3,274 Shares in Rush Enterprises, Inc. (NASDAQ:RUSHA) Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 3,274 shares of the company’s stock, valued at approximately $179,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RUSHA. GAMMA Investing LLC boosted its holdings in shares of Rush Enterprises by 24.4% in the fourth quarter. GAMMA Investing LLC now owns 979 shares of the company’s stock worth $54,000 after acquiring an additional 192 shares during the period. Costello Asset Management INC bought a new position in Rush Enterprises in the 3rd quarter worth about $58,000. Wilmington Savings Fund Society FSB bought a new position in Rush Enterprises in the 3rd quarter worth about $64,000. Farther Finance Advisors LLC grew its holdings in Rush Enterprises by 73.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,479 shares of the company’s stock valued at $78,000 after buying an additional 628 shares in the last quarter. Finally, Quarry LP increased its position 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 buying an additional 742 shares during the period. Institutional investors own 84.43% of the company’s stock.

Insider Buying and Selling

In other Rush Enterprises news, SVP Jody Pollard sold 11,250 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $56.43, for a total transaction of $634,837.50. Following the sale, the senior vice president now owns 3,117 shares in the company, valued at $175,892.31. This trade represents a 78.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Mcroberts sold 4,000 shares of the company’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 completion of the transaction, 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 disclosure for this sale can be found here. 12.53% of the stock is owned by company insiders.

Rush Enterprises Stock Up 2.5 %

RUSHA opened at $56.36 on Thursday. The firm has a market capitalization of $4.47 billion, a P/E ratio of 15.11, a price-to-earnings-growth ratio of 1.04 and a beta of 1.02. Rush Enterprises, Inc. has a one year low of $40.99 and a one year high of $65.43. The company has a fifty day moving average price of $58.24 and a 200-day moving average price of $56.37. 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 (NASDAQ:RUSHA) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.09. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.86 billion. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. Equities research analysts expect 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 will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Monday, March 3rd. Rush Enterprises’s payout ratio is 19.30%.

Analyst Ratings Changes

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

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.