Zebra Capital Management LLC boosted its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 12.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,278 shares of the company’s stock after acquiring an additional 1,508 shares during the period. Zebra Capital Management LLC’s holdings in Rush Enterprises were worth $485,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Muhlenkamp & Co. Inc. purchased a new stake in shares of Rush Enterprises in the first quarter valued at about $10,448,000. JPMorgan Chase & Co. raised its holdings in shares of Rush Enterprises by 10.0% in the first quarter. JPMorgan Chase & Co. now owns 1,616,751 shares of the company’s stock valued at $67,596,000 after buying an additional 147,225 shares during the last quarter. AJO LP purchased a new stake in shares of Rush Enterprises in the first quarter valued at about $4,726,000. Renaissance Technologies LLC raised its holdings in shares of Rush Enterprises by 9.8% in the second quarter. Renaissance Technologies LLC now owns 916,778 shares of the company’s stock valued at $33,481,000 after buying an additional 81,700 shares during the last quarter. Finally, Cortina Asset Management LLC raised its holdings in shares of Rush Enterprises by 67.5% in the second quarter. Cortina Asset Management LLC now owns 167,693 shares of the company’s stock valued at $6,124,000 after buying an additional 67,588 shares during the last quarter. 74.34% of the stock is owned by hedge funds and other institutional investors.
Shares of Rush Enterprises stock traded down $0.76 on Thursday, reaching $39.44. 4,625 shares of the stock were exchanged, compared to its average volume of 186,125. Rush Enterprises, Inc. has a 1-year low of $31.53 and a 1-year high of $45.99. The company has a current ratio of 1.11, a quick ratio of 0.22 and a debt-to-equity ratio of 0.50. The business has a fifty day moving average price of $37.94 and a two-hundred day moving average price of $38.79. The firm has a market capitalization of $1.49 billion, a PE ratio of 10.24, a PEG ratio of 0.68 and a beta of 1.35.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.32%. This is a positive change from Rush Enterprises’s previous quarterly dividend of $0.12. The ex-dividend date was Thursday, August 8th. Rush Enterprises’s payout ratio is 13.51%.
RUSHA has been the subject of a number of research reports. Zacks Investment Research raised shares of Rush Enterprises from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a report on Thursday, June 6th. BidaskClub raised shares of Rush Enterprises from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Finally, ValuEngine raised shares of Rush Enterprises from a “strong sell” rating to a “sell” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $43.00.
Rush Enterprises Profile
Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States. 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, Mitsubishi Fuso, IC Bus, or Blue Bird; provides new and used commercial vehicles, and aftermarket parts, as well as service and repair, financing, and leasing and rental services; and offers property and casualty insurance, including collision and liability insurance on commercial vehicles, cargo insurance, and credit life insurance to its commercial vehicle customers.
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