ProShare Advisors LLC Acquires 5,652 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

ProShare Advisors LLC increased its position in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 44.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,365 shares of the company's stock after buying an additional 5,652 shares during the period. ProShare Advisors LLC's holdings in Rush Enterprises were worth $1,006,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. grew its stake in shares of Rush Enterprises by 3.1% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,222,719 shares of the company's stock valued at $66,993,000 after buying an additional 36,326 shares during the period. Beck Mack & Oliver LLC boosted its stake in Rush Enterprises by 0.5% during the 4th quarter. Beck Mack & Oliver LLC now owns 1,073,567 shares of the company's stock valued at $58,821,000 after purchasing an additional 5,823 shares during the last quarter. Global Alpha Capital Management Ltd. boosted its stake in Rush Enterprises by 2.0% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 789,190 shares of the company's stock valued at $43,240,000 after purchasing an additional 15,200 shares during the last quarter. Northern Trust Corp boosted its stake in Rush Enterprises by 5.9% during the 4th quarter. Northern Trust Corp now owns 785,283 shares of the company's stock valued at $43,026,000 after purchasing an additional 43,437 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Rush Enterprises by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 742,995 shares of the company's stock valued at $40,709,000 after purchasing an additional 26,254 shares during the last quarter. 84.43% of the stock is currently owned by institutional investors and hedge funds.

Rush Enterprises Stock Up 2.5%

RUSHA stock traded up $1.23 during mid-day trading on Tuesday, reaching $50.15. 84,921 shares of the company traded hands, compared to its average volume of 382,936. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of 13.47, a P/E/G ratio of 1.04 and a beta of 0.94. The company has a quick ratio of 0.28, a current ratio of 1.45 and a debt-to-equity ratio of 0.23. Rush Enterprises, Inc. has a fifty-two week low of $40.99 and a fifty-two week high of $65.43. The firm's 50 day moving average price is $51.59 and its 200 day moving average price is $56.05.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.01. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.86 billion. As a group, equities research analysts predict that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Monday, May 12th will be given a dividend of $0.18 per share. The ex-dividend date is Monday, May 12th. This represents a $0.72 annualized dividend and a dividend yield of 1.44%. Rush Enterprises's dividend payout ratio is currently 20.11%.

Wall Street Analysts Forecast Growth

Separately, Stephens cut their price target 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.

Insiders Place Their Bets

In related news, SVP Michael L. Goldstone sold 4,500 shares of Rush Enterprises stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $52.10, for a total value of $234,450.00. Following the sale, the senior vice president now owns 12,510 shares of the company's stock, valued at approximately $651,771. The trade was a 26.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jason Wilder sold 483 shares of Rush Enterprises stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $56.39, for a total transaction of $27,236.37. Following the completion of the sale, the chief operating officer now directly owns 85,420 shares in the company, valued at $4,816,833.80. This trade represents a 0.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,731 shares of company stock valued at $303,634 in the last 90 days. 12.28% of the stock is currently owned by corporate 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.