Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lessened its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 19.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 59,837 shares of the company's stock after selling 14,385 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.08% of Rush Enterprises worth $3,197,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of RUSHA. Vaughan Nelson Investment Management L.P. lifted its stake in shares of 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 in the last quarter. Beck Mack & Oliver LLC lifted its holdings in Rush Enterprises by 0.5% in the 4th quarter. Beck Mack & Oliver LLC now owns 1,073,567 shares of the company's stock worth $58,821,000 after buying an additional 5,823 shares in the last quarter. Jennison Associates LLC boosted its position 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 buying an additional 373,531 shares during the last quarter. Northern Trust Corp grew its stake in shares of Rush Enterprises by 5.9% during the fourth quarter. Northern Trust Corp now owns 785,283 shares of the company's stock valued at $43,026,000 after acquiring an additional 43,437 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Rush Enterprises by 2.1% in the fourth quarter. Deutsche Bank AG now owns 677,750 shares of the company's stock worth $37,134,000 after acquiring an additional 13,745 shares in the last quarter. 84.43% of the stock is owned by hedge funds and other institutional investors.

Rush Enterprises Trading Up 4.6%

Shares of RUSHA opened at $52.75 on Wednesday. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 14.73, a P/E/G ratio of 1.42 and a beta of 0.88. Rush Enterprises, Inc. has a 12-month low of $46.30 and a 12-month high of $65.43. The stock's 50-day moving average price is $51.31 and its 200 day moving average price is $53.93. The company has a quick ratio of 0.32, a current ratio of 1.44 and a debt-to-equity ratio of 0.22.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. The company had revenue of $1.85 billion during 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%. As a group, research analysts predict that Rush Enterprises, Inc. will post 3.91 earnings per share for the current year.

Rush Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Monday, May 12th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Monday, May 12th. Rush Enterprises's payout ratio is 20.11%.

Insider Activity

In other Rush Enterprises news, COO Jason Wilder sold 748 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $56.08, for a total value of $41,947.84. Following the sale, the chief operating officer owned 84,672 shares in the company, valued at $4,748,405.76. This represents a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Michael L. Goldstone sold 4,500 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $52.10, for a total value of $234,450.00. Following the transaction, the senior vice president owned 12,510 shares in the company, valued at approximately $651,771. This trade represents a 26.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,731 shares of company stock worth $303,634 in the last quarter. 12.28% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on RUSHA. Stephens decreased their price objective on shares of Rush Enterprises from $63.00 to $61.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Wall Street Zen downgraded shares of Rush Enterprises from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th.

Rush Enterprises 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.

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