Rush Enterprises, Inc. $RUSHA Shares Acquired by Keeley Teton Advisors LLC

Key Points

• Keeley Teton Advisors LLC has increased its ownership in Rush Enterprises, Inc. by 36.4%, bringing its total holdings to 29,010 shares valued at approximately $1.55 million.
• Rush Enterprises recently reported earnings of $0.90 per share, exceeding expectations, and plans to pay a quarterly dividend of $0.19 per share, up from $0.18.
• Institutional investors own 84.43% of the company's stock, indicating strong institutional support and confidence in Rush Enterprises.

Keeley Teton Advisors LLC raised its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 36.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,010 shares of the company's stock after buying an additional 7,739 shares during the quarter. Keeley Teton Advisors LLC's holdings in Rush Enterprises were worth $1,549,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. lifted its position in shares of Rush Enterprises by 1.9% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,218,650 shares of the company's stock valued at $118,499,000 after acquiring an additional 41,407 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Rush Enterprises by 6.5% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,302,218 shares of the company's stock valued at $69,552,000 after purchasing an additional 79,499 shares during the last quarter. Jennison Associates LLC lifted its holdings in Rush Enterprises by 73.3% in the 1st quarter. Jennison Associates LLC now owns 882,911 shares of the company's stock valued at $47,156,000 after purchasing an additional 373,531 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Rush Enterprises by 12.0% during the 1st quarter. Northern Trust Corp now owns 879,554 shares of the company's stock worth $46,977,000 after purchasing an additional 94,271 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. grew its holdings in shares of Rush Enterprises by 2.3% during the first quarter. Global Alpha Capital Management Ltd. now owns 807,290 shares of the company's stock worth $43,117,000 after buying an additional 18,100 shares in the last quarter. Hedge funds and other institutional investors own 84.43% of the company's stock.

Insider Buying and Selling at Rush Enterprises

In other Rush Enterprises news, Director Michael Mcroberts sold 6,000 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $54.64, for a total transaction of $327,840.00. Following the completion of the sale, the director directly owned 15,771 shares in the company, valued at $861,727.44. This represents a 27.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Michael L. Goldstone sold 4,500 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $57.25, for a total value of $257,625.00. Following the completion of the transaction, the senior vice president owned 12,510 shares in the company, valued at approximately $716,197.50. This trade represents a 26.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,480 shares of company stock valued at $862,104. Company insiders own 12.28% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on RUSHA shares. Stephens reissued an "overweight" rating on shares of Rush Enterprises in a research report on Monday, August 4th. Wall Street Zen cut shares of Rush Enterprises from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $61.00.

Rush Enterprises Trading Down 0.8%

RUSHA stock traded down $0.49 on Friday, hitting $57.40. 230,994 shares of the company were exchanged, compared to its average volume of 325,211. Rush Enterprises, Inc. has a twelve month low of $46.30 and a twelve month high of $65.43. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.39 and a quick ratio of 0.32. The business's fifty day moving average is $54.58 and its two-hundred day moving average is $53.33. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 16.35, a price-to-earnings-growth ratio of 1.63 and a beta of 0.85.

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

Rush Enterprises Increases Dividend

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

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.