Mitsubishi UFJ Trust & Banking Corp Purchases 2,413 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 9.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,982 shares of the company’s stock after purchasing an additional 2,413 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Rush Enterprises were worth $1,533,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of RUSHA. Smartleaf Asset Management LLC lifted its stake in Rush Enterprises by 475.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 851 shares of the company’s stock worth $46,000 after purchasing an additional 703 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Rush Enterprises by 24.4% in the fourth 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 in the 3rd quarter valued at about $64,000. PNC Financial Services Group Inc. boosted its holdings in Rush Enterprises by 71.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,435 shares of the company’s stock valued at $79,000 after acquiring an additional 596 shares during the period. Finally, Quarry LP grew its position in Rush Enterprises by 86.0% during the 3rd quarter. Quarry LP now owns 1,605 shares of the company’s stock worth $85,000 after acquiring an additional 742 shares during the last quarter. 84.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Stephens reissued an “overweight” rating and set a $69.00 price objective on shares of Rush Enterprises in a research note on Wednesday, February 19th.

Rush Enterprises Price Performance

Shares of Rush Enterprises stock opened at $55.44 on Wednesday. The firm has a market cap of $4.39 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 1.04 and a beta of 1.06. The company’s fifty day simple moving average is $57.42 and its two-hundred day simple moving average is $56.86. The company has a quick ratio of 0.28, a current ratio of 1.45 and a debt-to-equity ratio of 0.23. 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 results 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. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.86 billion. As a group, equities analysts expect that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 3rd were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Monday, March 3rd. Rush Enterprises’s payout ratio is 19.30%.

Insider Activity at Rush Enterprises

In other Rush Enterprises news, Director Michael Mcroberts sold 4,000 shares of Rush Enterprises stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $58.52, for a total transaction of $234,080.00. Following the sale, the director now directly owns 15,771 shares of the company’s stock, valued at approximately $922,918.92. The trade was a 20.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jody Pollard sold 11,250 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was 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 of the company’s stock, valued at $175,892.31. This represents a 78.30 % decrease in their position. The disclosure for this sale can be found here. 12.53% of the stock is currently owned by company insiders.

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.