Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 6.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,339,548 shares of the company's stock after selling 307,807 shares during the period. Dimensional Fund Advisors LP owned about 5.49% of Rush Enterprises worth $237,763,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake in shares of Rush Enterprises by 475.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 851 shares of the company's stock valued at $46,000 after acquiring an additional 703 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Rush Enterprises by 24.4% during the fourth quarter. GAMMA Investing LLC now owns 979 shares of the company's stock worth $54,000 after buying an additional 192 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Rush Enterprises in the third quarter valued at approximately $64,000. PNC Financial Services Group Inc. lifted its stake 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 valued at $79,000 after buying an additional 596 shares during the period. Finally, Sterling Capital Management LLC grew its stake in Rush Enterprises by 833.8% in the 4th quarter. Sterling Capital Management LLC now owns 1,961 shares of the company's stock worth $107,000 after acquiring an additional 1,751 shares during the period. 84.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Rush Enterprises

In other news, SVP Jody Pollard sold 11,250 shares of Rush Enterprises 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 sale, the senior vice president now owns 3,117 shares in the company, valued at $175,892.31. This trade represents a 78.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Mcroberts sold 4,000 shares of the business's stock in a transaction 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. 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 corporate insiders.

Wall Street Analysts Forecast Growth

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

Rush Enterprises Price Performance

RUSHA opened at $49.77 on Tuesday. Rush Enterprises, Inc. has a 1 year low of $40.99 and a 1 year high of $65.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.45. The company's 50 day simple moving average is $54.67 and its 200 day simple moving average is $56.81. The stock has a market capitalization of $3.94 billion, a PE ratio of 13.34, a P/E/G ratio of 1.04 and a beta of 0.96.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last released its quarterly earnings data 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 return on equity of 14.76% and a net margin of 3.90%. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.86 billion. As a group, sell-side analysts expect that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 3rd were issued a $0.18 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.72 annualized dividend and a yield of 1.45%. Rush Enterprises's payout ratio is 19.30%.

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.

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