Deutsche Bank AG Sells 61,553 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Deutsche Bank AG lowered its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 9.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 616,197 shares of the company's stock after selling 61,553 shares during the quarter. Deutsche Bank AG owned 0.78% of Rush Enterprises worth $32,911,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RUSHA. Summit Investment Advisors Inc. lifted its position in shares of Rush Enterprises by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,365 shares of the company's stock worth $349,000 after acquiring an additional 202 shares during the period. GAMMA Investing LLC lifted its position in shares of Rush Enterprises by 29.4% in the 1st quarter. GAMMA Investing LLC now owns 1,267 shares of the company's stock worth $68,000 after acquiring an additional 288 shares during the period. Denali Advisors LLC lifted its position in shares of Rush Enterprises by 0.4% during the 1st quarter. Denali Advisors LLC now owns 119,929 shares of the company's stock worth $6,405,000 after buying an additional 464 shares during the period. Illinois Municipal Retirement Fund lifted its position in shares of Rush Enterprises by 1.8% during the 1st quarter. Illinois Municipal Retirement Fund now owns 33,792 shares of the company's stock worth $1,805,000 after buying an additional 607 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position 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 buying an additional 616 shares during the period. Institutional investors and hedge funds own 84.43% of the company's stock.

Insiders Place Their Bets

In other Rush Enterprises news, COO Jason Wilder sold 4,980 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael Mcroberts sold 6,000 shares of the firm's 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 completion of the sale, the director directly owned 15,771 shares in the company, valued at approximately $861,727.44. This represents a 27.56% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,728 shares of company stock worth $646,427. Company insiders own 12.28% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Stephens restated an "overweight" rating on shares of Rush Enterprises in a research report on Monday, August 4th. Wall Street Zen downgraded Rush Enterprises from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th.

Rush Enterprises Stock Performance

Shares of Rush Enterprises stock traded down $0.98 on Friday, hitting $56.37. The stock had a trading volume of 264,431 shares, compared to its average volume of 424,855. Rush Enterprises, Inc. has a twelve month low of $46.30 and a twelve month high of $65.43. The business's 50 day moving average is $53.03 and its two-hundred day moving average is $53.55. The company has a quick ratio of 0.32, a current ratio of 1.39 and a debt-to-equity ratio of 0.23. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 16.06, a price-to-earnings-growth ratio of 1.66 and a beta of 0.85.

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

Rush Enterprises Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, August 12th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from Rush Enterprises's previous quarterly dividend of $0.18. Rush Enterprises's dividend payout ratio (DPR) is 21.65%.

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.