Segall Bryant & Hamill LLC Raises Stock Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Segall Bryant & Hamill LLC lifted its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 35.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 468,855 shares of the company's stock after purchasing an additional 121,577 shares during the period. Segall Bryant & Hamill LLC owned 0.59% of Rush Enterprises worth $25,689,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Smartleaf Asset Management LLC increased its position in Rush Enterprises by 475.0% during the fourth 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 last quarter. GAMMA Investing LLC boosted its position in shares of Rush Enterprises by 24.4% in the fourth quarter. GAMMA Investing LLC now owns 979 shares of the company's stock valued at $54,000 after acquiring an additional 192 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Rush Enterprises during the third quarter worth about $64,000. PNC Financial Services Group Inc. increased its holdings in shares of Rush Enterprises by 71.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,435 shares of the company's stock worth $79,000 after purchasing an additional 596 shares during the period. Finally, Quarry LP boosted its stake in shares of Rush Enterprises by 86.0% in the third quarter. Quarry LP now owns 1,605 shares of the company's stock valued at $85,000 after buying an additional 742 shares during the period. Institutional investors and hedge funds own 84.43% of the company's stock.

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Wall Street Analyst Weigh In

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

Insider Activity at Rush Enterprises

In related news, SVP Jody Pollard sold 11,250 shares of Rush Enterprises stock in a transaction on Tuesday, February 25th. The shares were 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 owns 3,117 shares of the company's stock, valued at approximately $175,892.31. This trade represents a 78.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael Mcroberts sold 4,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $58.52, for a total value of $234,080.00. Following the completion of the sale, the director now directly owns 15,771 shares of the company's stock, valued at approximately $922,918.92. This trade represents a 20.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.53% of the stock is owned by insiders.

Rush Enterprises Price Performance

Rush Enterprises stock traded down $1.66 during trading hours on Friday, reaching $53.57. 276,968 shares of the stock were exchanged, compared to its average volume of 342,110. 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 company has a market cap of $4.25 billion, a P/E ratio of 14.36, a price-to-earnings-growth ratio of 1.04 and a beta of 1.06. The stock has a 50 day moving average of $57.66 and a two-hundred day moving average of $56.73. Rush Enterprises, Inc. has a twelve month low of $40.99 and a twelve month high of $65.43.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.09. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.86 billion. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. Equities analysts expect that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 3rd were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Monday, March 3rd. Rush Enterprises's dividend 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.