Global Alpha Capital Management Ltd. Has $54.61 Million Stock Position in Rush Enterprises, Inc. $RUSHA

Global Alpha Capital Management Ltd. lifted its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 20.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,012,486 shares of the company’s stock after purchasing an additional 173,096 shares during the period. Rush Enterprises accounts for 3.3% of Global Alpha Capital Management Ltd.’s holdings, making the stock its 6th biggest position. Global Alpha Capital Management Ltd.’s holdings in Rush Enterprises were worth $54,613,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. CIBC Private Wealth Group LLC grew its stake in shares of Rush Enterprises by 495.4% in the third quarter. CIBC Private Wealth Group LLC now owns 518 shares of the company’s stock worth $28,000 after acquiring an additional 431 shares during the period. Private Trust Co. NA grew its stake in shares of Rush Enterprises by 211.4% in the fourth quarter. Private Trust Co. NA now owns 545 shares of the company’s stock worth $29,000 after acquiring an additional 370 shares during the period. Measured Wealth Private Client Group LLC bought a new stake in shares of Rush Enterprises in the third quarter worth approximately $34,000. Allworth Financial LP grew its stake in shares of Rush Enterprises by 5,790.9% in the third quarter. Allworth Financial LP now owns 648 shares of the company’s stock worth $35,000 after acquiring an additional 637 shares during the period. Finally, First Horizon Corp bought a new stake in shares of Rush Enterprises in the fourth quarter worth approximately $37,000. 84.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Weiss Ratings upgraded shares of Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 25th. Stephens reiterated an “overweight” rating and issued a $85.00 price target on shares of Rush Enterprises in a research note on Tuesday, May 19th. Zacks Research lowered shares of Rush Enterprises from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 21st. Wolfe Research assumed coverage on shares of Rush Enterprises in a research report on Monday, April 27th. They set an “outperform” rating and a $88.00 price target for the company. Finally, UBS Group upped their price target on shares of Rush Enterprises from $73.00 to $78.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $83.67.

Rush Enterprises Price Performance

NASDAQ RUSHA opened at $67.02 on Friday. Rush Enterprises, Inc. has a 52 week low of $45.67 and a 52 week high of $76.99. The firm has a market capitalization of $5.21 billion, a P/E ratio of 20.25, a PEG ratio of 1.42 and a beta of 0.88. The company has a quick ratio of 0.37, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $70.08 and a 200-day moving average price of $64.52.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.73 billion. Rush Enterprises had a return on equity of 11.87% and a net margin of 3.65%. Equities research analysts anticipate that Rush Enterprises, Inc. will post 3.79 earnings per share for the current year.

Rush Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Tuesday, May 12th will be paid a dividend of $0.19 per share. The ex-dividend date is Tuesday, May 12th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.1%. Rush Enterprises’s payout ratio is 22.96%.

Insider Buying and Selling

In related news, Director Michael Mcroberts sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $72.23, for a total transaction of $577,840.00. Following the completion of the transaction, the director directly owned 16,229 shares in the company, valued at approximately $1,172,220.67. The trade was a 33.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Raymond Joseph Chess sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $65.05, for a total value of $650,500.00. Following the transaction, the director owned 41,170 shares of the company’s stock, valued at approximately $2,678,108.50. This trade represents a 19.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 12.68% of the company’s stock.

Rush Enterprises Profile

Rush Enterprises, Inc, headquartered in New Braunfels, Texas, is a leading distributor of commercial vehicles and related products in the United States. Through its Rush Truck Centers subsidiary, the company sells new and used medium- and heavy-duty trucks, buses and specialty vehicles, while also offering factory-authorized parts, collision repair, maintenance and warranty support across its network of dealerships.

Founded in 1965, Rush Enterprises has grown to encompass more than 150 locations in over 20 states, partnering with major manufacturers including Kenworth, Peterbilt, Freightliner, Volvo and Mack.