Allspring Global Investments Holdings LLC Sells 1,318 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Allspring Global Investments Holdings LLC trimmed its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 15.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,322 shares of the company’s stock after selling 1,318 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Rush Enterprises were worth $368,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RUSHA. Gladius Capital Management LP grew its stake in shares of Rush Enterprises by 891.2% in the third quarter. Gladius Capital Management LP now owns 1,120 shares of the company’s stock worth $46,000 after acquiring an additional 1,007 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Rush Enterprises by 50.0% during the third quarter. Nisa Investment Advisors LLC now owns 2,290 shares of the company’s stock valued at $94,000 after buying an additional 763 shares during the last quarter. Essex Savings Bank purchased a new stake in shares of Rush Enterprises during the fourth quarter valued at $204,000. Tectonic Advisors LLC purchased a new stake in shares of Rush Enterprises during the fourth quarter valued at $207,000. Finally, Amalgamated Bank boosted its position in shares of Rush Enterprises by 50.0% during the third quarter. Amalgamated Bank now owns 6,107 shares of the company’s stock valued at $249,000 after buying an additional 2,035 shares during the last quarter. 84.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on RUSHA. StockNews.com cut Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Monday, January 1st. Stephens reaffirmed an “overweight” rating and set a $60.00 price objective on shares of Rush Enterprises in a research report on Wednesday.

Rush Enterprises Stock Up 3.0 %

RUSHA stock opened at $46.76 on Friday. Rush Enterprises, Inc. has a fifty-two week low of $33.37 and a fifty-two week high of $53.78. The business’s 50-day moving average is $49.35 and its two-hundred day moving average is $44.87. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.27 and a current ratio of 1.43. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 11.82, a P/E/G ratio of 1.08 and a beta of 1.02.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.80 by $0.08. The firm had revenue of $1.87 billion for the quarter. Rush Enterprises had a return on equity of 17.16% and a net margin of 4.16%. During the same period last year, the business earned $1.07 EPS. As a group, analysts forecast that Rush Enterprises, Inc. will post 2.88 earnings per share for the current year.

Rush Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 9th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.45%. The ex-dividend date is Wednesday, May 8th. Rush Enterprises’s dividend payout ratio (DPR) is presently 17.19%.

Insider Activity at Rush Enterprises

In other news, SVP Jody Pollard sold 11,250 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $48.28, for a total value of $543,150.00. Following the completion of the transaction, the senior vice president now directly owns 2,777 shares of the company’s stock, valued at approximately $134,073.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 17.10% of the stock is owned by corporate insiders.

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.