GW&K Investment Management LLC Grows Stock Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

GW&K Investment Management LLC lifted its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 2.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 340,181 shares of the company's stock after purchasing an additional 6,917 shares during the quarter. GW&K Investment Management LLC owned about 0.43% of Rush Enterprises worth $18,169,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC raised its position in 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 during the period. GAMMA Investing LLC grew its stake in shares of Rush Enterprises by 29.4% during the first quarter. GAMMA Investing LLC now owns 1,267 shares of the company's stock valued at $68,000 after buying an additional 288 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Rush Enterprises by 71.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,435 shares of the company's stock valued at $79,000 after buying an additional 596 shares during the last quarter. Sterling Capital Management LLC raised its holdings in shares of Rush Enterprises by 833.8% in the fourth quarter. Sterling Capital Management LLC now owns 1,961 shares of the company's stock worth $107,000 after buying an additional 1,751 shares during the period. Finally, Cerity Partners LLC bought a new stake in shares of Rush Enterprises during the 1st quarter worth approximately $207,000. Institutional investors own 84.43% of the company's stock.

Insider Buying and Selling at Rush Enterprises

In other news, COO Jason Wilder sold 748 shares of the business's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $56.08, for a total value of $41,947.84. Following the completion of the sale, the chief operating officer owned 84,672 shares in the company, valued at approximately $4,748,405.76. The trade was a 0.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Michael L. Goldstone sold 4,500 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $52.10, for a total transaction of $234,450.00. Following the transaction, the senior vice president owned 12,510 shares in the company, valued at approximately $651,771. This represents a 26.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,731 shares of company stock worth $303,634. Insiders own 12.28% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on RUSHA shares. Wall Street Zen downgraded Rush Enterprises from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Stephens lowered their target price on shares of 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 Trading Up 1.1%

RUSHA stock traded up $0.57 during mid-day trading on Friday, reaching $54.82. The company had a trading volume of 280,619 shares, compared to its average volume of 469,412. The company has a market capitalization of $4.27 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 1.55 and a beta of 0.88. The firm has a 50 day moving average of $51.48 and a 200 day moving average of $53.86. Rush Enterprises, Inc. has a 12 month low of $46.30 and a 12 month high of $65.43. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.44 and a quick ratio of 0.32.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $1.86 billion. Rush Enterprises had a return on equity of 13.82% and a net margin of 3.76%. On average, equities analysts predict that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Monday, May 12th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.72 annualized dividend and a dividend yield of 1.31%. Rush Enterprises's dividend payout ratio is currently 20.11%.

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.