Invesco Ltd. Sells 37,900 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Invesco Ltd. lessened its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 595,524 shares of the company’s stock after selling 37,900 shares during the quarter. Invesco Ltd. owned 0.75% of Rush Enterprises worth $32,629,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake in shares of Rush Enterprises by 475.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 851 shares of the company’s stock valued at $46,000 after purchasing an additional 703 shares in the last quarter. GAMMA Investing LLC boosted its position in Rush Enterprises by 24.4% during the fourth quarter. GAMMA Investing LLC now owns 979 shares of the company’s stock valued at $54,000 after buying an additional 192 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Rush Enterprises during the third quarter valued at about $64,000. PNC Financial Services Group Inc. grew its stake in shares of Rush Enterprises by 71.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,435 shares of the company’s stock valued at $79,000 after buying an additional 596 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of Rush Enterprises in the fourth quarter worth about $179,000. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

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 shares were sold at an average price of $56.43, for a total value of $634,837.50. Following the completion of the sale, the senior vice president now directly 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 value of $234,080.00. Following the transaction, the director now owns 15,771 shares in the company, valued at $922,918.92. This trade represents a 20.23 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.53% of the company’s stock.

Rush Enterprises Stock Up 0.7 %

Shares of NASDAQ RUSHA opened at $51.77 on Friday. The firm’s fifty day moving average is $55.01 and its 200 day moving average is $56.72. Rush Enterprises, Inc. has a 52 week low of $40.99 and a 52 week high of $65.43. The company has a quick ratio of 0.28, a current ratio of 1.45 and a debt-to-equity ratio of 0.23. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 1.04 and a beta of 0.96.

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

Rush Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd were given a $0.18 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.39%. Rush Enterprises’s dividend payout ratio is currently 19.30%.

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.