EULAV Asset Management Grows Stock Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

EULAV Asset Management lifted its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 14.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 195,400 shares of the company's stock after purchasing an additional 24,500 shares during the period. EULAV Asset Management owned 0.25% of Rush Enterprises worth $10,436,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of RUSHA. Smartleaf Asset Management LLC lifted its stake in shares of Rush Enterprises by 475.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 851 shares of the company's stock valued at $46,000 after buying an additional 703 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Rush Enterprises by 121.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the company's stock worth $62,000 after acquiring an additional 616 shares in the last quarter. GAMMA Investing LLC boosted its holdings 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 worth $68,000 after acquiring an additional 288 shares during the period. PNC Financial Services Group Inc. grew 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 purchasing an additional 596 shares in the last quarter. Finally, Sterling Capital Management LLC raised 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 valued at $107,000 after purchasing an additional 1,751 shares during the period. Institutional investors own 84.43% of the company's stock.

Insider Buying and Selling

In other Rush Enterprises news, COO Jason Wilder sold 748 shares of Rush Enterprises stock in a transaction on Monday, May 19th. The shares were sold at an average price of $56.08, for a total transaction of $41,947.84. Following the sale, the chief operating officer owned 84,672 shares of the company's stock, valued at $4,748,405.76. The trade was a 0.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Michael L. Goldstone sold 4,500 shares of the business's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $52.10, for a total transaction of $234,450.00. Following the transaction, the senior vice president owned 12,510 shares in the company, valued at $651,771. The trade was a 26.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,731 shares of company stock valued at $303,634 over the last three months. 12.28% of the stock is currently owned by insiders.

Rush Enterprises Price Performance

RUSHA stock traded down $0.30 during mid-day trading on Tuesday, hitting $53.03. The company had a trading volume of 470,713 shares, compared to its average volume of 401,953. The company has a 50-day moving average price of $50.68 and a 200 day moving average price of $54.05. Rush Enterprises, Inc. has a 12-month low of $41.10 and a 12-month high of $65.43. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 14.81, a P/E/G ratio of 1.50 and a beta of 0.88. The company has a quick ratio of 0.32, a current ratio of 1.44 and a debt-to-equity ratio of 0.22.

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

Rush Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Monday, May 12th were issued a $0.18 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.72 annualized dividend and a yield of 1.36%. Rush Enterprises's dividend payout ratio (DPR) is presently 20.11%.

Analysts Set New Price Targets

RUSHA has been the subject of several recent analyst reports. Wall Street Zen upgraded Rush Enterprises from a "hold" rating to a "buy" rating in a research report on Saturday. Stephens cut their price objective on Rush Enterprises from $63.00 to $61.00 and set an "overweight" rating for the company in a report on Friday, May 2nd.

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.