Teacher Retirement System of Texas Buys 5,992 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Teacher Retirement System of Texas increased its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 115.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,161 shares of the company's stock after buying an additional 5,992 shares during the period. Teacher Retirement System of Texas' holdings in Rush Enterprises were worth $596,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its position in shares of Rush Enterprises by 121.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the company's stock worth $62,000 after acquiring an additional 616 shares in the last quarter. GAMMA Investing LLC lifted 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 purchasing an additional 288 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Rush Enterprises by 71.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,435 shares of the company's stock valued at $79,000 after purchasing an additional 596 shares during the last quarter. Sterling Capital Management LLC increased its stake in Rush Enterprises by 833.8% during the 4th quarter. Sterling Capital Management LLC now owns 1,961 shares of the company's stock valued at $107,000 after buying an additional 1,751 shares during the period. Finally, Two Sigma Investments LP acquired a new position in shares of Rush Enterprises in the 4th quarter worth approximately $210,000. Hedge funds and other institutional investors own 84.43% of the company's stock.

Wall Street Analysts Forecast Growth

RUSHA has been the subject of a number of recent research reports. Wall Street Zen downgraded Rush Enterprises from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Stephens lowered their target price on shares of Rush Enterprises from $63.00 to $61.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd.

Insider Activity

In other news, SVP Michael L. Goldstone sold 4,500 shares of the business's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $52.10, for a total transaction of $234,450.00. Following the sale, the senior vice president directly owned 12,510 shares in the company, valued at approximately $651,771. The trade was a 26.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Jason Wilder sold 748 shares of the company's 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 completion of the sale, the chief operating officer owned 84,672 shares in the company, valued at $4,748,405.76. The trade was a 0.88% decrease in their ownership of the stock. 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 Trading Down 3.8%

Shares of NASDAQ:RUSHA traded down $1.98 during mid-day trading on Friday, reaching $50.67. The stock had a trading volume of 438,852 shares, compared to its average volume of 401,983. The firm has a market cap of $3.94 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 1.49 and a beta of 0.88. The firm has a 50 day simple moving average of $51.31 and a two-hundred day simple moving average of $53.94. 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 twelve month low of $46.30 and a twelve month high of $65.43.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.01. Rush Enterprises had a net margin of 3.76% and a return on equity of 13.82%. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.86 billion. On average, research analysts predict that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Monday, May 12th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend 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.