Rush Enterprises, Inc. (NASDAQ:RUSHA) Holdings Boosted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 742,995 shares of the company's stock after buying an additional 26,254 shares during the period. Charles Schwab Investment Management Inc. owned 0.94% of Rush Enterprises worth $40,709,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in RUSHA. Smartleaf Asset Management LLC raised its position in shares of Rush Enterprises by 475.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 851 shares of the company's stock valued at $46,000 after buying an additional 703 shares in the last quarter. GAMMA Investing LLC boosted its stake in Rush Enterprises by 24.4% in the fourth quarter. GAMMA Investing LLC now owns 979 shares of the company's stock valued at $54,000 after buying an additional 192 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Rush Enterprises in the third quarter valued at about $64,000. Quarry LP increased its position in Rush Enterprises by 86.0% during the 3rd quarter. Quarry LP now owns 1,605 shares of the company's stock worth $85,000 after purchasing an additional 742 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Rush Enterprises in the third quarter valued at approximately $137,000. Institutional investors and hedge funds own 84.43% of the company's stock.

Insider Buying and Selling

In other Rush Enterprises news, SVP Jody Pollard sold 11,250 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $56.43, for a total transaction of $634,837.50. Following the completion of the transaction, the senior vice president now directly owns 3,117 shares of the company's stock, valued at $175,892.31. This trade represents a 78.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Mcroberts sold 4,000 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $58.52, for a total transaction of $234,080.00. Following the transaction, the director now directly owns 15,771 shares in the company, valued at $922,918.92. The trade was a 20.23 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.53% of the company's stock.

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Analyst Upgrades and Downgrades

Separately, Stephens reiterated an "overweight" rating and issued a $69.00 price target on shares of Rush Enterprises in a research note on Wednesday, February 19th.

Rush Enterprises Stock Up 4.6 %

Shares of NASDAQ RUSHA traded up $2.41 during trading on Wednesday, hitting $55.31. 245,859 shares of the company traded hands, compared to its average volume of 318,498. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.45. The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of 14.81, a P/E/G ratio of 1.04 and a beta of 1.06. Rush Enterprises, Inc. has a fifty-two week low of $40.99 and a fifty-two week high of $65.43. The business's fifty day moving average is $58.09 and its 200 day moving average is $56.49.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.09. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. The firm had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $1.86 billion. Equities research analysts predict that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 3rd were issued a $0.18 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.72 dividend on an annualized basis and a yield of 1.30%. Rush Enterprises's payout ratio is currently 19.30%.

About Rush Enterprises

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.