Chartwell Investment Partners LLC Sells 28,106 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Chartwell Investment Partners LLC decreased its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 13.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,954 shares of the company's stock after selling 28,106 shares during the quarter. Chartwell Investment Partners LLC owned approximately 0.23% of Rush Enterprises worth $9,401,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in RUSHA. UniSuper Management Pty Ltd acquired a new position in Rush Enterprises in the first quarter valued at about $612,000. Edgestream Partners L.P. bought a new position in Rush Enterprises during the 1st quarter worth about $898,000. Janney Montgomery Scott LLC acquired a new stake in shares of Rush Enterprises in the 1st quarter valued at about $625,000. Illinois Municipal Retirement Fund bought a new stake in shares of Rush Enterprises in the first quarter valued at about $1,913,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of Rush Enterprises by 89.6% during the first quarter. BNP Paribas Financial Markets now owns 33,557 shares of the company's stock worth $1,796,000 after buying an additional 15,856 shares in the last quarter. 84.43% of the stock is owned by institutional investors.

Rush Enterprises Trading Up 1.8 %

Shares of Rush Enterprises stock traded up $1.15 during trading on Monday, hitting $64.10. The company's stock had a trading volume of 240,158 shares, compared to its average volume of 358,333. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 2.38 and a beta of 0.99. The stock has a 50-day moving average price of $52.82 and a two-hundred day moving average price of $48.70. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.28. Rush Enterprises, Inc. has a 52 week low of $37.68 and a 52 week high of $65.15.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.95 by $0.02. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.84 billion. Rush Enterprises had a return on equity of 15.43% and a net margin of 3.93%. The firm's revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.96 EPS. 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 announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.72 annualized dividend and a dividend yield of 1.12%. Rush Enterprises's dividend payout ratio is currently 19.10%.

Insider Activity at Rush Enterprises

In other Rush Enterprises news, SVP Jason Wilder sold 4,500 shares of the firm's stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $51.68, for a total value of $232,560.00. Following the completion of the sale, the senior vice president now directly owns 534 shares of the company's stock, valued at $27,597.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO William M. Rusty Rush sold 117,500 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $63.98, for a total transaction of $7,517,650.00. Following the completion of the sale, the chief executive officer now directly owns 174,154 shares in the company, valued at $11,142,372.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Jason Wilder sold 4,500 shares of Rush Enterprises stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $51.68, for a total transaction of $232,560.00. Following the sale, the senior vice president now directly owns 534 shares in the company, valued at $27,597.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 220,500 shares of company stock valued at $13,552,133. 12.53% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Stephens lifted their target price on Rush Enterprises from $66.00 to $69.00 and gave the company an "overweight" rating in a research report on Friday, November 1st.

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.