Rush Enterprises, Inc. (NASDAQ:RUSHA) Holdings Raised by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 6.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 97,893 shares of the company's stock after buying an additional 6,210 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.12% of Rush Enterprises worth $5,427,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Rush Enterprises during the 4th quarter worth approximately $10,628,000. Norges Bank acquired a new stake in Rush Enterprises in the fourth quarter worth $10,127,000. Raymond James Financial Inc. bought a new stake in Rush Enterprises in the fourth quarter valued at $9,822,000. Millennium Management LLC boosted its holdings in shares of Rush Enterprises by 116.5% during the fourth quarter. Millennium Management LLC now owns 299,038 shares of the company's stock valued at $16,384,000 after acquiring an additional 160,922 shares during the period. Finally, Segall Bryant & Hamill LLC grew its position in shares of Rush Enterprises by 35.0% during the fourth quarter. Segall Bryant & Hamill LLC now owns 468,855 shares of the company's stock worth $25,689,000 after acquiring an additional 121,577 shares during the last quarter. Institutional investors own 84.43% of the company's stock.

Rush Enterprises Price Performance

RUSHA traded down $1.21 on Monday, reaching $53.33. The company had a trading volume of 431,950 shares, compared to its average volume of 401,402. Rush Enterprises, Inc. has a one year low of $41.10 and a one year high of $65.43. The company has a market capitalization of $4.15 billion, a P/E ratio of 14.90, a PEG ratio of 1.54 and a beta of 0.88. The company has a fifty day moving average of $50.62 and a 200-day moving average of $54.06. The company has a current ratio of 1.44, a quick ratio of 0.32 and a debt-to-equity ratio of 0.22.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. Rush Enterprises had a return on equity of 13.82% and a net margin of 3.76%. The company had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $1.86 billion. As a group, equities research analysts anticipate that Rush Enterprises, Inc. will post 3.91 earnings per share for the current year.

Rush Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Monday, May 12th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Monday, May 12th. Rush Enterprises's payout ratio is 20.11%.

Insiders Place Their Bets

In other news, SVP Michael L. Goldstone sold 4,500 shares of Rush Enterprises stock in a transaction on Friday, May 16th. The stock was sold at an average price of $52.10, for a total transaction of $234,450.00. Following the transaction, the senior vice president owned 12,510 shares in the company, valued at approximately $651,771. The trade was a 26.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Jason Wilder sold 748 shares of the company's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $56.08, for a total value of $41,947.84. Following the transaction, the chief operating officer directly owned 84,672 shares in the company, valued at $4,748,405.76. The trade was a 0.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,731 shares of company stock valued at $303,634 in the last quarter. Insiders own 12.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Rush Enterprises from a "hold" rating to a "buy" rating in a research report on Saturday. Stephens decreased their price objective on Rush Enterprises from $63.00 to $61.00 and set an "overweight" rating for the company in a report on Friday, May 2nd.

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.