an “overweight” rating and issued a $60.00 price target on shares of Rush Enterprises in a research note on Wednesday, April 24th.

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.