Epoch Investment Partners Inc. Has $842,000 Position in Rush Enterprises, Inc. $RUSHA

Key Points

• Epoch Investment Partners Inc. increased its stake in Rush Enterprises by 109.8% in Q1, now owning 15,774 shares valued at approximately $842,000.
• American Century Companies Inc. significantly boosted its holdings in Rush Enterprises by 423.4% during the same quarter, reflecting a growing interest from institutional investors.
• Rush Enterprises announced a quarterly dividend increase to $0.19 per share, up from $0.18, with a dividend yield of 1.3%.

Epoch Investment Partners Inc. lifted its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 109.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 15,774 shares of the company's stock after acquiring an additional 8,256 shares during the period. Epoch Investment Partners Inc.'s holdings in Rush Enterprises were worth $842,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of RUSHA. Caitong International Asset Management Co. Ltd boosted its stake in Rush Enterprises by 82.2% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 481 shares of the company's stock valued at $26,000 after purchasing an additional 217 shares during the period. AlphaQuest LLC acquired a new stake in shares of Rush Enterprises in the first quarter valued at approximately $30,000. Smartleaf Asset Management LLC boosted its position in shares of Rush Enterprises by 26.7% during the first quarter. Smartleaf Asset Management LLC now owns 1,078 shares of the company's stock worth $58,000 after buying an additional 227 shares during the period. Tower Research Capital LLC TRC grew its holdings 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 buying an additional 616 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Rush Enterprises by 29.4% in the 1st quarter. GAMMA Investing LLC now owns 1,267 shares of the company's stock valued at $68,000 after acquiring an additional 288 shares during the period. Institutional investors and hedge funds own 84.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Stephens restated an "overweight" rating on shares of Rush Enterprises in a research report on Monday, August 4th. Wall Street Zen cut Rush Enterprises from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $61.00.

Insiders Place Their Bets

In other Rush Enterprises news, Director Michael Mcroberts sold 6,000 shares of Rush Enterprises stock in a transaction on Monday, August 4th. The shares were sold at an average price of $54.64, for a total transaction of $327,840.00. Following the completion of the sale, the director owned 15,771 shares of the company's stock, valued at $861,727.44. This trade represents a 27.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Jason Wilder sold 4,980 shares of Rush Enterprises stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $55.55, for a total transaction of $276,639.00. Following the sale, the chief operating officer directly owned 79,692 shares of the company's stock, valued at $4,426,890.60. This trade represents a 5.88% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,480 shares of company stock worth $862,104. Corporate insiders own 12.28% of the company's stock.

Rush Enterprises Trading Down 0.2%

NASDAQ RUSHA opened at $57.28 on Wednesday. Rush Enterprises, Inc. has a twelve month low of $46.30 and a twelve month high of $65.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.32 and a current ratio of 1.39. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 1.62 and a beta of 0.88. The firm's 50 day moving average price is $54.84 and its two-hundred day moving average price is $53.25.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.10. Rush Enterprises had a net margin of 3.73% and a return on equity of 13.29%. The firm had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.89 billion. Equities analysts anticipate that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, August 12th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, August 12th. This is a positive change from Rush Enterprises's previous quarterly dividend of $0.18. Rush Enterprises's dividend payout ratio is presently 21.65%.

About Rush Enterprises

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.