Thrivent Financial for Lutherans Cuts Stake in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Thrivent Financial for Lutherans lowered its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 30.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 51,376 shares of the company’s stock after selling 22,636 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Rush Enterprises were worth $2,815,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC grew its stake in shares of Rush Enterprises by 475.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 851 shares of the company’s stock valued at $46,000 after buying an additional 703 shares during the last quarter. GAMMA Investing LLC grew its position in Rush Enterprises by 24.4% during the 4th quarter. GAMMA Investing LLC now owns 979 shares of the company’s stock worth $54,000 after acquiring an additional 192 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Rush Enterprises in the 3rd quarter worth approximately $64,000. PNC Financial Services Group Inc. lifted its position in Rush Enterprises by 71.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,435 shares of the company’s stock valued at $79,000 after purchasing an additional 596 shares during the last quarter. Finally, Quarry LP boosted its stake in shares of Rush Enterprises by 86.0% during the third quarter. Quarry LP now owns 1,605 shares of the company’s stock valued at $85,000 after purchasing an additional 742 shares during the period. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Rush Enterprises Stock Performance

Shares of NASDAQ:RUSHA opened at $55.23 on Friday. The company has a current ratio of 1.45, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 1.04 and a beta of 1.06. Rush Enterprises, Inc. has a 12 month low of $40.99 and a 12 month high of $65.43. The company has a 50-day moving average price of $57.79 and a 200-day moving average price of $56.64.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate 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. As a group, equities analysts anticipate that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 3rd were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.30%. The ex-dividend date was Monday, March 3rd. Rush Enterprises’s dividend payout ratio (DPR) is currently 19.30%.

Analysts Set New Price Targets

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

Insider Buying and Selling at Rush Enterprises

In other Rush Enterprises news, Director Michael Mcroberts sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $58.52, for a total transaction of $234,080.00. Following the transaction, the director now owns 15,771 shares in the company, valued at approximately $922,918.92. This represents a 20.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $634,837.50. Following the completion of the transaction, the senior vice president now owns 3,117 shares of the company’s stock, valued at approximately $175,892.31. The trade was a 78.30 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.53% of the company’s stock.

About Rush Enterprises

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.