State of New Jersey Common Pension Fund D Has $3.27 Million Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

State of New Jersey Common Pension Fund D grew its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 8.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 65,017 shares of the company’s stock after acquiring an additional 4,916 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Rush Enterprises were worth $3,270,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RUSHA. Nisa Investment Advisors LLC boosted its position in shares of 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 acquiring an additional 300 shares during the period. Gladius Capital Management LP raised 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 purchasing an additional 1,007 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Rush Enterprises by 4.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,552 shares of the company’s stock valued at $1,436,000 after purchasing an additional 1,222 shares in the last quarter. Quantbot Technologies LP raised its stake in Rush Enterprises by 30.2% in the third quarter. Quantbot Technologies LP now owns 6,533 shares of the company’s stock valued at $267,000 after purchasing an additional 1,515 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its stake 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 purchasing an additional 1,850 shares in the last quarter. 84.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RUSHA has been the subject of a number of analyst reports. Stephens reaffirmed an “overweight” rating and issued a $60.00 price target on shares of Rush Enterprises in a research note on Wednesday. StockNews.com downgraded Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Monday, January 1st.

Rush Enterprises Stock Up 3.0 %

Shares of NASDAQ RUSHA opened at $46.76 on Friday. The company has a current ratio of 1.43, a quick ratio of 0.27 and a debt-to-equity ratio of 0.32. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 1.03 and a beta of 1.02. Rush Enterprises, Inc. has a 12 month low of $33.37 and a 12 month high of $53.78. The stock has a 50-day moving average price of $49.35 and a two-hundred day moving average price of $44.87.

Rush Enterprises (NASDAQ:RUSHA) last issued its earnings results on Tuesday, April 23rd. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.80 by $0.08. The firm had revenue of $1.87 billion during the quarter. Rush Enterprises had a return on equity of 17.16% and a net margin of 4.16%. During the same period in the previous year, the firm posted $1.07 EPS. As a group, analysts forecast that Rush Enterprises, Inc. will post 2.92 earnings per share for the current fiscal year.

Rush Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 9th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Wednesday, May 8th. Rush Enterprises’s dividend payout ratio (DPR) is currently 17.19%.

Insider Transactions at Rush Enterprises

In other news, SVP Jody Pollard sold 11,250 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $48.28, for a total transaction of $543,150.00. Following the sale, the senior vice president now directly owns 2,777 shares in the company, valued at $134,073.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 17.10% of the company’s stock.

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.