Russell Investments Group Ltd. Sells 6,531 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Russell Investments Group Ltd. lessened its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 98,447 shares of the company's stock after selling 6,531 shares during the quarter. Russell Investments Group Ltd. owned about 0.12% of Rush Enterprises worth $5,394,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in RUSHA. Geode Capital Management LLC increased its position in shares of Rush Enterprises by 1.1% during the third 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 in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of Rush Enterprises by 3.1% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,222,719 shares of the company's stock worth $66,993,000 after purchasing an additional 36,326 shares during the last quarter. Global Alpha Capital Management Ltd. raised its stake in shares of Rush Enterprises by 2.0% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 789,190 shares of the company's stock worth $43,240,000 after purchasing an additional 15,200 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Rush Enterprises by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 742,995 shares of the company's stock valued at $40,709,000 after buying an additional 26,254 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Rush Enterprises by 0.5% during the fourth quarter. Bank of New York Mellon Corp now owns 624,103 shares of the company's stock valued at $34,195,000 after buying an additional 3,386 shares during the last quarter. 84.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Rush Enterprises

In other news, Director Michael Mcroberts sold 4,000 shares of the firm's stock in a transaction 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 sale, the director now directly owns 15,771 shares in the company, valued at $922,918.92. This trade represents a 20.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jody Pollard sold 11,250 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $56.43, for a total transaction of $634,837.50. Following the completion of the transaction, the senior vice president now directly owns 3,117 shares of the company's stock, valued at $175,892.31. This represents a 78.30 % decrease in their position. The disclosure for this sale can be found here. 12.53% of the stock is currently owned by company insiders.

Rush Enterprises Stock Performance

RUSHA stock traded up $0.38 on Friday, hitting $51.77. The company had a trading volume of 462,893 shares, compared to its average volume of 362,242. 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, Inc. has a 12-month low of $40.99 and a 12-month high of $65.43. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 13.88, a P/E/G ratio of 1.04 and a beta of 0.96. The stock's 50-day simple moving average is $54.85 and its 200 day simple moving average is $56.72.

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

Rush Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 3rd were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Monday, March 3rd. Rush Enterprises's payout ratio is 19.30%.

Analysts Set New Price Targets

Separately, Stephens restated an "overweight" rating and set a $69.00 target price 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.