Charles Schwab Investment Management Inc. Boosts Position in Rush Enterprises, Inc. $RUSHA

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

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

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, COO Jason Wilder sold 4,980 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were 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 owned 79,692 shares in the company, valued at approximately $4,426,890.60. This represents a 5.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Mcroberts sold 6,000 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $54.64, for a total transaction of $327,840.00. Following the transaction, the director owned 15,771 shares of the company's stock, valued at approximately $861,727.44. This represents a 27.56% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.28% of the company's stock.

Rush Enterprises Trading Down 0.6%

Shares of RUSHA stock traded down $0.3420 during mid-day trading on Thursday, reaching $56.0780. The stock had a trading volume of 108,208 shares, compared to its average volume of 420,753. The stock's 50-day moving average price is $53.45 and its two-hundred day moving average price is $53.44. Rush Enterprises, Inc. has a 52-week low of $46.30 and a 52-week high of $65.43. The firm has a market capitalization of $4.36 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 1.60 and a beta of 0.85. The company has a current ratio of 1.39, a quick ratio of 0.32 and a debt-to-equity ratio of 0.23.

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

Rush Enterprises Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, August 12th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.4%. This is a boost from Rush Enterprises's previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Tuesday, August 12th. Rush Enterprises's dividend payout ratio is currently 21.65%.

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.