Barclays PLC Increases Stake in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Barclays PLC grew its position in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 217.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,759 shares of the company's stock after purchasing an additional 78,616 shares during the quarter. Barclays PLC owned approximately 0.15% of Rush Enterprises worth $6,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC raised its stake in Rush Enterprises by 34.8% during the 3rd quarter. FMR LLC now owns 5,174,262 shares of the company's stock valued at $273,356,000 after purchasing an additional 1,336,528 shares during the period. State Street Corp raised its position in shares of Rush Enterprises by 0.7% during the third quarter. State Street Corp now owns 2,349,597 shares of the company's stock valued at $124,129,000 after buying an additional 16,082 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Rush Enterprises by 13.2% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,186,393 shares of the company's stock worth $62,677,000 after buying an additional 138,488 shares in the last quarter. Cooke & Bieler LP boosted its position in shares of Rush Enterprises by 10.1% during the second quarter. Cooke & Bieler LP now owns 1,092,709 shares of the company's stock worth $45,752,000 after acquiring an additional 100,318 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. boosted its position in shares of Rush Enterprises by 1.9% during the third quarter. Global Alpha Capital Management Ltd. now owns 773,990 shares of the company's stock worth $40,890,000 after acquiring an additional 14,600 shares during the last quarter. 84.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Rush Enterprises news, CFO Steven L. Keller sold 43,875 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $63.68, for a total transaction of $2,793,960.00. Following the completion of the transaction, the chief financial officer now owns 83,365 shares in the company, valued at $5,308,683.20. The trade was a 34.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO William M. Rusty Rush sold 117,500 shares of the company'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 transaction, the chief executive officer now directly owns 174,154 shares in the company, valued at approximately $11,142,372.92. This represents a 40.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 176,000 shares of company stock valued at $11,167,173 in the last ninety days. Insiders own 12.53% of the company's stock.

Rush Enterprises Price Performance

NASDAQ:RUSHA traded down $0.94 during trading hours on Friday, reaching $54.46. The stock had a trading volume of 851,747 shares, compared to its average volume of 360,457. The stock has a market capitalization of $4.30 billion, a PE ratio of 14.45, a PEG ratio of 2.14 and a beta of 1.00. Rush Enterprises, Inc. has a 52 week low of $40.99 and a 52 week high of $65.15. The company has a 50 day moving average price of $58.55 and a two-hundred day moving average price of $51.82. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.40.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.02. Rush Enterprises had a net margin of 3.93% and a return on equity of 15.43%. The company had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter in the previous year, the business posted $0.96 earnings per share. Rush Enterprises's quarterly revenue was down 4.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Rush Enterprises, Inc. will post 3.64 earnings per share for the current fiscal year.

Rush Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.72 dividend on an annualized basis and a yield of 1.32%. Rush Enterprises's dividend payout ratio (DPR) is presently 19.10%.

Wall Street Analyst Weigh In

Separately, Stephens boosted their price target 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.

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.