Cubist Systematic Strategies LLC Has $7.14 Million Position in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Cubist Systematic Strategies LLC lifted its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 208.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 130,233 shares of the company’s stock after acquiring an additional 87,952 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.16% of Rush Enterprises worth $7,135,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of RUSHA. Smartleaf Asset Management LLC grew its position 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 acquiring an additional 703 shares in the last quarter. GAMMA Investing LLC boosted its holdings in 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 purchasing an additional 192 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Rush Enterprises by 121.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the company’s stock worth $62,000 after buying an additional 616 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Rush Enterprises during the third quarter valued at about $64,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Rush Enterprises by 71.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,435 shares of the company’s stock worth $79,000 after buying an additional 596 shares during the last quarter. 84.43% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Jody Pollard sold 11,250 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $56.43, for a total transaction of $634,837.50. Following the completion of the sale, the senior vice president now owns 3,117 shares in the company, valued at $175,892.31. The trade was a 78.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael Mcroberts sold 4,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $58.52, for a total transaction of $234,080.00. Following the completion of the transaction, the director now directly owns 15,771 shares in the company, valued at $922,918.92. This trade represents a 20.23 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.28% of the company’s stock.

Rush Enterprises Trading Up 2.0 %

Shares of Rush Enterprises stock opened at $48.75 on Friday. The company’s fifty day moving average price is $52.51 and its two-hundred day moving average price is $56.62. The firm has a market capitalization of $3.86 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 1.04 and a beta of 0.94. Rush Enterprises, Inc. has a 52-week low of $40.99 and a 52-week high of $65.43. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.45 and a quick ratio of 0.28.

Rush Enterprises (NASDAQ:RUSHA) last posted its earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Rush Enterprises had a net margin of 3.90% and a return on equity of 14.76%. On average, analysts expect that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Monday, May 12th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Monday, May 12th. Rush Enterprises’s dividend payout ratio (DPR) is 20.11%.

Wall Street Analyst Weigh In

Separately, Stephens lowered their price objective on Rush Enterprises from $63.00 to $61.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd.

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.