Forager Capital Management LLC Has $12.35 Million Holdings in Rush Enterprises, Inc. $RUSHA

Forager Capital Management LLC lifted its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 50.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 239,822 shares of the company’s stock after acquiring an additional 80,000 shares during the period. Rush Enterprises comprises 6.0% of Forager Capital Management LLC’s investment portfolio, making the stock its 8th largest position. Forager Capital Management LLC’s holdings in Rush Enterprises were worth $12,353,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in Rush Enterprises by 540.0% in the second quarter. American Century Companies Inc. now owns 846,512 shares of the company’s stock valued at $43,604,000 after buying an additional 714,253 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in shares of Rush Enterprises by 303.4% in the 2nd quarter. Allianz Asset Management GmbH now owns 352,922 shares of the company’s stock valued at $18,179,000 after acquiring an additional 265,432 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Rush Enterprises during the 1st quarter valued at $9,667,000. Jane Street Group LLC grew its position in Rush Enterprises by 605.6% during the 1st quarter. Jane Street Group LLC now owns 153,189 shares of the company’s stock worth $8,182,000 after acquiring an additional 131,480 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Rush Enterprises by 12.0% in the 1st quarter. Northern Trust Corp now owns 879,554 shares of the company’s stock worth $46,977,000 after purchasing an additional 94,271 shares in the last quarter. Institutional investors own 84.43% of the company’s stock.

Rush Enterprises Price Performance

Rush Enterprises stock opened at $51.81 on Wednesday. The stock’s 50 day moving average is $51.23 and its 200 day moving average is $52.72. Rush Enterprises, Inc. has a one year low of $45.67 and a one year high of $65.43. The firm has a market cap of $3.99 billion, a P/E ratio of 15.37, a P/E/G ratio of 1.44 and a beta of 0.91. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.39 and a quick ratio of 0.32.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings results on Thursday, May 20th. The company reported $0.79 earnings per share (EPS) for the quarter. The firm had revenue of $1.23 billion during the quarter. Rush Enterprises had a net margin of 3.57% and a return on equity of 12.61%. As a group, research analysts expect that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Wednesday, November 12th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, November 12th. Rush Enterprises’s dividend payout ratio (DPR) is currently 22.55%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Rush Enterprises in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Rush Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Stephens reduced their target price on shares of Rush Enterprises from $60.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Finally, Zacks Research cut shares of Rush Enterprises from a “hold” rating to a “strong sell” rating in a research report on Monday, November 3rd. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $55.00.

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.