Epoch Investment Partners Inc. Purchases New Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Epoch Investment Partners Inc. acquired a new position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 7,518 shares of the company's stock, valued at approximately $412,000.

A number of other institutional investors and hedge funds have also made changes to their positions in RUSHA. Commonwealth Equity Services LLC lifted its holdings in shares of Rush Enterprises by 1.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 11,183 shares of the company's stock valued at $613,000 after purchasing an additional 186 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Rush Enterprises by 24.4% in the fourth quarter. GAMMA Investing LLC now owns 979 shares of the company's stock worth $54,000 after acquiring an additional 192 shares during the period. Louisiana State Employees Retirement System grew its holdings in Rush Enterprises by 0.7% in the fourth quarter. Louisiana State Employees Retirement System now owns 30,100 shares of the company's stock valued at $1,649,000 after purchasing an additional 200 shares during the period. Summit Investment Advisors Inc. increased its holdings in Rush Enterprises by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,365 shares of the company's stock worth $349,000 after acquiring an additional 202 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in shares of Rush Enterprises by 1.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 32,516 shares of the company's stock worth $1,782,000 after purchasing an additional 345 shares during 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 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 value of $634,837.50. Following the transaction, the senior vice president now owns 3,117 shares of the company's stock, valued at approximately $175,892.31. This trade represents a 78.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael Mcroberts sold 4,000 shares of the business's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $58.52, for a total transaction of $234,080.00. Following the completion of the transaction, the director now owns 15,771 shares in the company, valued at $922,918.92. This represents a 20.23 % decrease in their position. The disclosure for this sale can be found here. 12.53% of the stock is currently owned by corporate insiders.

Rush Enterprises Stock Down 0.8 %

NASDAQ:RUSHA traded down $0.42 during mid-day trading on Wednesday, hitting $51.00. The stock had a trading volume of 328,123 shares, compared to its average volume of 366,679. Rush Enterprises, Inc. has a twelve month low of $40.99 and a twelve month high of $65.43. The stock has a 50-day simple moving average of $54.31 and a two-hundred day simple moving average of $56.73. The company has a market capitalization of $4.04 billion, a PE ratio of 13.67, a PEG ratio of 1.04 and a beta of 0.96. 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 released its quarterly earnings results on Tuesday, February 18th. The company reported $0.91 EPS for the quarter, topping 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 company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.86 billion. On average, equities research analysts anticipate that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 3rd were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Monday, March 3rd. Rush Enterprises's dividend payout ratio (DPR) is 19.30%.

Analyst Upgrades and Downgrades

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

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.