Point72 Asia Singapore Pte. Ltd. Sells 1,090 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Point72 Asia Singapore Pte. Ltd. lowered its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 41.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,510 shares of the company’s stock after selling 1,090 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Rush Enterprises were worth $83,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Global Alpha Capital Management Ltd. grew its stake in shares of Rush Enterprises by 2.0% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 789,190 shares of the company’s stock worth $43,240,000 after acquiring an additional 15,200 shares in the last quarter. Costello Asset Management INC boosted its holdings in Rush Enterprises by 3,793.9% during the fourth quarter. Costello Asset Management INC now owns 42,833 shares of the company’s stock worth $2,347,000 after purchasing an additional 41,733 shares during the last quarter. Natixis Advisors LLC grew its position in Rush Enterprises by 4.9% in the fourth quarter. Natixis Advisors LLC now owns 247,586 shares of the company’s stock valued at $13,566,000 after purchasing an additional 11,658 shares in the last quarter. EMC Capital Management grew its position in Rush Enterprises by 82.6% in the fourth quarter. EMC Capital Management now owns 9,603 shares of the company’s stock valued at $526,000 after purchasing an additional 4,345 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in Rush Enterprises in the 4th quarter valued at $5,760,000. Institutional investors and hedge funds own 84.43% of the company’s stock.

Insider Buying and Selling at Rush Enterprises

In other Rush Enterprises news, SVP Jody Pollard sold 11,250 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $56.43, for a total transaction of $634,837.50. Following the completion of the sale, the senior vice president now owns 3,117 shares of the company’s stock, valued at $175,892.31. This trade represents a 78.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael Mcroberts sold 4,000 shares of the company’s 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 transaction, the director now owns 15,771 shares in the company, valued at approximately $922,918.92. This represents a 20.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 12.28% of the company’s stock.

Wall Street Analyst Weigh In

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 research note on Friday, May 2nd.

Rush Enterprises Stock Performance

Shares of NASDAQ RUSHA opened at $52.28 on Friday. 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 stock has a 50 day moving average price of $51.99 and a 200 day moving average price of $56.50. The stock has a market capitalization of $4.14 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 1.04 and a beta of 0.94. Rush Enterprises, Inc. has a 52 week low of $40.99 and a 52 week high of $65.43.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.86 billion. Analysts predict that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Monday, May 12th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Monday, May 12th. Rush Enterprises’s dividend payout ratio 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.