Virtu Financial LLC Purchases Shares of 7,134 Rush Enterprises, Inc. (NASDAQ:RUSHA)

Virtu Financial LLC purchased a new position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,134 shares of the company’s stock, valued at approximately $359,000.

A number of other hedge funds have also recently made changes to their positions in the business. Yousif Capital Management LLC purchased a new stake in Rush Enterprises during the 4th quarter valued at $1,493,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Rush Enterprises by 49.9% during the third quarter. Public Employees Retirement System of Ohio now owns 174,267 shares of the company’s stock worth $7,115,000 after purchasing an additional 58,050 shares during the period. Principal Financial Group Inc. grew its stake 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. Maryland State Retirement & Pension System purchased a new position in Rush Enterprises during the 4th quarter valued at about $1,127,000. Finally, Wasatch Advisors LP raised its position in Rush Enterprises by 27.6% during the 4th quarter. Wasatch Advisors LP now owns 412,335 shares of the company’s stock valued at $20,740,000 after purchasing an additional 89,184 shares during the last quarter. 84.43% of the stock is currently owned by institutional investors.

Rush Enterprises Stock Performance

Shares of RUSHA stock opened at $43.22 on Thursday. The company’s fifty day moving average price is $45.29 and its 200-day moving average price is $46.46. The stock has a market cap of $3.40 billion, a PE ratio of 10.91, a price-to-earnings-growth ratio of 1.97 and a beta of 1.02. The company has a current ratio of 1.43, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. Rush Enterprises, Inc. has a 12 month low of $34.68 and a 12 month high of $53.78.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.08. The firm had revenue of $1.87 billion during the quarter. Rush Enterprises had a return on equity of 17.16% and a net margin of 4.16%. During the same quarter in the previous year, the business earned $1.07 earnings per share. On average, equities analysts expect that Rush Enterprises, Inc. will post 2.98 EPS for the current fiscal year.

Rush Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Thursday, May 9th were paid a $0.17 dividend. The ex-dividend date was Wednesday, May 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.57%. Rush Enterprises’s dividend payout ratio (DPR) is currently 17.17%.

Insider Buying and Selling

In other Rush Enterprises news, SVP Jason Wilder sold 11,250 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $46.23, for a total value of $520,087.50. Following the transaction, the senior vice president now directly owns 534 shares in the company, valued at $24,686.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.53% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Stephens reiterated an “overweight” rating and issued a $60.00 price target on shares of Rush Enterprises in a report on Wednesday, April 24th.

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.