Rush Enterprises, Inc. (NASDAQ:RUSHA) Stock Position Lifted by Victory Capital Management Inc.

Victory Capital Management Inc. grew its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,460 shares of the company's stock after acquiring an additional 5,581 shares during the quarter. Victory Capital Management Inc. owned about 0.16% of Rush Enterprises worth $7,038,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in RUSHA. FMR LLC lifted its position in Rush Enterprises by 34.8% during the third quarter. FMR LLC now owns 5,174,262 shares of the company's stock worth $273,356,000 after buying an additional 1,336,528 shares during the period. Jennison Associates LLC lifted its position in Rush Enterprises by 1,398.4% during the fourth quarter. Jennison Associates LLC now owns 509,380 shares of the company's stock worth $27,909,000 after buying an additional 475,384 shares during the period. Proficio Capital Partners LLC lifted its position in Rush Enterprises by 5,379.0% during the fourth quarter. Proficio Capital Partners LLC now owns 334,822 shares of the company's stock worth $18,345,000 after buying an additional 328,711 shares during the period. Janus Henderson Group PLC lifted its position in Rush Enterprises by 148.1% during the third quarter. Janus Henderson Group PLC now owns 308,204 shares of the company's stock worth $16,282,000 after buying an additional 183,965 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its position in Rush Enterprises by 13.2% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,186,393 shares of the company's stock worth $62,677,000 after buying an additional 138,488 shares during the period. 84.43% of the stock is currently owned by hedge funds and other institutional investors.

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Rush Enterprises Trading Down 1.9 %

NASDAQ:RUSHA traded down $1.05 on Tuesday, hitting $52.90. 456,195 shares of the stock were exchanged, compared to its average volume of 319,197. The stock has a market cap of $4.19 billion, a PE ratio of 14.18, a PEG ratio of 1.04 and a beta of 1.06. 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 stock has a fifty day moving average of $58.15 and a 200-day moving average of $56.49. Rush Enterprises, Inc. has a fifty-two week low of $40.99 and a fifty-two week high of $65.43.

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. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.86 billion. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. As a group, equities analysts expect that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd will be paid a $0.18 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.36%. Rush Enterprises's dividend payout ratio (DPR) is currently 19.30%.

Insider Activity

In other Rush Enterprises news, SVP Jody Pollard sold 11,250 shares of the firm's stock in a transaction that occurred 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Mcroberts sold 4,000 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $58.52, for a total value of $234,080.00. Following the sale, the director now owns 15,771 shares of the company's stock, valued at approximately $922,918.92. This trade represents a 20.23 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.53% of the company's stock.

Analysts Set New Price Targets

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

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.