Dean Investment Associates LLC Boosts Stake in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Dean Investment Associates LLC grew its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 34.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,716 shares of the company's stock after purchasing an additional 13,128 shares during the quarter. Dean Investment Associates LLC owned approximately 0.06% of Rush Enterprises worth $2,779,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RUSHA. Geode Capital Management LLC lifted its holdings in Rush Enterprises by 1.1% in the third quarter. Geode Capital Management LLC now owns 1,616,048 shares of the company's stock worth $85,390,000 after acquiring an additional 16,803 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in Rush Enterprises by 3.1% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,222,719 shares of the company's stock valued at $66,993,000 after purchasing an additional 36,326 shares during the last quarter. Global Alpha Capital Management Ltd. boosted its holdings in Rush Enterprises by 2.0% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 789,190 shares of the company's stock worth $43,240,000 after purchasing an additional 15,200 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Rush Enterprises by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 742,995 shares of the company's stock worth $40,709,000 after purchasing an additional 26,254 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Rush Enterprises by 0.5% in the 4th quarter. Bank of New York Mellon Corp now owns 624,103 shares of the company's stock valued at $34,195,000 after acquiring an additional 3,386 shares in the last quarter. 84.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Rush Enterprises

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

Wall Street Analysts Forecast Growth

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

Rush Enterprises Stock Up 0.1 %

Shares of NASDAQ:RUSHA traded up $0.04 during trading on Wednesday, hitting $51.46. 74,936 shares of the company were exchanged, compared to its average volume of 365,228. Rush Enterprises, Inc. has a fifty-two week low of $40.99 and a fifty-two week high of $65.43. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 1.04 and a beta of 0.96. The firm has a fifty day moving average price of $54.50 and a two-hundred day moving average price of $56.77. The company has a current ratio of 1.45, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23.

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

Rush Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 3rd were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Monday, March 3rd. Rush Enterprises's dividend 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.