Vaughan Nelson Investment Management L.P. Acquires 138,488 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Vaughan Nelson Investment Management L.P. boosted its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 13.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,186,393 shares of the company's stock after acquiring an additional 138,488 shares during the period. Vaughan Nelson Investment Management L.P. owned 1.51% of Rush Enterprises worth $62,677,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Edgestream Partners L.P. boosted its holdings in shares of Rush Enterprises by 678.7% in the 2nd quarter. Edgestream Partners L.P. now owns 130,602 shares of the company's stock valued at $5,468,000 after purchasing an additional 113,831 shares in the last quarter. Cooke & Bieler LP lifted its stake in Rush Enterprises by 10.1% in the 2nd quarter. Cooke & Bieler LP now owns 1,092,709 shares of the company's stock valued at $45,752,000 after purchasing an additional 100,318 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of Rush Enterprises during the second quarter valued at about $41,000. Castleark Management LLC bought a new stake in shares of Rush Enterprises in the first quarter worth $4,637,000. Finally, Denali Advisors LLC lifted its stake in shares of Rush Enterprises by 42.9% in the second quarter. Denali Advisors LLC now owns 148,785 shares of the company's stock worth $6,230,000 after acquiring an additional 44,700 shares during the period. Institutional investors and hedge funds own 84.43% of the company's stock.

Rush Enterprises Stock Down 1.0 %

Shares of Rush Enterprises stock traded down $0.60 on Friday, hitting $60.66. The company had a trading volume of 369,609 shares, compared to its average volume of 496,654. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 16.09, a P/E/G ratio of 2.29 and a beta of 0.99. 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, Inc. has a 1 year low of $38.10 and a 1 year high of $65.15. The stock has a 50 day moving average of $54.04 and a 200-day moving average of $49.26.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.95 by $0.02. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.84 billion. Rush Enterprises had a net margin of 3.93% and a return on equity of 15.43%. The company's revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter last year, the business posted $0.96 EPS. As a group, sell-side analysts forecast that Rush Enterprises, Inc. will post 3.45 earnings per share for the current year.

Rush Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.19%. The ex-dividend date is Tuesday, November 12th. Rush Enterprises's dividend payout ratio (DPR) is 19.10%.

Insider Buying and Selling

In other news, SVP Jason Wilder sold 4,500 shares of the company's stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $51.68, for a total value of $232,560.00. Following the transaction, the senior vice president now owns 534 shares of the company's stock, valued at approximately $27,597.12. This represents a 89.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William M. Rusty Rush sold 40,000 shares of the company's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $53.81, for a total value of $2,152,400.00. Following the completion of the transaction, the chief executive officer now owns 174,154 shares in the company, valued at $9,371,226.74. This represents a 18.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 220,500 shares of company stock valued at $13,552,133. 12.53% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Stephens upped their price target on shares of Rush Enterprises from $66.00 to $69.00 and gave the company an "overweight" rating in a research report on Friday, November 1st.

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.