Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Acquired by Muhlenkamp & Co. Inc.

Muhlenkamp & Co. Inc. raised its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 0.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 371,978 shares of the company’s stock after buying an additional 541 shares during the period. Rush Enterprises makes up 6.2% of Muhlenkamp & Co. Inc.’s portfolio, making the stock its 3rd biggest position. Muhlenkamp & Co. Inc. owned about 0.47% of Rush Enterprises worth $20,381,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Legal & General Group Plc lifted its holdings in shares of Rush Enterprises by 0.6% in the fourth quarter. Legal & General Group Plc now owns 178,020 shares of the company’s stock valued at $9,754,000 after buying an additional 1,123 shares during the period. Bank of Montreal Can boosted its position in shares of Rush Enterprises by 9.1% during the 4th quarter. Bank of Montreal Can now owns 10,688 shares of the company’s stock valued at $586,000 after purchasing an additional 895 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Rush Enterprises by 25.3% during the fourth quarter. Wells Fargo & Company MN now owns 37,112 shares of the company’s stock valued at $2,033,000 after purchasing an additional 7,483 shares during the last quarter. Trexquant Investment LP bought a new stake in Rush Enterprises during the fourth quarter worth approximately $219,000. Finally, O Shaughnessy Asset Management LLC grew its position in Rush Enterprises by 7.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 15,319 shares of the company’s stock worth $839,000 after buying an additional 1,032 shares during the last quarter. 84.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Stephens restated an “overweight” rating and set a $69.00 price objective on shares of Rush Enterprises in a report on Wednesday, February 19th.

Rush Enterprises Trading Down 0.7 %

Rush Enterprises stock opened at $50.00 on Tuesday. Rush Enterprises, Inc. has a 52 week low of $40.99 and a 52 week high of $65.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.45. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 13.40, a P/E/G ratio of 1.04 and a beta of 0.96. The company has a 50 day moving average price of $56.73 and a 200 day moving average price of $56.87.

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

Rush Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Monday, March 3rd. Rush Enterprises’s dividend payout ratio is currently 19.30%.

Insider Transactions at Rush Enterprises

In other Rush Enterprises news, SVP Jody Pollard sold 11,250 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $56.43, for a total value of $634,837.50. Following the completion of the sale, the senior vice president now directly owns 3,117 shares of the company’s stock, valued at $175,892.31. The trade was a 78.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael Mcroberts sold 4,000 shares of Rush Enterprises stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $58.52, for a total transaction of $234,080.00. Following the completion of the sale, the director now directly owns 15,771 shares of the company’s stock, valued at approximately $922,918.92. The trade was a 20.23 % decrease in their position. The disclosure for this sale can be found here. 12.53% of the stock is currently owned by company insiders.

Rush Enterprises 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.