William Blair Investment Management LLC Sells 142,341 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

William Blair Investment Management LLC reduced its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 18.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 627,268 shares of the company's stock after selling 142,341 shares during the period. William Blair Investment Management LLC owned about 0.79% of Rush Enterprises worth $34,368,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in RUSHA. Cibc World Markets Corp acquired a new stake in Rush Enterprises in the 4th quarter valued at about $312,000. Natixis Advisors LLC increased its position in Rush Enterprises by 4.9% in the 4th quarter. Natixis Advisors LLC now owns 247,586 shares of the company's stock valued at $13,566,000 after acquiring an additional 11,658 shares in the last quarter. 12th Street Asset Management Company LLC increased its position in Rush Enterprises by 10.9% in the 4th quarter. 12th Street Asset Management Company LLC now owns 412,558 shares of the company's stock valued at $22,604,000 after acquiring an additional 40,479 shares in the last quarter. Commonwealth Equity Services LLC increased its position in Rush Enterprises by 1.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 11,183 shares of the company's stock valued at $613,000 after acquiring an additional 186 shares in the last quarter. Finally, Vestcor Inc acquired a new stake in Rush Enterprises in the 4th quarter valued at about $251,000. 84.43% of the stock is owned by institutional investors.

Rush Enterprises Trading Down 1.1 %

Shares of NASDAQ:RUSHA traded down $0.59 during trading on Friday, hitting $53.43. 829,909 shares of the company's stock were exchanged, compared to its average volume of 321,119. Rush Enterprises, Inc. has a 1-year low of $40.99 and a 1-year high of $65.43. The firm has a 50-day moving average price of $58.02 and a two-hundred day moving average price of $56.46. 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 firm has a market cap of $4.23 billion, a P/E ratio of 14.32, a PEG ratio of 1.04 and a beta of 1.06.

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Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last issued 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 company had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $1.86 billion. Equities analysts predict that Rush Enterprises, Inc. will post 3.91 earnings per share for the current year.

Rush Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Monday, March 3rd. Rush Enterprises's dividend payout ratio is 19.30%.

Insider Transactions at Rush Enterprises

In related news, Director Michael Mcroberts sold 4,000 shares of the business'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 transaction of $234,080.00. Following the completion of the transaction, the director now owns 15,771 shares in the company, valued at approximately $922,918.92. The trade was a 20.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jody Pollard sold 11,250 shares of Rush Enterprises stock in a transaction that occurred on Tuesday, February 25th. The shares were 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 in the company, valued at approximately $175,892.31. The trade was a 78.30 % decrease in their position. The disclosure for this sale can be found here. 12.53% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Stephens restated an "overweight" rating and issued a $69.00 price objective on shares of Rush Enterprises in a research report 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.