Rush Enterprises, Inc. $RUSHA Stake Boosted by Johnson Investment Counsel Inc.

Key Points

• Johnson Investment Counsel Inc. boosted its stake in Rush Enterprises, Inc. by 36.2%, owning approximately 0.08% of the company, valued at $3,034,000.
• Rush Enterprises recently increased its quarterly dividend to $0.19 from the previous $0.18, resulting in an annualized yield of 1.5%.
• Daily stock performance showed Rush Enterprises shares opening at $50.35 with a market cap of $3.92 billion and a PE ratio of 14.34.

Johnson Investment Counsel Inc. increased its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 36.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,894 shares of the company's stock after purchasing an additional 15,669 shares during the quarter. Johnson Investment Counsel Inc. owned approximately 0.08% of Rush Enterprises worth $3,034,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of RUSHA. Caitong International Asset Management Co. Ltd increased its stake in Rush Enterprises by 82.2% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 481 shares of the company's stock worth $26,000 after purchasing an additional 217 shares in the last quarter. AlphaQuest LLC acquired a new stake in Rush Enterprises during the 1st quarter worth about $30,000. Smartleaf Asset Management LLC boosted its position in Rush Enterprises by 26.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 1,078 shares of the company's stock worth $58,000 after acquiring an additional 227 shares during the period. GAMMA Investing LLC boosted its position in Rush Enterprises by 29.4% during the 1st quarter. GAMMA Investing LLC now owns 1,267 shares of the company's stock worth $68,000 after acquiring an additional 288 shares during the period. Finally, Cerity Partners LLC acquired a new stake in Rush Enterprises during the 1st quarter worth about $207,000. Hedge funds and other institutional investors own 84.43% of the company's stock.

Insider Buying and Selling

In related news, Director Michael Mcroberts sold 6,000 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $54.64, for a total value of $327,840.00. Following the completion of the sale, the director directly owned 15,771 shares in the company, valued at approximately $861,727.44. The trade was a 27.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Michael L. Goldstone sold 4,500 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $57.25, for a total value of $257,625.00. Following the completion of the sale, the senior vice president owned 12,510 shares of the company's stock, valued at approximately $716,197.50. This trade represents a 26.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,480 shares of company stock worth $862,104. 12.28% of the stock is currently owned by insiders.

Rush Enterprises Price Performance

Shares of RUSHA opened at $50.35 on Monday. The firm has a market cap of $3.92 billion, a PE ratio of 14.34, a PEG ratio of 1.44 and a beta of 0.89. The firm's 50 day moving average price is $55.95 and its 200 day moving average price is $53.08. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.32 and a current ratio of 1.39. Rush Enterprises, Inc. has a twelve month low of $47.06 and a twelve month high of $65.43.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last issued its quarterly earnings data on Thursday, May 20th. The company reported $0.79 earnings per share for the quarter. The firm had revenue of $1.23 billion for the quarter. Rush Enterprises had a net margin of 3.73% and a return on equity of 13.29%. As a group, research analysts expect that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, August 12th were issued a $0.19 dividend. This is an increase from Rush Enterprises's previous quarterly dividend of $0.18. The ex-dividend date was Tuesday, August 12th. This represents a $0.76 annualized dividend and a yield of 1.5%. Rush Enterprises's dividend payout ratio is presently 21.65%.

Analyst Upgrades and Downgrades

RUSHA has been the subject of a number of research reports. Stephens restated an "overweight" rating on shares of Rush Enterprises in a research report on Monday, August 4th. Wall Street Zen lowered Rush Enterprises from a "buy" rating to a "hold" rating in a research report on Saturday, October 4th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Rush Enterprises in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Rush Enterprises currently has a consensus rating of "Buy" and a consensus price target of $61.00.

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.

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