Segall Bryant & Hamill LLC Has $26.22 Million Position in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Segall Bryant & Hamill LLC grew its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 4.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 490,825 shares of the company's stock after buying an additional 21,970 shares during the period. Segall Bryant & Hamill LLC owned 0.62% of Rush Enterprises worth $26,215,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in RUSHA. Tower Research Capital LLC TRC boosted its holdings in shares of Rush Enterprises by 121.5% during the fourth 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 last quarter. GAMMA Investing LLC boosted its holdings in 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 acquiring an additional 288 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in 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 acquiring an additional 596 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in Rush Enterprises by 833.8% in the fourth quarter. Sterling Capital Management LLC now owns 1,961 shares of the company's stock valued at $107,000 after acquiring an additional 1,751 shares during the last quarter. Finally, Cerity Partners LLC acquired a new position in Rush Enterprises in the first quarter valued at $207,000. Institutional investors and hedge funds own 84.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on RUSHA. Wall Street Zen cut Rush Enterprises from a "buy" rating to a "hold" rating in a report on Sunday. Stephens reduced their target price on Rush Enterprises from $63.00 to $61.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd.

Insider Transactions 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 value of $41,947.84. Following the completion of the sale, the chief operating officer directly owned 84,672 shares of the company's stock, valued at $4,748,405.76. The trade was a 0.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Michael L. Goldstone sold 4,500 shares of Rush Enterprises stock in a transaction that occurred 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 completion of 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 ninety days, insiders have sold 5,731 shares of company stock worth $303,634. Corporate insiders own 12.28% of the company's stock.

Rush Enterprises Stock Up 0.1%

NASDAQ:RUSHA traded up $0.03 during mid-day trading on Wednesday, hitting $52.12. The company had a trading volume of 354,401 shares, compared to its average volume of 402,399. The business has a fifty day simple moving average of $51.09 and a 200-day simple moving average of $54.00. The company has a current ratio of 1.44, a quick ratio of 0.32 and a debt-to-equity ratio of 0.22. Rush Enterprises, Inc. has a 1 year low of $46.30 and a 1 year high of $65.43. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 1.52 and a beta of 0.88.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $1.86 billion. Equities analysts forecast that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Monday, May 12th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Monday, May 12th. Rush Enterprises's payout ratio is 20.11%.

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.