Trexquant Investment LP Invests $219,000 in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Trexquant Investment LP acquired a new stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,006 shares of the company’s stock, valued at approximately $219,000.

Other large investors also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC increased its stake in shares of Rush Enterprises by 7.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 15,319 shares of the company’s stock valued at $839,000 after buying an additional 1,032 shares during the period. Norges Bank bought a new stake in shares of Rush Enterprises in the 4th quarter valued at about $10,127,000. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Rush Enterprises by 9.4% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 27,982 shares of the company’s stock worth $1,533,000 after purchasing an additional 2,413 shares during the period. Segall Bryant & Hamill LLC boosted its stake in shares of Rush Enterprises by 35.0% during the fourth quarter. Segall Bryant & Hamill LLC now owns 468,855 shares of the company’s stock valued at $25,689,000 after purchasing an additional 121,577 shares in the last quarter. Finally, Prudential Financial Inc. increased its holdings in Rush Enterprises by 14.3% during the fourth quarter. Prudential Financial Inc. now owns 80,685 shares of the company’s stock valued at $4,894,000 after buying an additional 10,081 shares during the period. 84.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Rush Enterprises

In other Rush Enterprises news, Director Michael Mcroberts sold 4,000 shares of Rush Enterprises stock in a transaction dated Thursday, February 20th. The stock was 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 owns 15,771 shares of the company’s stock, valued at approximately $922,918.92. The trade was a 20.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jody Pollard sold 11,250 shares of the stock in a transaction dated 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 directly owns 3,117 shares in the company, valued at $175,892.31. This represents a 78.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.53% of the company’s stock.

Rush Enterprises Price Performance

RUSHA opened at $52.48 on Tuesday. The firm has a market capitalization of $4.16 billion, a PE ratio of 14.07, a price-to-earnings-growth ratio of 1.04 and a beta of 0.96. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.45 and a quick ratio of 0.28. The business’s 50-day moving average is $55.53 and its two-hundred day moving average is $56.79. Rush Enterprises, Inc. has a 1 year low of $40.99 and a 1 year high of $65.43.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings data 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 net margin of 3.90% and a return on equity of 14.76%. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.86 billion. Research analysts anticipate that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.18 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.72 annualized dividend and a dividend yield of 1.37%. Rush Enterprises’s dividend payout ratio is presently 19.30%.

Wall Street Analyst Weigh In

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

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.