Principal Financial Group Inc. Raises Stake in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Principal Financial Group Inc. lifted its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 302,188 shares of the company's stock after purchasing an additional 10,589 shares during the period. Principal Financial Group Inc. owned 0.38% of Rush Enterprises worth $16,557,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. FMR LLC lifted its position in shares of Rush Enterprises by 34.8% in the 3rd quarter. FMR LLC now owns 5,174,262 shares of the company's stock worth $273,356,000 after purchasing an additional 1,336,528 shares during the period. State Street Corp lifted its position in Rush Enterprises by 0.7% during the 3rd quarter. State Street Corp now owns 2,349,597 shares of the company's stock valued at $124,129,000 after acquiring an additional 16,082 shares during the period. Geode Capital Management LLC lifted its position in Rush Enterprises by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,616,048 shares of the company's stock valued at $85,390,000 after acquiring an additional 16,803 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in Rush Enterprises by 3.1% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,222,719 shares of the company's stock valued at $66,993,000 after acquiring an additional 36,326 shares during the period. Finally, Global Alpha Capital Management Ltd. lifted its position in Rush Enterprises by 1.9% during the 3rd 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. 84.43% of the stock is owned by hedge funds and other institutional investors.

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Rush Enterprises Stock Up 0.6 %

NASDAQ:RUSHA traded up $0.32 on Friday, reaching $58.32. 395,924 shares of the stock traded hands, compared to its average volume of 311,513. The company's fifty day simple moving average is $58.19 and its 200 day simple moving average is $56.24. Rush Enterprises, Inc. has a 12 month low of $40.99 and a 12 month high of $65.43. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 1.04 and a beta of 1.02. 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 announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.91 EPS for the quarter, topping 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 firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.86 billion. Equities analysts predict that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Monday, March 3rd will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.72 annualized dividend and a yield of 1.23%. Rush Enterprises's dividend payout ratio (DPR) is 19.30%.

Insider Activity at Rush Enterprises

In related news, SVP Jody Pollard sold 11,250 shares of the business's stock in a transaction that occurred 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 sale, the senior vice president now directly owns 3,117 shares in the company, valued at approximately $175,892.31. The trade was a 78.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Mcroberts sold 4,000 shares of Rush Enterprises stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $58.52, for a total transaction of $234,080.00. Following the transaction, the director now directly 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 company insiders.

Analyst Ratings Changes

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

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.