Oakwell Private Wealth Management LLC Purchases Shares of 4,492 Rush Enterprises, Inc. (NASDAQ:RUSHA)

Oakwell Private Wealth Management LLC purchased a new stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 4,492 shares of the company’s stock, valued at approximately $226,000.

Several other large investors have also recently bought and sold shares of the stock. Gladius Capital Management LP increased its holdings in shares of Rush Enterprises by 891.2% during the third quarter. Gladius Capital Management LP now owns 1,120 shares of the company’s stock worth $46,000 after purchasing an additional 1,007 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Rush Enterprises by 50.0% during the third quarter. Nisa Investment Advisors LLC now owns 2,290 shares of the company’s stock worth $94,000 after purchasing an additional 763 shares during the period. Bfsg LLC bought a new position in Rush Enterprises in the fourth quarter valued at approximately $135,000. Essex Savings Bank bought a new position in Rush Enterprises in the fourth quarter valued at approximately $204,000. Finally, Tectonic Advisors LLC bought a new position in Rush Enterprises in the fourth quarter valued at approximately $207,000. 84.43% of the stock is owned by institutional investors.

Insider Transactions at Rush Enterprises

In other news, SVP Jody Pollard sold 11,250 shares of Rush Enterprises stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $48.28, for a total transaction of $543,150.00. Following the transaction, the senior vice president now owns 2,777 shares in the company, valued at $134,073.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 12.53% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Stephens reissued an “overweight” rating and issued a $60.00 price objective on shares of Rush Enterprises in a research note on Wednesday, April 24th.

Rush Enterprises Price Performance

NASDAQ:RUSHA traded down $0.67 during mid-day trading on Wednesday, reaching $43.25. The stock had a trading volume of 100,522 shares, compared to its average volume of 374,369. The stock has a 50-day simple moving average of $49.33 and a two-hundred day simple moving average of $44.99. The stock has a market capitalization of $3.37 billion, a PE ratio of 10.90, a P/E/G ratio of 1.06 and a beta of 1.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.43 and a quick ratio of 0.28. Rush Enterprises, Inc. has a 12 month low of $33.37 and a 12 month high of $53.78.

Rush Enterprises (NASDAQ:RUSHA) last issued its earnings results on Tuesday, April 23rd. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.08. Rush Enterprises had a net margin of 4.16% and a return on equity of 17.16%. The firm had revenue of $1.87 billion for the quarter. During the same quarter in the prior year, the business earned $1.07 EPS. On average, equities analysts anticipate that Rush Enterprises, Inc. will post 2.92 earnings per share for the current year.

Rush Enterprises Dividend Announcement

The firm 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. The ex-dividend date is Wednesday, May 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.57%. Rush Enterprises’s dividend payout ratio (DPR) is presently 17.19%.

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.