Rush Enterprises, Inc. $RUSHA Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 1.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 750,974 shares of the company's stock after acquiring an additional 7,979 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.95% of Rush Enterprises worth $40,110,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its position in Rush Enterprises by 121.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the company's stock valued at $62,000 after acquiring an additional 616 shares in the last quarter. GAMMA Investing LLC lifted its position in Rush Enterprises by 29.4% in the 1st quarter. GAMMA Investing LLC now owns 1,267 shares of the company's stock valued at $68,000 after acquiring an additional 288 shares in the last quarter. Sterling Capital Management LLC lifted its position in Rush Enterprises by 833.8% in the 4th quarter. Sterling Capital Management LLC now owns 1,961 shares of the company's stock valued at $107,000 after acquiring an additional 1,751 shares in the last quarter. Two Sigma Investments LP bought a new position in Rush Enterprises in the 4th quarter valued at approximately $210,000. Finally, Cerity Partners LLC bought a new position in Rush Enterprises in the 1st quarter valued at approximately $207,000. 84.43% of the stock is owned by institutional investors.

Rush Enterprises Stock Up 5.2%

RUSHA stock traded up $2.9130 during trading on Friday, hitting $59.1530. 72,194 shares of the company's stock traded hands, compared to its average volume of 419,421. The firm has a market capitalization of $4.60 billion, a P/E ratio of 16.80, a PEG ratio of 1.59 and a beta of 0.85. The business has a fifty day simple moving average of $53.55 and a two-hundred day simple moving average of $53.42. The company has a quick ratio of 0.32, a current ratio of 1.39 and a debt-to-equity ratio of 0.23. Rush Enterprises, Inc. has a 1 year low of $46.30 and a 1 year high of $65.43.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.10. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. Rush Enterprises had a net margin of 3.73% and a return on equity of 13.29%. Sell-side analysts anticipate that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, August 12th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, August 12th. This is a positive change from Rush Enterprises's previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a dividend yield of 1.3%. Rush Enterprises's payout ratio is currently 21.65%.

Insider Activity

In other Rush Enterprises news, Director Michael Mcroberts sold 6,000 shares of Rush Enterprises stock in a transaction on Monday, August 4th. The shares were sold at an average price of $54.64, for a total value of $327,840.00. Following the transaction, the director directly owned 15,771 shares of the company's stock, valued at approximately $861,727.44. The trade was a 27.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jason Wilder sold 4,980 shares of Rush Enterprises stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $55.55, for a total transaction of $276,639.00. Following the completion of the transaction, the chief operating officer directly owned 79,692 shares in the company, valued at $4,426,890.60. This represents a 5.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 12.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Stephens reiterated an "overweight" rating on shares of Rush Enterprises in a research note on Monday, August 4th. Wall Street Zen downgraded shares of Rush Enterprises from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $61.00.

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.