Mercer Global Advisors Inc. ADV Sells 3,380 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Mercer Global Advisors Inc. ADV lowered its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 14.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,700 shares of the company’s stock after selling 3,380 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Rush Enterprises were worth $1,079,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of RUSHA. Commonwealth Equity Services LLC grew its holdings in Rush Enterprises by 1.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 11,183 shares of the company’s stock worth $613,000 after purchasing an additional 186 shares during the period. GAMMA Investing LLC raised its stake in Rush Enterprises by 24.4% during the 4th quarter. GAMMA Investing LLC now owns 979 shares of the company’s stock worth $54,000 after buying an additional 192 shares during the period. Louisiana State Employees Retirement System boosted its holdings in Rush Enterprises by 0.7% in the fourth quarter. Louisiana State Employees Retirement System now owns 30,100 shares of the company’s stock worth $1,649,000 after acquiring an additional 200 shares in the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of Rush Enterprises by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,365 shares of the company’s stock valued at $349,000 after acquiring an additional 202 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in shares of Rush Enterprises by 1.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 32,516 shares of the company’s stock worth $1,782,000 after purchasing an additional 345 shares during the period. 84.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Stephens reduced their price objective on shares of Rush Enterprises from $63.00 to $61.00 and set an “overweight” rating for the company in a report on Friday, May 2nd.

Insider Activity at Rush Enterprises

In other news, Director Michael Mcroberts sold 4,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $58.52, for a total value of $234,080.00. Following the completion of the transaction, the director now directly owns 15,771 shares of the company’s stock, valued at $922,918.92. This trade represents a 20.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jody Pollard sold 11,250 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $56.43, for a total value of $634,837.50. Following the completion of the transaction, the senior vice president now owns 3,117 shares of the company’s stock, valued at approximately $175,892.31. This represents a 78.30 % decrease in their position. The disclosure for this sale can be found here. 12.28% of the stock is owned by company insiders.

Rush Enterprises Trading Down 1.1 %

NASDAQ RUSHA opened at $48.21 on Friday. The company has a current ratio of 1.45, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $3.82 billion, a P/E ratio of 12.92, a PEG ratio of 1.04 and a beta of 0.94. The business has a fifty day simple moving average of $52.37 and a 200 day simple moving average of $56.60. Rush Enterprises, Inc. has a 12 month low of $40.99 and a 12 month high of $65.43.

Rush Enterprises (NASDAQ:RUSHA) last posted its earnings results on Wednesday, April 30th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Rush Enterprises had a net margin of 3.90% and a return on equity of 14.76%. On average, analysts predict that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Monday, May 12th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Monday, May 12th. Rush Enterprises’s dividend payout ratio (DPR) is currently 20.11%.

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.