Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D raised its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 8.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,017 shares of the company’s stock after buying an additional 4,916 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.08% of Rush Enterprises worth $3,270,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Nisa Investment Advisors LLC increased its stake in Rush Enterprises by 13.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,590 shares of the company’s stock valued at $130,000 after buying an additional 300 shares during the period. Gladius Capital Management LP grew its stake in shares of Rush Enterprises by 891.2% in the 3rd quarter. Gladius Capital Management LP now owns 1,120 shares of the company’s stock worth $46,000 after purchasing an additional 1,007 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Rush Enterprises by 4.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,552 shares of the company’s stock worth $1,436,000 after purchasing an additional 1,222 shares in the last quarter. Quantbot Technologies LP raised its holdings in shares of Rush Enterprises by 30.2% in the 3rd quarter. Quantbot Technologies LP now owns 6,533 shares of the company’s stock worth $267,000 after purchasing an additional 1,515 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Rush Enterprises by 24.3% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 9,450 shares of the company’s stock worth $386,000 after purchasing an additional 1,850 shares in the last quarter. Institutional investors and hedge funds own 84.43% of the company’s stock.

Insider Activity

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

Analysts Set New Price Targets

A number of analysts recently commented on the stock. StockNews.com downgraded shares of Rush Enterprises from a “buy” rating to a “hold” rating in a report on Monday, January 1st. Stephens reiterated an “overweight” rating and issued a $60.00 target price on shares of Rush Enterprises in a report on Wednesday.

Rush Enterprises Stock Up 3.0 %

NASDAQ RUSHA opened at $46.76 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.43 and a quick ratio of 0.27. The company’s 50 day simple moving average is $49.35 and its 200 day simple moving average is $44.87. Rush Enterprises, Inc. has a 12 month low of $33.37 and a 12 month high of $53.78. The company has a market capitalization of $3.64 billion, a P/E ratio of 11.82, a PEG ratio of 1.03 and a beta of 1.02.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.08. Rush Enterprises had a net margin of 4.16% and a return on equity of 17.16%. The business had revenue of $1.87 billion for the quarter. During the same quarter in the prior year, the firm earned $1.07 EPS. Equities research analysts expect that Rush Enterprises, Inc. will post 2.92 earnings per share for the current fiscal year.

Rush Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 9th will be issued a dividend of $0.17 per share. The ex-dividend date is Wednesday, May 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.45%. Rush Enterprises’s dividend payout ratio is currently 17.19%.

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.