Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,944,116 shares of the company's stock after selling 84,247 shares during the quarter. Vanguard Group Inc. owned 8.79% of Rush Enterprises worth $380,468,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its stake in Rush Enterprises by 475.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 851 shares of the company's stock valued at $46,000 after buying an additional 703 shares during the last quarter. GAMMA Investing LLC increased its position in Rush Enterprises by 24.4% during 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 last quarter. Wilmington Savings Fund Society FSB bought a new position in Rush Enterprises in the third quarter valued at about $64,000. PNC Financial Services Group Inc. boosted its position in Rush Enterprises by 71.0% in 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 last quarter. Finally, Quarry LP boosted its position in Rush Enterprises by 86.0% in the third quarter. Quarry LP now owns 1,605 shares of the company's stock worth $85,000 after purchasing an additional 742 shares during the last quarter. Institutional investors own 84.43% of the company's stock.

Remove Ads

Rush Enterprises Price Performance

Shares of Rush Enterprises stock traded down $0.36 during trading hours on Monday, hitting $50.00. The company's stock had a trading volume of 709,877 shares, compared to its average volume of 349,488. The business has a 50 day moving average price of $56.73 and a two-hundred day moving average price of $56.87. The company has a market cap of $3.96 billion, a PE ratio of 13.40, a PEG ratio of 1.04 and a beta of 0.96. Rush Enterprises, Inc. has a 12-month low of $40.99 and a 12-month 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.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last announced its quarterly earnings results 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 net margin of 3.90% and a return on equity of 14.76%. The business had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $1.86 billion. Analysts expect that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 3rd were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.72 dividend on an annualized basis and a yield of 1.44%. Rush Enterprises's dividend payout ratio (DPR) is presently 19.30%.

Wall Street Analyst Weigh In

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

Insider Activity

In other Rush Enterprises news, SVP Jody Pollard sold 11,250 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $56.43, for a total transaction of $634,837.50. Following the transaction, 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 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 value of $234,080.00. Following the completion of the transaction, the director now directly owns 15,771 shares of the company's stock, valued at approximately $922,918.92. The trade was a 20.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 12.53% of the company's stock.

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.