Proficio Capital Partners LLC Has $18.35 Million Stock Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Proficio Capital Partners LLC raised its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 5,379.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 334,822 shares of the company’s stock after buying an additional 328,711 shares during the period. Proficio Capital Partners LLC owned about 0.42% of Rush Enterprises worth $18,345,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of RUSHA. FMR LLC lifted its stake in Rush Enterprises by 34.8% in the third quarter. FMR LLC now owns 5,174,262 shares of the company’s stock valued at $273,356,000 after acquiring an additional 1,336,528 shares during the last quarter. State Street Corp lifted its stake in shares of Rush Enterprises by 0.7% in the 3rd quarter. State Street Corp now owns 2,349,597 shares of the company’s stock valued at $124,129,000 after purchasing an additional 16,082 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Rush Enterprises by 1.1% in the third quarter. Geode Capital Management LLC now owns 1,616,048 shares of the company’s stock worth $85,390,000 after purchasing an additional 16,803 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in Rush Enterprises by 3.1% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,222,719 shares of the company’s stock worth $66,993,000 after buying an additional 36,326 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. raised its holdings in Rush Enterprises by 1.9% during the third quarter. Global Alpha Capital Management Ltd. now owns 773,990 shares of the company’s stock valued at $40,890,000 after buying an additional 14,600 shares in the last quarter. 84.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Stephens reiterated an “overweight” rating and set a $69.00 price target on shares of Rush Enterprises in a research note on Wednesday, February 19th.

Insider Activity

In related news, Director Michael Mcroberts sold 4,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $58.52, for a total value of $234,080.00. Following the sale, the director now owns 15,771 shares of the company’s stock, valued at $922,918.92. The trade was a 20.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Jody Pollard sold 11,250 shares of the business’s stock in a transaction 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 in the company, valued at approximately $175,892.31. This represents a 78.30 % decrease in their position. The disclosure for this sale can be found here. 12.53% of the stock is owned by company insiders.

Rush Enterprises Price Performance

Shares of NASDAQ:RUSHA opened at $58.32 on Friday. The company has a market cap of $4.61 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 1.04 and a beta of 1.02. The business has a 50 day moving average price of $58.19 and a 200 day moving average price of $56.28. The company has a quick ratio of 0.28, a current ratio of 1.45 and a debt-to-equity ratio of 0.23. Rush Enterprises, Inc. has a twelve month low of $40.99 and a twelve month high of $65.43.

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

Rush Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.72 annualized dividend and a dividend yield of 1.23%. Rush Enterprises’s payout ratio is 19.30%.

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.