Teachers Retirement System of The State of Kentucky Has $4.07 Million Stake in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Teachers Retirement System of The State of Kentucky lowered its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 2.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 74,222 shares of the company’s stock after selling 1,782 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Rush Enterprises were worth $4,067,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vaughan Nelson Investment Management L.P. raised its stake in shares of Rush Enterprises by 3.1% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,222,719 shares of the company’s stock worth $66,993,000 after purchasing an additional 36,326 shares during the last quarter. Beck Mack & Oliver LLC raised its position in Rush Enterprises by 0.5% in the 4th quarter. Beck Mack & Oliver LLC now owns 1,073,567 shares of the company’s stock valued at $58,821,000 after buying an additional 5,823 shares during the last quarter. Global Alpha Capital Management Ltd. lifted its stake in Rush Enterprises by 2.0% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 789,190 shares of the company’s stock valued at $43,240,000 after acquiring an additional 15,200 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Rush Enterprises by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 742,995 shares of the company’s stock worth $40,709,000 after acquiring an additional 26,254 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Rush Enterprises by 0.5% in the 4th quarter. Bank of New York Mellon Corp now owns 624,103 shares of the company’s stock worth $34,195,000 after acquiring an additional 3,386 shares in the last quarter. Institutional investors own 84.43% of the company’s stock.

Insider Buying and Selling at Rush Enterprises

In other news, SVP Jody Pollard sold 11,250 shares of Rush Enterprises 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 transaction, the senior vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Mcroberts sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were 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 directly owns 15,771 shares in the company, valued at approximately $922,918.92. This trade represents a 20.23 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.53% 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 report on Wednesday, February 19th.

Rush Enterprises Stock Performance

RUSHA stock opened at $51.42 on Wednesday. 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 firm has a market cap of $4.07 billion, a PE ratio of 13.79, a P/E/G ratio of 1.04 and a beta of 0.96. The business has a 50 day moving average of $54.50 and a 200-day moving average of $56.77. Rush Enterprises, Inc. has a 12-month low of $40.99 and a 12-month high of $65.43.

Rush Enterprises (NASDAQ:RUSHA) last announced 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 during the quarter, compared to the consensus estimate of $1.86 billion. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. As a group, sell-side analysts expect that Rush Enterprises, Inc. will post 3.91 earnings per share for the current year.

Rush Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 3rd were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Monday, March 3rd. Rush Enterprises’s dividend payout ratio is 19.30%.

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.