Dean Capital Management Grows Stock Position in Rush Enterprises, Inc. $RUSHA

Key Points

• Dean Capital Management increased its holdings in Rush Enterprises by 21.1% during the first quarter, owning approximately 41,379 shares, valued at around $2.2 million.
• Rush Enterprises recently announced a quarterly dividend of $0.19 per share, increasing from the previous $0.18, with an annualized yield of 1.3%.
• Rush Enterprises has a current market cap of $4.52 billion and reported earnings of $0.90 per share last quarter, exceeding analysts' expectations.

Dean Capital Management increased its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 21.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,379 shares of the company's stock after buying an additional 7,197 shares during the quarter. Rush Enterprises comprises approximately 1.0% of Dean Capital Management's portfolio, making the stock its 25th biggest holding. Dean Capital Management owned approximately 0.05% of Rush Enterprises worth $2,210,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. United Services Automobile Association purchased a new position in Rush Enterprises during the first quarter worth about $217,000. Caxton Associates LLP purchased a new position in Rush Enterprises during the first quarter worth about $221,000. Goldman Sachs Group Inc. lifted its position in Rush Enterprises by 18.4% during the first quarter. Goldman Sachs Group Inc. now owns 390,387 shares of the company's stock worth $20,851,000 after buying an additional 60,615 shares during the period. Dynamic Technology Lab Private Ltd increased its stake in Rush Enterprises by 308.7% during the first quarter. Dynamic Technology Lab Private Ltd now owns 15,123 shares of the company's stock worth $807,000 after acquiring an additional 11,423 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Rush Enterprises by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,225 shares of the company's stock worth $1,935,000 after acquiring an additional 1,592 shares during the last quarter. 84.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Rush Enterprises news, SVP Michael L. Goldstone sold 4,500 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $57.25, for a total transaction of $257,625.00. Following the completion of the sale, the senior vice president owned 12,510 shares in the company, valued at $716,197.50. This trade represents a 26.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jason Wilder sold 4,980 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $55.55, for a total value of $276,639.00. Following the sale, the chief operating officer owned 79,692 shares of the company's stock, valued at approximately $4,426,890.60. This trade represents a 5.88% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,480 shares of company stock worth $862,104. 12.28% of the stock is currently owned by corporate insiders.

Rush Enterprises Price Performance

RUSHA stock opened at $58.08 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.32 and a current ratio of 1.39. Rush Enterprises, Inc. has a 1 year low of $46.30 and a 1 year high of $65.43. The firm has a market cap of $4.52 billion, a P/E ratio of 16.55, a price-to-earnings-growth ratio of 1.64 and a beta of 0.88. The stock has a 50-day simple moving average of $55.38 and a 200-day simple moving average of $53.17.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.10. Rush Enterprises had a return on equity of 13.29% and a net margin of 3.73%.The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. On average, equities analysts predict that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Increases Dividend

The business also recently announced 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 1.3%. This is an increase from Rush Enterprises's previous quarterly dividend of $0.18. The ex-dividend date is Tuesday, August 12th. Rush Enterprises's payout ratio is 21.65%.

Analysts Set New Price Targets

Several equities research analysts have commented on RUSHA shares. Stephens restated an "overweight" rating on shares of Rush Enterprises in a research note on Monday, August 4th. Wall Street Zen lowered Rush Enterprises from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Rush Enterprises presently has an average rating of "Buy" and an average target price of $61.00.

Rush Enterprises 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.

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