Harbor Capital Advisors Inc. Acquires 8,862 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Harbor Capital Advisors Inc. lifted its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 27.3% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 41,378 shares of the company's stock after buying an additional 8,862 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.05% of Rush Enterprises worth $2,210,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of Rush Enterprises by 6,812.2% during the 1st quarter. GAMMA Investing LLC now owns 67,670 shares of the company's stock valued at $3,614,000 after purchasing an additional 66,691 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Rush Enterprises during the 4th quarter valued at approximately $10,628,000. Jefferies Financial Group Inc. bought a new stake in shares of Rush Enterprises during the 4th quarter valued at approximately $241,000. Castleark Management LLC bought a new stake in shares of Rush Enterprises during the 4th quarter valued at approximately $4,724,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Rush Enterprises by 15.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 139,554 shares of the company's stock valued at $7,646,000 after purchasing an additional 19,148 shares during the last quarter. Institutional investors and hedge funds own 84.43% of the company's stock.

Rush Enterprises Stock Down 2.9%

RUSHA traded down $1.46 during trading on Friday, hitting $49.72. 259,444 shares of the company's stock were exchanged, compared to its average volume of 387,578. The company has a quick ratio of 0.28, a current ratio of 1.45 and a debt-to-equity ratio of 0.23. The business's 50 day moving average is $50.68 and its two-hundred day moving average is $54.99. Rush Enterprises, Inc. has a fifty-two week low of $40.99 and a fifty-two week high of $65.43. The stock has a market cap of $3.87 billion, a P/E ratio of 13.33, a PEG ratio of 1.04 and a beta of 0.89.

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

Rush Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Monday, May 12th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Monday, May 12th. Rush Enterprises's payout ratio is 20.11%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RUSHA. Wall Street Zen raised shares of Rush Enterprises from a "hold" rating to a "buy" rating in a report on Saturday. Stephens dropped their price target on shares of Rush Enterprises from $63.00 to $61.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd.

Insider Buying and Selling at Rush Enterprises

In related news, COO Jason Wilder sold 483 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $56.39, for a total value of $27,236.37. Following the sale, the chief operating officer now directly owns 85,420 shares of the company's stock, valued at $4,816,833.80. This trade represents a 0.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Michael L. Goldstone sold 4,500 shares of Rush Enterprises 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 transaction, the senior vice president now directly owns 12,510 shares in the company, valued at $651,771. This trade represents 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 worth $303,634 over the last three months. 12.28% of the stock is currently owned by insiders.

Rush Enterprises Company 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.