Leuthold Group LLC Cuts Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Leuthold Group LLC trimmed its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 0.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 64,628 shares of the company’s stock after selling 257 shares during the period. Leuthold Group LLC owned approximately 0.08% of Rush Enterprises worth $3,459,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in RUSHA. Vanguard Group Inc. boosted its stake in shares of Rush Enterprises by 49.0% in the 3rd quarter. Vanguard Group Inc. now owns 6,915,478 shares of the company’s stock worth $282,359,000 after buying an additional 2,274,689 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Rush Enterprises by 49.2% in the third quarter. Wellington Management Group LLP now owns 6,193,077 shares of the company’s stock worth $252,863,000 after purchasing an additional 2,041,125 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Rush Enterprises by 41.7% in the third quarter. JPMorgan Chase & Co. now owns 2,531,048 shares of the company’s stock worth $103,343,000 after purchasing an additional 744,310 shares during the last quarter. Norges Bank bought a new stake in shares of Rush Enterprises in the fourth quarter worth about $20,954,000. Finally, Principal Financial Group Inc. increased its holdings in shares of Rush Enterprises by 1,544.7% in the fourth quarter. Principal Financial Group Inc. now owns 336,876 shares of the company’s stock worth $16,945,000 after purchasing an additional 316,393 shares during the last quarter. 84.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Rush Enterprises

In related news, SVP Jason Wilder sold 11,250 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $46.23, for a total transaction of $520,087.50. Following the completion of the transaction, the senior vice president now owns 534 shares in the company, valued at $24,686.82. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 12.53% of the company’s stock.

Analysts Set New Price Targets

Separately, Stephens began coverage on Rush Enterprises in a research note on Monday. They set an “overweight” rating on the stock.

Rush Enterprises Price Performance

RUSHA stock traded up $0.92 during trading on Friday, hitting $45.30. The stock had a trading volume of 79,148 shares, compared to its average volume of 344,605. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.43 and a quick ratio of 0.28. Rush Enterprises, Inc. has a twelve month low of $34.68 and a twelve month high of $53.78. The stock has a market capitalization of $3.56 billion, a P/E ratio of 11.22, a PEG ratio of 1.91 and a beta of 1.02. The company’s 50-day moving average price is $43.67 and its two-hundred day moving average price is $46.38.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.08. Rush Enterprises had a return on equity of 17.16% and a net margin of 4.16%. The firm had revenue of $1.87 billion for the quarter. During the same quarter in the prior year, the company posted $1.07 earnings per share. As a group, research analysts predict that Rush Enterprises, Inc. will post 3 EPS for the current fiscal year.

Rush Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Thursday, May 9th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date was Wednesday, May 8th. Rush Enterprises’s dividend payout ratio is currently 17.19%.

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.