Deutsche Bank AG Acquires 13,745 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Deutsche Bank AG raised its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 677,750 shares of the company's stock after purchasing an additional 13,745 shares during the quarter. Deutsche Bank AG owned 0.86% of Rush Enterprises worth $37,134,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in RUSHA. Commonwealth Equity Services LLC grew its holdings in Rush Enterprises by 1.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 11,183 shares of the company's stock worth $613,000 after purchasing an additional 186 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Rush Enterprises by 0.7% during the fourth quarter. Louisiana State Employees Retirement System now owns 30,100 shares of the company's stock valued at $1,649,000 after buying an additional 200 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in Rush Enterprises by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,365 shares of the company's stock worth $349,000 after buying an additional 202 shares in the last quarter. QRG Capital Management Inc. boosted its position in Rush Enterprises by 4.3% in the fourth quarter. QRG Capital Management Inc. now owns 14,142 shares of the company's stock valued at $775,000 after buying an additional 578 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Rush Enterprises by 71.0% during the 4th 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 in the last quarter. Institutional investors own 84.43% of the company's stock.

Insider Transactions at Rush Enterprises

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 shares were sold at an average price of $56.43, for a total value of $634,837.50. Following the completion of the sale, the senior vice president now owns 3,117 shares of the company's stock, valued at approximately $175,892.31. The trade was a 78.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Mcroberts sold 4,000 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was 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 directly owns 15,771 shares of the company's stock, valued at $922,918.92. This trade represents a 20.23% decrease in their position. The disclosure for this sale can be found here. Insiders own 12.28% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Stephens decreased their price target on shares of Rush Enterprises from $63.00 to $61.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd.

Rush Enterprises Stock Performance

Shares of NASDAQ RUSHA traded down $1.13 during midday trading on Monday, hitting $51.16. The company's stock had a trading volume of 51,729 shares, compared to its average volume of 379,406. Rush Enterprises, Inc. has a one year low of $40.99 and a one year high of $65.43. 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 price of $51.99 and a 200 day moving average price of $56.50. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 13.74, a P/E/G ratio of 1.04 and a beta of 0.94.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.01. The company had revenue of $1.85 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%. On average, research analysts forecast that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Monday, May 12th will be given a $0.18 dividend. The ex-dividend date is Monday, May 12th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.41%. Rush Enterprises's dividend payout ratio (DPR) is 20.11%.

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.