ClariVest Asset Management LLC Sells 349 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

ClariVest Asset Management LLC reduced its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 0.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 37,880 shares of the company’s stock after selling 349 shares during the quarter. ClariVest Asset Management LLC’s holdings in Rush Enterprises were worth $2,027,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. GAMMA Investing LLC boosted its position in shares of Rush Enterprises by 352.2% during the first quarter. GAMMA Investing LLC now owns 520 shares of the company’s stock valued at $28,000 after buying an additional 405 shares during the last quarter. Hexagon Capital Partners LLC boosted its holdings in shares of Rush Enterprises by 70.3% during the 1st quarter. Hexagon Capital Partners LLC now owns 695 shares of the company’s stock valued at $37,000 after acquiring an additional 287 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Rush Enterprises during the 4th quarter valued at about $43,000. Future Financial Wealth Managment LLC bought a new stake in shares of Rush Enterprises in the first quarter worth approximately $54,000. Finally, Clear Street Markets LLC purchased a new position in shares of Rush Enterprises during the fourth quarter valued at approximately $100,000. 84.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Stephens started coverage on shares of Rush Enterprises in a research report on Monday, July 8th. They issued an “overweight” rating for the company.

Rush Enterprises Stock Performance

Rush Enterprises stock traded up $0.82 during mid-day trading on Friday, reaching $45.20. 233,306 shares of the stock traded hands, compared to its average volume of 270,350. Rush Enterprises, Inc. has a 12-month low of $34.68 and a 12-month high of $53.78. The business’s 50-day moving average is $43.70 and its 200-day moving average is $46.35. The stock has a market capitalization of $3.55 billion, a PE ratio of 11.42, a price-to-earnings-growth ratio of 2.06 and a beta of 1.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.43 and a quick ratio of 0.28.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.08. The firm had revenue of $1.87 billion for the quarter. Rush Enterprises had a return on equity of 17.16% and a net margin of 4.16%. During the same period in the previous year, the firm earned $1.07 earnings per share. As a group, sell-side analysts predict that Rush Enterprises, Inc. will post 3 EPS for the current fiscal year.

Rush Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Thursday, May 9th were paid a $0.17 dividend. The ex-dividend date was Wednesday, May 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.50%. Rush Enterprises’s dividend payout ratio (DPR) is presently 17.19%.

Insider Activity

In other Rush Enterprises news, SVP Jason Wilder sold 11,250 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $46.23, for a total transaction of $520,087.50. Following the sale, the senior vice president now directly owns 534 shares of the company’s stock, valued at $24,686.82. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 12.53% of the company’s stock.

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.