Rush Enterprises, Inc. (NASDAQ:RUSHA) Holdings Raised by Bridges Investment Management Inc.

Bridges Investment Management Inc. lifted its position in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 111.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,749 shares of the company's stock after buying an additional 18,831 shares during the period. Bridges Investment Management Inc.'s holdings in Rush Enterprises were worth $1,909,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its holdings in shares of Rush Enterprises by 475.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 851 shares of the company's stock valued at $46,000 after purchasing an additional 703 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Rush Enterprises by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 742,995 shares of the company's stock worth $40,709,000 after buying an additional 26,254 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Rush Enterprises by 4.5% during the fourth quarter. Victory Capital Management Inc. now owns 128,460 shares of the company's stock worth $7,038,000 after buying an additional 5,581 shares in the last quarter. Atria Investments Inc grew its holdings in shares of Rush Enterprises by 23.1% during the fourth quarter. Atria Investments Inc now owns 20,574 shares of the company's stock worth $1,127,000 after buying an additional 3,856 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Rush Enterprises during the fourth quarter worth $9,822,000. Hedge funds and other institutional investors own 84.43% of the company's stock.

Rush Enterprises Stock Down 1.8%

Rush Enterprises stock traded down $0.97 during mid-day trading on Friday, hitting $53.13. The company had a trading volume of 168,715 shares, compared to its average volume of 401,517. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 1.52 and a beta of 0.88. Rush Enterprises, Inc. has a 1 year low of $42.58 and a 1 year high of $65.43. The business has a fifty day moving average of $50.84 and a 200 day moving average of $54.04. The company has a quick ratio of 0.32, a current ratio of 1.44 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 for the quarter, topping 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 firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.86 billion. On average, sell-side analysts expect that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Monday, May 12th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Monday, May 12th. Rush Enterprises's dividend payout ratio is presently 20.11%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on RUSHA shares. Wall Street Zen raised shares of Rush Enterprises from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Stephens lowered their price target on shares of Rush Enterprises from $63.00 to $61.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd.

Insider Transactions at Rush Enterprises

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

About Rush Enterprises

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.