Rush Enterprises, Inc. (NASDAQ:RUSHA) Stock Holdings Lessened by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC cut its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 57.5% during the first quarter, according to its most recent disclosure with the SEC. 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 reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. increased its position in 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 worth $69,552,000 after purchasing an additional 79,499 shares during the last quarter. Beck Mack & Oliver LLC grew its stake in shares of Rush Enterprises by 0.5% in the 4th quarter. Beck Mack & Oliver LLC now owns 1,073,567 shares of the company's stock valued at $58,821,000 after buying an additional 5,823 shares in the last quarter. Northern Trust Corp increased its holdings in Rush Enterprises by 5.9% in the fourth quarter. Northern Trust Corp now owns 785,283 shares of the company's stock worth $43,026,000 after buying an additional 43,437 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Rush Enterprises by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 742,995 shares of the company's stock worth $40,709,000 after buying an additional 26,254 shares during the last quarter. Finally, Deutsche Bank AG raised its position in Rush Enterprises by 2.1% during the fourth quarter. Deutsche Bank AG now owns 677,750 shares of the company's stock valued at $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 Stock Performance

Shares of NASDAQ RUSHA opened at $53.33 on Tuesday. The business's 50-day simple moving average is $50.68 and its 200-day simple moving average is $54.05. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.32 and a current ratio of 1.44. Rush Enterprises, Inc. has a 52 week low of $41.10 and a 52 week high of $65.43. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of 14.90, a P/E/G ratio of 1.54 and a beta of 0.88.

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

Rush Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Monday, May 12th were paid a $0.18 dividend. The ex-dividend date was Monday, May 12th. This represents a $0.72 dividend on an annualized basis and a yield of 1.35%. Rush Enterprises's payout ratio is presently 20.11%.

Insider Buying and Selling at Rush Enterprises

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RUSHA. Wall Street Zen upgraded shares of Rush Enterprises from a "hold" rating to a "buy" rating in a research note on Saturday. 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.

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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