Cooke & Bieler LP Lowers Position in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Cooke & Bieler LP lowered its position in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 35.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 608,137 shares of the company's stock after selling 333,428 shares during the period. Cooke & Bieler LP owned approximately 0.77% of Rush Enterprises worth $32,481,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its stake in shares of 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 purchasing an additional 616 shares during the period. GAMMA Investing LLC raised its position in shares of Rush Enterprises by 29.4% in the first quarter. GAMMA Investing LLC now owns 1,267 shares of the company's stock valued at $68,000 after buying an additional 288 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Rush Enterprises by 71.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,435 shares of the company's stock valued at $79,000 after buying an additional 596 shares during the last quarter. Sterling Capital Management LLC grew its holdings in shares of Rush Enterprises by 833.8% in the fourth quarter. Sterling Capital Management LLC now owns 1,961 shares of the company's stock valued at $107,000 after purchasing an additional 1,751 shares during the period. Finally, Cerity Partners LLC purchased a new stake in shares of Rush Enterprises in the first quarter valued at about $207,000. Hedge funds and other institutional investors own 84.43% of the company's stock.

Rush Enterprises Price Performance

RUSHA stock traded down $1.98 during trading on Friday, hitting $50.67. The stock had a trading volume of 438,852 shares, compared to its average volume of 402,174. The company's 50 day moving average price is $51.31 and its two-hundred day moving average price is $53.93. Rush Enterprises, Inc. has a 1-year low of $46.30 and a 1-year high of $65.43. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 1.43 and a beta of 0.88. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.32 and a current ratio of 1.44.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.01. Rush Enterprises had a return on equity of 13.82% and a net margin of 3.76%. The business had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.86 billion. On average, sell-side analysts forecast that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Monday, May 12th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Monday, May 12th. Rush Enterprises's dividend payout ratio (DPR) is presently 20.11%.

Insider Buying and Selling at Rush Enterprises

In other news, COO Jason Wilder sold 748 shares of the firm's stock in a transaction 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 transaction, the chief operating officer directly owned 84,672 shares of the company's stock, valued at approximately $4,748,405.76. This trade represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Michael L. Goldstone sold 4,500 shares of the firm's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $52.10, for a total value of $234,450.00. Following the transaction, the senior vice president directly owned 12,510 shares in the company, valued at $651,771. This trade represents a 26.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,731 shares of company stock worth $303,634 over the last 90 days. 12.28% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on RUSHA. Wall Street Zen cut shares of Rush Enterprises from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Stephens lowered their target price 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.

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.