Rush Enterprises, Inc. (NASDAQ:RUSHA) Stock Position Lifted by Wells Fargo & Company MN

Wells Fargo & Company MN grew its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 25.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 37,112 shares of the company's stock after purchasing an additional 7,483 shares during the quarter. Wells Fargo & Company MN's holdings in Rush Enterprises were worth $2,033,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in RUSHA. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Rush Enterprises by 3.1% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,222,719 shares of the company's stock worth $66,993,000 after buying an additional 36,326 shares during the last quarter. Global Alpha Capital Management Ltd. increased its holdings in Rush Enterprises by 2.0% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 789,190 shares of the company's stock valued at $43,240,000 after purchasing an additional 15,200 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Rush Enterprises by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 742,995 shares of the company's stock valued at $40,709,000 after purchasing an additional 26,254 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Rush Enterprises by 0.5% in the 4th quarter. Bank of New York Mellon Corp now owns 624,103 shares of the company's stock valued at $34,195,000 after purchasing an additional 3,386 shares in the last quarter. Finally, Jennison Associates LLC increased its holdings in Rush Enterprises by 1,398.4% in the 4th quarter. Jennison Associates LLC now owns 509,380 shares of the company's stock valued at $27,909,000 after purchasing an additional 475,384 shares in the last quarter. Hedge funds and other institutional investors own 84.43% of the company's stock.

Insider Buying and Selling

In other Rush Enterprises news, SVP Jody Pollard sold 11,250 shares of Rush Enterprises stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $56.43, for a total value of $634,837.50. Following the completion of the transaction, the senior vice president now directly owns 3,117 shares in the company, valued at $175,892.31. The trade was a 78.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 completion of the sale, the director now owns 15,771 shares in the company, valued at approximately $922,918.92. This represents a 20.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.28% of the company's stock.

Wall Street Analysts Forecast Growth

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

Rush Enterprises Stock Down 1.7 %

Shares of NASDAQ RUSHA traded down $0.88 during midday trading on Monday, reaching $50.60. 716,326 shares of the company's stock were exchanged, compared to its average volume of 367,102. Rush Enterprises, Inc. has a 52-week low of $40.99 and a 52-week high of $65.43. The stock has a market capitalization of $4.01 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 1.04 and a beta of 0.96. 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 business's fifty day moving average price is $53.73 and its two-hundred day moving average price is $56.83.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.09. The business had revenue of $2.01 billion for 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%. Analysts forecast that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 3rd were paid a $0.18 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.72 dividend on an annualized basis and a yield of 1.42%. Rush Enterprises's dividend payout ratio (DPR) is 19.30%.

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.