5,693 Shares in Rush Enterprises, Inc. (NASDAQ:RUSHA) Bought by Cibc World Markets Corp

Cibc World Markets Corp acquired a new position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,693 shares of the company’s stock, valued at approximately $312,000.

A number of other large investors have also recently bought and sold shares of the company. Intech Investment Management LLC acquired a new stake in shares of Rush Enterprises in the 3rd quarter valued at $1,523,000. Charles Schwab Investment Management Inc. boosted its stake in Rush Enterprises by 14.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 716,741 shares of the company’s stock valued at $37,865,000 after buying an additional 90,537 shares in the last quarter. Citigroup Inc. grew its position in Rush Enterprises by 39.9% in the third quarter. Citigroup Inc. now owns 106,635 shares of the company’s stock valued at $5,634,000 after acquiring an additional 30,399 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Rush Enterprises during the third quarter worth about $247,000. Finally, FMR LLC lifted its holdings 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 worth $273,356,000 after acquiring an additional 1,336,528 shares during the last quarter. 84.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Rush Enterprises Stock Up 4.4 %

Shares of NASDAQ:RUSHA opened at $55.76 on Tuesday. Rush Enterprises, Inc. has a 52-week low of $40.99 and a 52-week high of $65.43. The company has a market capitalization of $4.42 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 1.04 and a beta of 1.06. 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 company has a fifty day moving average of $58.02 and a 200-day moving average of $56.60.

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

Rush Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Monday, March 3rd. Rush Enterprises’s payout ratio is 19.30%.

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 that occurred on Tuesday, February 25th. The shares were sold at an average price of $56.43, for a total transaction of $634,837.50. Following the completion of the transaction, the senior vice president now owns 3,117 shares in the company, valued at approximately $175,892.31. This trade represents a 78.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 sale, the director now directly 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 12.53% 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.