Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. boosted its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 27.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,378 shares of the company's stock after buying an additional 8,862 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.05% of Rush Enterprises worth $2,210,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its stake in Rush Enterprises by 475.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 851 shares of the company's stock valued at $46,000 after acquiring an additional 703 shares in the last quarter. Tower Research Capital LLC TRC boosted its position 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 worth $62,000 after purchasing an additional 616 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Rush Enterprises by 71.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,435 shares of the company's stock worth $79,000 after buying an additional 596 shares during the last quarter. Sterling Capital Management LLC increased its position in 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 buying an additional 1,751 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Rush Enterprises in the fourth quarter valued at about $179,000. Institutional investors own 84.43% of the company's stock.

Insider Activity at Rush Enterprises

In other news, COO Jason Wilder sold 483 shares of Rush Enterprises stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $56.39, for a total value of $27,236.37. Following the completion of the transaction, the chief operating officer now owns 85,420 shares in the company, valued at approximately $4,816,833.80. This trade represents a 0.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Michael L. Goldstone sold 4,500 shares of the company's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $52.10, for a total transaction of $234,450.00. Following the sale, the senior vice president now owns 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. Over the last three months, insiders have sold 5,731 shares of company stock worth $303,634. Insiders own 12.28% of the company's stock.

Rush Enterprises Price Performance

RUSHA traded down $1.27 during midday trading on Friday, hitting $49.92. 94,149 shares of the company traded hands, compared to its average volume of 385,700. The business has a 50 day simple moving average of $50.67 and a two-hundred day simple moving average of $55.16. Rush Enterprises, Inc. has a 52-week low of $40.99 and a 52-week high of $65.43. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 1.04 and a beta of 0.89. The company has a current ratio of 1.45, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.86 billion. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. On average, equities analysts forecast that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Monday, May 12th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Monday, May 12th. Rush Enterprises's dividend payout ratio (DPR) is presently 20.11%.

Analyst Ratings Changes

Separately, Stephens reduced their target price on Rush Enterprises from $63.00 to $61.00 and set an "overweight" rating for the company in a research note 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.