Beverly Hills Private Wealth LLC Trims Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Beverly Hills Private Wealth LLC lessened its position in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 57.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,052 shares of the company's stock after selling 6,844 shares during the period. Beverly Hills Private Wealth LLC's holdings in Rush Enterprises were worth $270,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Commonwealth Equity Services LLC increased its stake in shares of Rush Enterprises by 1.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 11,183 shares of the company's stock valued at $613,000 after buying an additional 186 shares during the period. Summit Investment Advisors Inc. increased its stake in shares of Rush Enterprises by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,365 shares of the company's stock valued at $349,000 after buying an additional 202 shares during the period. GAMMA Investing LLC increased its stake in shares of Rush Enterprises by 29.4% in 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 period. PNC Financial Services Group Inc. increased its stake in shares of Rush Enterprises by 71.0% in 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 period. Finally, Illinois Municipal Retirement Fund increased its stake in shares of Rush Enterprises by 1.8% in the first quarter. Illinois Municipal Retirement Fund now owns 33,792 shares of the company's stock valued at $1,805,000 after buying an additional 607 shares during the period. Institutional investors and hedge funds own 84.43% of the company's stock.

Rush Enterprises Stock Performance

NASDAQ:RUSHA traded down $0.40 during trading hours on Friday, reaching $53.69. The stock had a trading volume of 434,590 shares, compared to its average volume of 402,584. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.32 and a current ratio of 1.44. The stock has a 50 day simple moving average of $50.90 and a 200 day simple moving average of $54.03. Rush Enterprises, Inc. has a 12-month low of $44.70 and a 12-month high of $65.43. The stock has a market cap of $4.18 billion, a P/E ratio of 15.00, a price-to-earnings-growth ratio of 1.53 and a beta of 0.88.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.01. Rush Enterprises had a return on equity of 13.82% and a net margin of 3.76%. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.86 billion. On average, research analysts forecast that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Monday, May 12th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Monday, May 12th. Rush Enterprises's dividend payout ratio (DPR) is presently 20.11%.

Insider Buying and Selling at Rush Enterprises

In related news, COO Jason Wilder sold 748 shares of the business's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $56.08, for a total transaction of $41,947.84. Following the completion of the transaction, the chief operating officer directly owned 84,672 shares in the company, valued at $4,748,405.76. The trade was 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 through this hyperlink. Also, SVP Michael L. Goldstone sold 4,500 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $651,771. The trade was a 26.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,731 shares of company stock valued at $303,634. 12.28% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on RUSHA. Wall Street Zen raised Rush Enterprises from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Stephens cut their price target on Rush Enterprises from $63.00 to $61.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd.

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.