Mutual of America Capital Management LLC Makes New Investment in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Mutual of America Capital Management LLC acquired a new stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 10,769 shares of the company’s stock, valued at approximately $542,000.

Other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC boosted its holdings in Rush Enterprises by 13.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,590 shares of the company’s stock valued at $130,000 after purchasing an additional 300 shares during the last quarter. Gladius Capital Management LP boosted its stake in shares of Rush Enterprises by 891.2% during the 3rd quarter. Gladius Capital Management LP now owns 1,120 shares of the company’s stock valued at $46,000 after buying an additional 1,007 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Rush Enterprises by 4.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,552 shares of the company’s stock worth $1,436,000 after buying an additional 1,222 shares in the last quarter. Quantbot Technologies LP increased its stake in shares of Rush Enterprises by 30.2% in the third quarter. Quantbot Technologies LP now owns 6,533 shares of the company’s stock worth $267,000 after buying an additional 1,515 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its holdings in Rush Enterprises by 24.3% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 9,450 shares of the company’s stock valued at $386,000 after acquiring an additional 1,850 shares in the last quarter. 84.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Rush Enterprises

In related news, SVP Jody Pollard sold 11,250 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $48.28, for a total transaction of $543,150.00. Following the completion of the transaction, the senior vice president now directly owns 2,777 shares in the company, valued at approximately $134,073.56. The sale was disclosed in a document filed with the SEC, which is available through this link. 17.10% of the stock is currently owned by insiders.

Rush Enterprises Stock Performance

Shares of RUSHA opened at $49.23 on Wednesday. The stock has a market capitalization of $3.83 billion, a PE ratio of 11.89, a price-to-earnings-growth ratio of 1.13 and a beta of 1.02. The business’s fifty day moving average price is $49.42 and its 200 day moving average price is $44.81. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.35 and a quick ratio of 0.27. Rush Enterprises, Inc. has a 12-month low of $33.37 and a 12-month high of $53.78.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.11. Rush Enterprises had a net margin of 4.38% and a return on equity of 18.44%. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the firm posted $1.16 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities research analysts forecast that Rush Enterprises, Inc. will post 2.88 EPS for the current year.

Rush Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Tuesday, February 27th were paid a $0.17 dividend. The ex-dividend date of this dividend was Monday, February 26th. This represents a $0.68 dividend on an annualized basis and a yield of 1.38%. Rush Enterprises’s payout ratio is currently 16.43%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on RUSHA. StockNews.com lowered shares of Rush Enterprises from a “buy” rating to a “hold” rating in a report on Monday, January 1st. Stephens reiterated an “overweight” rating and issued a $58.00 price target on shares of Rush Enterprises in a research note on Wednesday, February 14th.

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.