Natixis Advisors LLC Cuts Stake in Rush Enterprises, Inc. $RUSHA

Natixis Advisors LLC reduced its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 31.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 154,038 shares of the company’s stock after selling 71,343 shares during the period. Natixis Advisors LLC’s holdings in Rush Enterprises were worth $8,309,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. State Street Corp grew its stake in shares of Rush Enterprises by 0.3% in the second quarter. State Street Corp now owns 2,359,238 shares of the company’s stock worth $121,524,000 after acquiring an additional 6,994 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Rush Enterprises by 38.6% in the third quarter. American Century Companies Inc. now owns 1,173,429 shares of the company’s stock worth $62,743,000 after acquiring an additional 326,917 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in shares of Rush Enterprises by 15.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 785,998 shares of the company’s stock worth $42,027,000 after acquiring an additional 105,450 shares during the last quarter. Cooke & Bieler LP grew its stake in shares of Rush Enterprises by 85.0% in the fourth quarter. Cooke & Bieler LP now owns 729,250 shares of the company’s stock worth $39,336,000 after acquiring an additional 335,019 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Rush Enterprises by 91.9% in the second quarter. Ameriprise Financial Inc. now owns 628,855 shares of the company’s stock worth $32,392,000 after acquiring an additional 301,119 shares during the last quarter. 84.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on RUSHA shares. Stephens reaffirmed an “overweight” rating and set a $85.00 price objective on shares of Rush Enterprises in a research report on Tuesday, May 19th. Zacks Research cut Rush Enterprises from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 21st. Wolfe Research started coverage on Rush Enterprises in a research report on Monday, April 27th. They set an “outperform” rating and a $88.00 price objective on the stock. Wall Street Zen raised Rush Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, UBS Group increased their price objective on Rush Enterprises from $73.00 to $78.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Rush Enterprises presently has a consensus rating of “Hold” and a consensus target price of $83.67.

Rush Enterprises Stock Performance

Rush Enterprises stock opened at $67.02 on Monday. The stock has a market capitalization of $5.21 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 1.42 and a beta of 0.89. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 0.37. The business’s fifty day moving average is $70.08 and its 200 day moving average is $64.64. Rush Enterprises, Inc. has a one year low of $45.67 and a one year high of $76.99.

Rush Enterprises (NASDAQ:RUSHA) last announced its earnings results on Tuesday, April 28th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.05. The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Rush Enterprises had a return on equity of 11.87% and a net margin of 3.65%. On average, sell-side analysts predict that Rush Enterprises, Inc. will post 3.79 EPS for the current year.

Rush Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 12th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, May 12th. Rush Enterprises’s dividend payout ratio (DPR) is presently 22.96%.

Insider Activity

In other Rush Enterprises news, Director Michael Mcroberts sold 8,000 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $72.23, for a total value of $577,840.00. Following the transaction, the director directly owned 16,229 shares of the company’s stock, valued at approximately $1,172,220.67. This trade represents a 33.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Raymond Joseph Chess sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $65.05, for a total value of $650,500.00. Following the completion of the transaction, the director directly owned 41,170 shares in the company, valued at $2,678,108.50. The trade was a 19.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 12.68% of the company’s stock.

About Rush Enterprises

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.