Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Acquired by Fmr LLC

FMR LLC increased its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 34.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,174,262 shares of the company's stock after buying an additional 1,336,528 shares during the quarter. FMR LLC owned about 6.57% of Rush Enterprises worth $273,356,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of RUSHA. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Rush Enterprises by 13.2% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,186,393 shares of the company's stock valued at $62,677,000 after buying an additional 138,488 shares during the period. Cooke & Bieler LP raised its position in Rush Enterprises by 10.1% during the second quarter. Cooke & Bieler LP now owns 1,092,709 shares of the company's stock valued at $45,752,000 after acquiring an additional 100,318 shares in the last quarter. Global Alpha Capital Management Ltd. lifted its holdings in Rush Enterprises by 1.9% in the third quarter. Global Alpha Capital Management Ltd. now owns 773,990 shares of the company's stock valued at $40,890,000 after acquiring an additional 14,600 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Rush Enterprises by 14.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 716,741 shares of the company's stock worth $37,865,000 after purchasing an additional 90,537 shares in the last quarter. Finally, Segall Bryant & Hamill LLC boosted its position in Rush Enterprises by 21.0% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 347,278 shares of the company's stock worth $18,347,000 after purchasing an additional 60,201 shares in the last quarter. 84.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO William M. Rusty Rush sold 117,500 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $63.98, for a total value of $7,517,650.00. Following the sale, the chief executive officer now directly owns 174,154 shares of the company's stock, valued at approximately $11,142,372.92. The trade was a 40.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steven L. Keller sold 14,625 shares of the company's stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $58.50, for a total transaction of $855,562.50. Following the completion of the transaction, the chief financial officer now owns 83,365 shares in the company, valued at approximately $4,876,852.50. This represents a 14.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 176,000 shares of company stock valued at $11,167,173. 12.53% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

Rush Enterprises Price Performance

Shares of NASDAQ RUSHA traded up $0.32 during mid-day trading on Monday, reaching $62.27. The company's stock had a trading volume of 81,924 shares, compared to its average volume of 359,390. The stock has a 50-day moving average of $56.12 and a two-hundred day moving average of $50.39. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.40. The stock has a market capitalization of $4.92 billion, a P/E ratio of 16.43, a P/E/G ratio of 2.34 and a beta of 0.99. Rush Enterprises, Inc. has a 1-year low of $40.03 and a 1-year high of $65.15.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.97 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the business earned $0.96 earnings per share. The business's revenue was down 4.3% compared to the same quarter last year. On average, equities research analysts anticipate that Rush Enterprises, Inc. will post 3.45 EPS for the current fiscal year.

Rush Enterprises Announces Dividend

The company also recently declared 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 1.16%. Rush Enterprises's dividend payout ratio is currently 19.10%.

Rush Enterprises Company 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.