Great Lakes Advisors LLC Trims Position in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Great Lakes Advisors LLC lessened its position in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 9.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 71,162 shares of the company's stock after selling 7,041 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.09% of Rush Enterprises worth $3,899,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of RUSHA. GAMMA Investing LLC grew its stake 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 in the last quarter. Louisiana State Employees Retirement System grew its stake in Rush Enterprises by 0.7% during the 4th quarter. Louisiana State Employees Retirement System now owns 30,100 shares of the company's stock worth $1,649,000 after purchasing an additional 200 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in 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 in the last quarter. QRG Capital Management Inc. increased its holdings in Rush Enterprises by 4.3% during the 4th quarter. QRG Capital Management Inc. now owns 14,142 shares of the company's stock worth $775,000 after purchasing an additional 578 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in Rush Enterprises by 71.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,435 shares of the company's stock valued at $79,000 after purchasing an additional 596 shares in the last quarter. Institutional investors and hedge funds own 84.43% of the company's stock.

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Rush Enterprises Stock Up 3.1 %

Shares of NASDAQ:RUSHA traded up $1.64 during trading hours on Wednesday, reaching $54.54. The stock had a trading volume of 473,772 shares, compared to its average volume of 320,503. Rush Enterprises, Inc. has a 1 year low of $40.99 and a 1 year high of $65.43. The firm's 50 day moving average is $58.09 and its 200-day moving average is $56.49. 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 stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of 14.62, a P/E/G ratio of 1.04 and a beta of 1.06.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.09. Rush Enterprises had a net margin of 3.90% and a return on equity of 14.76%. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.86 billion. 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 given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Monday, March 3rd. Rush Enterprises's dividend payout ratio is presently 19.30%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Rush Enterprises

In related news, Director Michael Mcroberts sold 4,000 shares of the stock in a transaction on Thursday, February 20th. The shares were 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. This trade represents a 20.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Jody Pollard sold 11,250 shares of the 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 in the company, valued at $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. Insiders own 12.53% of the company's stock.

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.