180,987 Shares in Rush Enterprises, Inc. $RUSHA Acquired by Nuveen LLC

Key Points

• Nuveen LLC has acquired a new position worth approximately $9.67 million in Rush Enterprises, Inc., bringing its total ownership to 0.23% as of the latest SEC filing.
• Rush Enterprises recently announced a quarterly dividend increase to $0.19 per share, representing an annualized dividend of $0.76 and a yield of 1.3%.
• The company reported $1.93 billion in revenue for the last quarter, surpassing analyst expectations, and had an earnings per share (EPS) of $0.90, beating the consensus estimate of $0.80.

Nuveen LLC purchased a new stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 180,987 shares of the company's stock, valued at approximately $9,667,000. Nuveen LLC owned approximately 0.23% of Rush Enterprises at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Aigen Investment Management LP acquired a new position in Rush Enterprises during the 1st quarter worth $317,000. Global Alpha Capital Management Ltd. boosted its holdings in shares of Rush Enterprises by 2.3% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 807,290 shares of the company's stock valued at $43,117,000 after buying an additional 18,100 shares during the period. Savvy Advisors Inc. boosted its holdings in shares of Rush Enterprises by 15.0% in the 1st quarter. Savvy Advisors Inc. now owns 4,529 shares of the company's stock valued at $242,000 after buying an additional 592 shares during the period. Wambolt & Associates LLC boosted its stake in Rush Enterprises by 1.5% during the 1st quarter. Wambolt & Associates LLC now owns 22,067 shares of the company's stock valued at $1,223,000 after purchasing an additional 317 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Rush Enterprises by 1.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 750,974 shares of the company's stock worth $40,110,000 after acquiring an additional 7,979 shares during the period. 84.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Rush Enterprises Stock Performance

Shares of NASDAQ RUSHA traded down $0.49 during trading hours on Friday, hitting $57.40. 230,994 shares of the stock were exchanged, compared to its average volume of 325,211. 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 company's 50 day moving average is $54.58 and its 200 day moving average is $53.33. The firm has a market capitalization of $4.47 billion, a P/E ratio of 16.35, a P/E/G ratio of 1.63 and a beta of 0.85. Rush Enterprises, Inc. has a one year low of $46.30 and a one year high of $65.43.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last issued 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 firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. On average, research analysts expect that Rush Enterprises, Inc. will post 3.91 EPS 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 given a dividend of $0.19 per share. This is an increase from Rush Enterprises's previous quarterly dividend of $0.18. The ex-dividend date is Tuesday, August 12th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.3%. Rush Enterprises's dividend payout ratio is 21.65%.

Insider Buying and Selling

In related news, COO Jason Wilder sold 4,980 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $55.55, for a total transaction of $276,639.00. Following the completion of the sale, the chief operating officer owned 79,692 shares in the company, valued at $4,426,890.60. This trade represents a 5.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael Mcroberts sold 6,000 shares of the 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 sale, the director owned 15,771 shares of the company's stock, valued at $861,727.44. This trade represents a 27.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,480 shares of company stock worth $862,104 in the last quarter. 12.28% of the stock is owned by corporate insiders.

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.