Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Sold by Invesco Ltd.

Invesco Ltd. lowered its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 595,524 shares of the company's stock after selling 37,900 shares during the quarter. Invesco Ltd. owned approximately 0.75% of Rush Enterprises worth $32,629,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its position in shares of Rush Enterprises by 475.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 851 shares of the company's stock worth $46,000 after buying an additional 703 shares during the period. GAMMA Investing LLC raised its holdings in shares of Rush Enterprises by 24.4% in the 4th quarter. GAMMA Investing LLC now owns 979 shares of the company's stock worth $54,000 after purchasing an additional 192 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Rush Enterprises in the 3rd quarter valued at about $64,000. PNC Financial Services Group Inc. lifted its stake in shares of 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. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Rush Enterprises during the 4th quarter worth about $179,000. 84.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Rush Enterprises

In related news, Director Michael Mcroberts sold 4,000 shares of the business's stock in a transaction that occurred 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. The trade was a 20.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jody Pollard sold 11,250 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $56.43, for a total value of $634,837.50. Following the completion of the sale, the senior vice president now directly owns 3,117 shares in the company, valued at $175,892.31. This 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.

Wall Street Analyst Weigh In

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

Rush Enterprises Stock Up 2.4 %

RUSHA stock traded up $1.25 during trading on Wednesday, reaching $52.67. The stock had a trading volume of 36,125 shares, compared to its average volume of 365,059. Rush Enterprises, Inc. has a 1-year low of $40.99 and a 1-year high of $65.43. The company has a market capitalization of $4.17 billion, a P/E ratio of 14.12, 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. The firm has a fifty day moving average price of $54.50 and a 200 day moving average price of $56.77.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last issued its quarterly earnings results 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 return on equity of 14.76% and a net margin of 3.90%. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.86 billion. On average, equities analysts anticipate that Rush Enterprises, Inc. will post 3.91 earnings per share for the current year.

Rush Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd were given a dividend of $0.18 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.72 annualized dividend and a dividend yield of 1.37%. Rush Enterprises's payout ratio is 19.30%.

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.