Natixis Advisors LLC Increases Stock Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Natixis Advisors LLC increased its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 247,586 shares of the company’s stock after buying an additional 11,658 shares during the period. Natixis Advisors LLC owned about 0.31% of Rush Enterprises worth $13,566,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of 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 in the last quarter. Jennison Associates LLC grew its holdings in shares of Rush Enterprises by 1,398.4% during the fourth quarter. Jennison Associates LLC now owns 509,380 shares of the company’s stock worth $27,909,000 after buying an additional 475,384 shares in the last quarter. Proficio Capital Partners LLC lifted its stake in shares of Rush Enterprises by 5,379.0% during the fourth quarter. Proficio Capital Partners LLC now owns 334,822 shares of the company’s stock valued at $18,345,000 after buying an additional 328,711 shares during the period. Janus Henderson Group PLC boosted its position in Rush Enterprises by 148.1% during the third quarter. Janus Henderson Group PLC now owns 308,204 shares of the company’s stock worth $16,282,000 after acquiring an additional 183,965 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Rush Enterprises in the 4th quarter worth approximately $9,822,000. 84.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Stephens restated an “overweight” rating and set a $69.00 price objective on shares of Rush Enterprises in a report on Wednesday, February 19th.

Rush Enterprises Trading Up 3.1 %

Shares of RUSHA stock opened at $54.54 on Thursday. The firm’s 50-day simple moving average is $58.07 and its 200-day simple moving average is $56.48. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.45 and a quick ratio of 0.28. Rush Enterprises, Inc. has a 1-year low of $40.99 and a 1-year high of $65.43. The firm has a market cap of $4.32 billion, a P/E ratio of 14.62, a PEG ratio of 1.04 and a beta of 1.06.

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

Rush Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 3rd were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Monday, March 3rd. Rush Enterprises’s dividend payout ratio (DPR) is presently 19.30%.

Insiders Place Their Bets

In other Rush Enterprises news, Director Michael Mcroberts sold 4,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $58.52, for a total value of $234,080.00. Following 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 document filed 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 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 transaction, the senior vice president now 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 currently owned by insiders.

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.