The Manufacturers Life Insurance Company Sells 1,415 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

The Manufacturers Life Insurance Company decreased its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,688 shares of the company’s stock after selling 1,415 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Rush Enterprises were worth $1,846,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Global Alpha Capital Management Ltd. increased its holdings in shares of Rush Enterprises by 2.0% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 789,190 shares of the company’s stock worth $43,240,000 after acquiring an additional 15,200 shares in the last quarter. Costello Asset Management INC raised its holdings in shares of Rush Enterprises by 3,793.9% during the fourth quarter. Costello Asset Management INC now owns 42,833 shares of the company’s stock worth $2,347,000 after acquiring an additional 41,733 shares during the period. Natixis Advisors LLC lifted its position in Rush Enterprises by 4.9% in the 4th quarter. Natixis Advisors LLC now owns 247,586 shares of the company’s stock valued at $13,566,000 after acquiring an additional 11,658 shares in the last quarter. EMC Capital Management lifted its position in Rush Enterprises by 82.6% in the 4th quarter. EMC Capital Management now owns 9,603 shares of the company’s stock valued at $526,000 after acquiring an additional 4,345 shares in the last quarter. Finally, Strategic Financial Concepts LLC bought a new stake in Rush Enterprises in the 4th quarter valued at $5,760,000. Institutional investors own 84.43% of the company’s stock.

Insider Activity at Rush Enterprises

In other news, Director Michael Mcroberts sold 4,000 shares of the business’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 completion of the sale, the director now owns 15,771 shares in the company, valued at $922,918.92. The trade was a 20.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Jody Pollard sold 11,250 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $56.43, for a total value of $634,837.50. Following the sale, the senior vice president now owns 3,117 shares of the company’s stock, valued at approximately $175,892.31. This represents a 78.30% decrease in their position. The disclosure for this sale can be found here. 12.28% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, Stephens decreased their price target on shares of Rush Enterprises from $63.00 to $61.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd.

Rush Enterprises Price Performance

Shares of RUSHA opened at $48.21 on Monday. The stock has a market capitalization of $3.82 billion, a P/E ratio of 12.92, a P/E/G ratio of 1.04 and a beta of 0.94. Rush Enterprises, Inc. has a twelve month low of $40.99 and a twelve month high of $65.43. The company has a 50 day moving average of $52.37 and a 200-day moving average of $56.65. The company has a quick ratio of 0.28, a current ratio of 1.45 and a debt-to-equity ratio of 0.23.

Rush Enterprises (NASDAQ:RUSHA) last released its earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.86 billion. As a group, equities research analysts forecast that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Monday, May 12th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Monday, May 12th. Rush Enterprises’s dividend payout ratio (DPR) is presently 20.11%.

Rush Enterprises Company 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.