Gamco Investors INC. ET AL lifted its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 6.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,466 shares of the company’s stock after acquiring an additional 1,061 shares during the period. Gamco Investors INC. ET AL’s holdings in Rush Enterprises were worth $730,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in Rush Enterprises by 18.8% in the third quarter. JPMorgan Chase & Co. now owns 1,101,928 shares of the company’s stock valued at $43,316,000 after purchasing an additional 174,219 shares during the last quarter. Morgan Stanley lifted its stake in Rush Enterprises by 115.5% in the third quarter. Morgan Stanley now owns 153,102 shares of the company’s stock valued at $6,019,000 after purchasing an additional 82,059 shares during the last quarter. Vanguard Group Inc. lifted its stake in Rush Enterprises by 7.7% in the third quarter. Vanguard Group Inc. now owns 4,085,970 shares of the company’s stock valued at $160,809,000 after purchasing an additional 291,917 shares during the last quarter. Federated Investors Inc. PA lifted its stake in Rush Enterprises by 1.5% in the third quarter. Federated Investors Inc. PA now owns 189,313 shares of the company’s stock valued at $7,442,000 after purchasing an additional 2,792 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in Rush Enterprises by 3.8% in the third quarter. Legal & General Group Plc now owns 25,425 shares of the company’s stock valued at $1,000,000 after purchasing an additional 942 shares during the last quarter. Institutional investors and hedge funds own 76.13% of the company’s stock.
NASDAQ RUSHA opened at $39.41 on Thursday. The company has a quick ratio of 0.23, a current ratio of 1.10 and a debt-to-equity ratio of 0.49. Rush Enterprises, Inc. has a 12-month low of $31.53 and a 12-month high of $46.34. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 0.64 and a beta of 1.30.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 9th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $0.48 annualized dividend and a yield of 1.22%. Rush Enterprises’s payout ratio is 12.47%.
Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Rush Enterprises from a “hold” rating to a “strong-buy” rating and set a $48.00 price target on the stock in a report on Saturday, February 16th. BidaskClub cut shares of Rush Enterprises from a “buy” rating to a “hold” rating in a report on Friday, May 10th. Finally, Longbow Research cut shares of Rush Enterprises from a “buy” rating to a “neutral” rating in a report on Monday, May 6th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $47.75.
Rush Enterprises Profile
Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States. 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, Mitsubishi Fuso, IC Bus, or Blue Bird; provides new and used commercial vehicles, and aftermarket parts, as well as service and repair, financing, and leasing and rental services; and offers property and casualty insurance, including collision and liability insurance on commercial vehicles, cargo insurance, and credit life insurance to its commercial vehicle customers.
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