MetLife Investment Management LLC Acquires 1,560 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

MetLife Investment Management LLC boosted its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,689 shares of the company’s stock after purchasing an additional 1,560 shares during the period. MetLife Investment Management LLC’s holdings in Rush Enterprises were worth $2,010,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in RUSHA. Smartleaf Asset Management LLC grew its position in shares of Rush Enterprises by 475.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 851 shares of the company’s stock valued at $46,000 after acquiring an additional 703 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Rush Enterprises by 24.4% during the 4th quarter. GAMMA Investing LLC now owns 979 shares of the company’s stock worth $54,000 after buying an additional 192 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Rush Enterprises during the 3rd quarter worth about $64,000. PNC Financial Services Group Inc. boosted its holdings in shares of Rush Enterprises by 71.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,435 shares of the company’s stock worth $79,000 after buying an additional 596 shares during the period. Finally, Sterling Capital Management LLC boosted its holdings in shares of Rush Enterprises by 833.8% during the 4th quarter. Sterling Capital Management LLC now owns 1,961 shares of the company’s stock worth $107,000 after buying an additional 1,751 shares during the period. Institutional investors own 84.43% of the company’s stock.

Analyst Ratings Changes

Separately, Stephens reaffirmed an “overweight” rating and set a $69.00 target price on shares of Rush Enterprises in a report on Wednesday, February 19th.

Rush Enterprises Stock Performance

Shares of RUSHA stock opened at $50.60 on Tuesday. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 1.04 and a beta of 0.96. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.45. The company has a 50-day simple moving average of $53.73 and a 200 day simple moving average of $56.83. Rush Enterprises, Inc. has a 52 week low of $40.99 and a 52 week high of $65.43.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.09. Rush Enterprises had a net margin of 3.90% and a return on equity of 14.76%. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.86 billion. On average, sell-side analysts predict that Rush Enterprises, Inc. will post 3.91 earnings per share for the current year.

Rush Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 3rd were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.42%. The ex-dividend date was Monday, March 3rd. Rush Enterprises’s dividend payout ratio (DPR) is 19.30%.

Insiders Place Their Bets

In other news, SVP Jody Pollard sold 11,250 shares of the business’s stock in a transaction that occurred on 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 directly owns 3,117 shares in the company, valued at approximately $175,892.31. The trade was a 78.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction, the director now owns 15,771 shares of the company’s stock, valued at $922,918.92. The trade was a 20.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 12.28% of the company’s stock.

About Rush Enterprises

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.