Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 14.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 716,741 shares of the company's stock after buying an additional 90,537 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.91% of Rush Enterprises worth $37,865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Rush Enterprises by 2.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 97,444 shares of the company's stock valued at $5,216,000 after purchasing an additional 1,996 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of Rush Enterprises in the first quarter valued at about $214,000. Harbor Capital Advisors Inc. grew its holdings in Rush Enterprises by 499.1% during the second quarter. Harbor Capital Advisors Inc. now owns 14,138 shares of the company's stock worth $592,000 after acquiring an additional 11,778 shares during the period. Hexagon Capital Partners LLC grew its holdings in Rush Enterprises by 41.3% during the second quarter. Hexagon Capital Partners LLC now owns 982 shares of the company's stock worth $41,000 after acquiring an additional 287 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Rush Enterprises by 21.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 9,743 shares of the company's stock worth $408,000 after acquiring an additional 1,746 shares during the period. 84.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Rush Enterprises

In other news, CEO William M. Rusty Rush sold 117,500 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $63.98, for a total transaction of $7,517,650.00. Following the completion of the sale, the chief executive officer now directly owns 174,154 shares in the company, valued at $11,142,372.92. This trade represents a 40.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steven L. Keller sold 43,875 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $63.68, for a total value of $2,793,960.00. Following the sale, the chief financial officer now owns 83,365 shares of the company's stock, valued at $5,308,683.20. This represents a 34.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 176,000 shares of company stock worth $11,167,173 in the last ninety days. Insiders own 12.53% of the company's stock.

Analyst Ratings Changes

Separately, Stephens increased their price target on Rush Enterprises from $66.00 to $69.00 and gave the company an "overweight" rating in a report on Friday, November 1st.

Rush Enterprises Stock Performance

NASDAQ RUSHA traded down $0.73 on Tuesday, hitting $61.28. 550,794 shares of the company's stock were exchanged, compared to its average volume of 361,728. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.28. The firm's 50-day moving average price is $56.31 and its two-hundred day moving average price is $50.50. Rush Enterprises, Inc. has a fifty-two week low of $40.03 and a fifty-two week high of $65.15. The firm has a market cap of $4.84 billion, a price-to-earnings ratio of 16.30, a P/E/G ratio of 2.34 and a beta of 1.00.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.02. Rush Enterprises had a return on equity of 15.43% and a net margin of 3.93%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the company posted $0.96 EPS. The business's revenue for the quarter was down 4.3% compared to the same quarter last year. On average, research analysts expect that Rush Enterprises, Inc. will post 3.45 EPS for the current year.

Rush Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.18 per share. The ex-dividend date is Tuesday, November 12th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.17%. Rush Enterprises's payout ratio is 19.10%.

Rush Enterprises 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.