Segall Bryant & Hamill LLC Acquires 21,970 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Segall Bryant & Hamill LLC raised its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 4.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 490,825 shares of the company's stock after buying an additional 21,970 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.62% of Rush Enterprises worth $26,215,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of RUSHA. Tower Research Capital LLC TRC raised its position in shares of Rush Enterprises by 121.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the company's stock worth $62,000 after purchasing an additional 616 shares during the period. GAMMA Investing LLC raised its position in shares of 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 purchasing an additional 288 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Rush Enterprises by 71.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,435 shares of the company's stock worth $79,000 after purchasing an additional 596 shares during the period. Sterling Capital Management LLC raised its position in shares of Rush Enterprises by 833.8% during the 4th quarter. Sterling Capital Management LLC now owns 1,961 shares of the company's stock worth $107,000 after purchasing an additional 1,751 shares during the period. Finally, Cerity Partners LLC acquired a new stake in shares of Rush Enterprises during the 1st quarter worth approximately $207,000. Institutional investors and hedge funds own 84.43% of the company's stock.

Insiders Place Their Bets

In related news, COO Jason Wilder sold 748 shares of Rush Enterprises stock in a transaction on 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 sale, the chief operating officer owned 84,672 shares of the company's stock, valued at approximately $4,748,405.76. This trade represents a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Michael L. Goldstone sold 4,500 shares of Rush Enterprises stock in a transaction on Friday, May 16th. The shares were sold at an average price of $52.10, for a total value of $234,450.00. Following the sale, the senior vice president directly owned 12,510 shares of the company's stock, valued at approximately $651,771. The trade was a 26.46% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,731 shares of company stock valued at $303,634. Insiders own 12.28% of the company's stock.

Rush Enterprises Price Performance

Shares of RUSHA traded down $1.98 during trading hours on Friday, hitting $50.67. 438,852 shares of the company were exchanged, compared to its average volume of 401,983. The company has a market capitalization of $3.94 billion, a PE ratio of 14.15, a PEG ratio of 1.49 and a beta of 0.88. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.44 and a quick ratio of 0.32. The firm has a fifty day simple moving average of $51.31 and a 200-day simple moving average of $53.94. Rush Enterprises, Inc. has a one year low of $46.30 and a one year high of $65.43.

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, beating analysts' consensus estimates of $0.72 by $0.01. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.86 billion. Rush Enterprises had a return on equity of 13.82% and a net margin of 3.76%. As a group, sell-side analysts predict that Rush Enterprises, Inc. will post 3.91 earnings per share for the current year.

Rush Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Monday, May 12th were given a dividend of $0.18 per share. The ex-dividend date was Monday, May 12th. This represents a $0.72 dividend on an annualized basis and a yield of 1.42%. Rush Enterprises's payout ratio is 20.11%.

Analyst Ratings Changes

RUSHA has been the topic of several analyst reports. Stephens lowered their target price on Rush Enterprises from $63.00 to $61.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Wall Street Zen cut 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.