Teton Advisors Inc. Lowers Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Teton Advisors Inc. decreased its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 46.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,000 shares of the company’s stock after selling 23,490 shares during the quarter. Teton Advisors Inc.’s holdings in Rush Enterprises were worth $1,358,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Handelsbanken Fonder AB boosted its position in Rush Enterprises by 50.0% during the third quarter. Handelsbanken Fonder AB now owns 14,439 shares of the company’s stock worth $590,000 after purchasing an additional 4,813 shares in the last quarter. Simplicity Solutions LLC boosted its position in Rush Enterprises by 51.2% during the third quarter. Simplicity Solutions LLC now owns 13,050 shares of the company’s stock worth $533,000 after purchasing an additional 4,419 shares in the last quarter. Raymond James & Associates purchased a new position in Rush Enterprises during the third quarter worth approximately $1,777,000. New South Capital Management Inc. boosted its position in Rush Enterprises by 48.8% during the third quarter. New South Capital Management Inc. now owns 584,815 shares of the company’s stock worth $23,878,000 after purchasing an additional 191,849 shares in the last quarter. Finally, Redwood Investments LLC boosted its position in Rush Enterprises by 39.6% during the third quarter. Redwood Investments LLC now owns 347,590 shares of the company’s stock worth $14,192,000 after purchasing an additional 98,599 shares in the last quarter. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Rush Enterprises Price Performance

Shares of Rush Enterprises stock traded down $2.40 during mid-day trading on Tuesday, reaching $43.92. 487,912 shares of the stock traded hands, compared to its average volume of 378,022. The business has a 50-day moving average of $49.34 and a 200 day moving average of $44.96. Rush Enterprises, Inc. has a fifty-two week low of $33.37 and a fifty-two week high of $53.78. The stock has a market capitalization of $3.42 billion, a PE ratio of 11.10, a PEG ratio of 1.07 and a beta of 1.02. The company has a quick ratio of 0.28, a current ratio of 1.43 and a debt-to-equity ratio of 0.32.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.80 by $0.08. Rush Enterprises had a return on equity of 17.16% and a net margin of 4.16%. The firm had revenue of $1.87 billion during the quarter. During the same period in the prior year, the business posted $1.07 EPS. On average, analysts predict that Rush Enterprises, Inc. will post 2.92 EPS for the current year.

Rush Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 9th will be issued a $0.17 dividend. The ex-dividend date is Wednesday, May 8th. This represents a $0.68 annualized dividend and a dividend yield of 1.55%. Rush Enterprises’s dividend payout ratio is presently 17.19%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Stephens reiterated an “overweight” rating and set a $60.00 price target on shares of Rush Enterprises in a research report on Wednesday, April 24th. StockNews.com cut Rush Enterprises from a “buy” rating to a “hold” rating in a report on Monday, January 1st.

Insider Activity at Rush Enterprises

In other Rush Enterprises news, SVP Jody Pollard sold 11,250 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $48.28, for a total transaction of $543,150.00. Following the completion of the sale, the senior vice president now owns 2,777 shares of the company’s stock, valued at $134,073.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 12.53% of the company’s stock.

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.