Cornerstone Investment Partners LLC Invests $211,000 in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Cornerstone Investment Partners LLC acquired a new position in Rush Enterprises, Inc. (NASDAQ:RUSHA) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,201 shares of the company’s stock, valued at approximately $211,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisor Group Holdings Inc. boosted its position in shares of Rush Enterprises by 55.9% during the first quarter. Advisor Group Holdings Inc. now owns 3,207 shares of the company’s stock worth $164,000 after acquiring an additional 1,150 shares during the last quarter. Raymond James & Associates lifted its position in Rush Enterprises by 10.0% during the first quarter. Raymond James & Associates now owns 45,868 shares of the company’s stock valued at $2,335,000 after purchasing an additional 4,172 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Rush Enterprises by 9.7% during the first quarter. Bank of New York Mellon Corp now owns 446,215 shares of the company’s stock valued at $22,717,000 after purchasing an additional 39,377 shares during the last quarter. MetLife Investment Management LLC lifted its position in Rush Enterprises by 59.6% during the first quarter. MetLife Investment Management LLC now owns 22,425 shares of the company’s stock valued at $1,142,000 after purchasing an additional 8,378 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Rush Enterprises by 9.3% in the 1st quarter. BlackRock Inc. now owns 3,352,152 shares of the company’s stock worth $170,659,000 after acquiring an additional 283,822 shares during the last quarter. 84.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on RUSHA shares. StockNews.com lowered shares of Rush Enterprises from a “buy” rating to a “hold” rating in a report on Monday, January 1st. Stephens restated an “overweight” rating and issued a $58.00 target price on shares of Rush Enterprises in a report on Wednesday, February 14th.

Rush Enterprises Trading Up 1.6 %

NASDAQ RUSHA opened at $48.71 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.27 and a current ratio of 1.35. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 1.11 and a beta of 1.02. The company’s 50-day simple moving average is $49.35 and its two-hundred day simple moving average is $44.62. Rush Enterprises, Inc. has a one year low of $33.37 and a one year high of $53.78.

Rush Enterprises (NASDAQ:RUSHA) last posted its earnings results on Tuesday, February 13th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.11. Rush Enterprises had a net margin of 4.38% and a return on equity of 18.44%. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the firm posted $1.16 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities analysts forecast that Rush Enterprises, Inc. will post 2.88 EPS for the current fiscal year.

Rush Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Tuesday, February 27th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Monday, February 26th. Rush Enterprises’s dividend payout ratio (DPR) is presently 16.41%.

Insider Buying and Selling

In related news, SVP Jody Pollard sold 11,250 shares of Rush Enterprises stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $48.28, for a total value of $543,150.00. Following the completion of the sale, the senior vice president now directly owns 2,777 shares in the company, valued at approximately $134,073.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.10% of the stock is owned by company insiders.

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.