EULAV Asset Management Has $10.44 Million Stock Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

EULAV Asset Management raised its position in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 14.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 195,400 shares of the company's stock after buying an additional 24,500 shares during the period. EULAV Asset Management owned approximately 0.25% of Rush Enterprises worth $10,436,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RUSHA. Smartleaf Asset Management LLC boosted its position in Rush Enterprises by 475.0% in 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 during the last quarter. Tower Research Capital LLC TRC raised 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 in the last quarter. GAMMA Investing LLC raised its stake 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 valued at $68,000 after purchasing an additional 288 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Rush Enterprises by 71.0% in the 4th 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% in 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 in the last quarter. 84.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Rush Enterprises

In other news, SVP Michael L. Goldstone sold 4,500 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $52.10, for a total transaction of $234,450.00. Following the completion of the transaction, the senior vice president owned 12,510 shares of the company's stock, valued at approximately $651,771. This represents a 26.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jason Wilder sold 748 shares of the company's stock in a transaction dated Monday, May 19th. The shares were 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 $4,748,405.76. This represents a 0.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,731 shares of company stock worth $303,634 in the last quarter. Insiders own 12.28% of the company's stock.

Wall Street Analyst Weigh In

RUSHA has been the topic of several research reports. Wall Street Zen upgraded shares of Rush Enterprises from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Stephens dropped their price objective on shares of Rush Enterprises from $63.00 to $61.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd.

Rush Enterprises Trading Up 0.7%

Shares of NASDAQ:RUSHA traded up $0.36 during mid-day trading on Thursday, hitting $54.09. The stock had a trading volume of 261,472 shares, compared to its average volume of 401,458. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.32 and a current ratio of 1.44. The company has a market cap of $4.21 billion, a PE ratio of 15.11, a P/E/G ratio of 1.50 and a beta of 0.88. Rush Enterprises, Inc. has a 12-month low of $41.18 and a 12-month high of $65.43. The company's 50 day moving average is $50.77 and its 200-day moving average is $54.04.

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

Rush Enterprises Announces Dividend

The company also recently announced 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 1.33%. Rush Enterprises's dividend payout ratio (DPR) is presently 20.11%.

About Rush Enterprises

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.