Mercer Global Advisors Inc. ADV Sells 3,380 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Mercer Global Advisors Inc. ADV decreased its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 14.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,700 shares of the company’s stock after selling 3,380 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Rush Enterprises were worth $1,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of RUSHA. Smartleaf Asset Management LLC increased its holdings in shares of 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 buying an additional 703 shares during the period. GAMMA Investing LLC grew its position in Rush Enterprises by 24.4% during the 4th quarter. GAMMA Investing LLC now owns 979 shares of the company’s stock worth $54,000 after acquiring an additional 192 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Rush Enterprises by 121.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the company’s stock worth $62,000 after purchasing an additional 616 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Rush Enterprises in the third quarter valued at approximately $64,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Rush Enterprises by 71.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,435 shares of the company’s stock valued at $79,000 after purchasing an additional 596 shares during the period. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity

In related news, SVP Jody Pollard sold 11,250 shares of Rush Enterprises stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $56.43, for a total transaction 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 trade represents a 78.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael Mcroberts sold 4,000 shares of Rush Enterprises stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $58.52, for a total transaction of $234,080.00. Following the transaction, the director now owns 15,771 shares of the company’s stock, valued at $922,918.92. The trade was a 20.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.28% of the company’s stock.

Rush Enterprises Stock Performance

Rush Enterprises stock opened at $48.21 on Friday. Rush Enterprises, Inc. has a 1-year low of $40.99 and a 1-year high of $65.43. The firm has a market cap of $3.82 billion, a P/E ratio of 12.92, a P/E/G ratio of 1.04 and a beta of 0.94. The company has a current ratio of 1.45, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average of $52.37 and a 200-day moving average of $56.60.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.86 billion. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. Sell-side analysts expect that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Monday, May 12th will be given a $0.18 dividend. The ex-dividend date is Monday, May 12th. This represents a $0.72 annualized dividend and a dividend yield of 1.49%. Rush Enterprises’s dividend payout ratio is 20.11%.

About Rush Enterprises

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.