UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 19,148 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 15.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,554 shares of the company's stock after purchasing an additional 19,148 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.18% of Rush Enterprises worth $7,646,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Smartleaf Asset Management LLC raised its position in shares of Rush Enterprises by 475.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 851 shares of the company's stock worth $46,000 after buying an additional 703 shares during the period. Tower Research Capital LLC TRC lifted its position 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. 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 worth $79,000 after purchasing an additional 596 shares during the period. Sterling Capital Management LLC boosted its stake 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 period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Rush Enterprises in the fourth quarter valued at approximately $179,000. 84.43% of the stock is currently owned by hedge funds and other institutional investors.

Rush Enterprises Stock Performance

Shares of NASDAQ RUSHA traded down $0.21 during trading hours on Thursday, reaching $50.01. The stock had a trading volume of 46,872 shares, compared to its average volume of 383,155. The business's fifty day moving average is $50.88 and its two-hundred day moving average is $55.53. Rush Enterprises, Inc. has a twelve month low of $40.99 and a twelve month high of $65.43. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 1.04 and a beta of 0.94. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.45 and a quick ratio of 0.28.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. The firm had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.86 billion. As a group, research analysts expect that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Monday, May 12th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Monday, May 12th. Rush Enterprises's dividend payout ratio (DPR) is presently 20.11%.

Insider Buying and Selling at Rush Enterprises

In other Rush Enterprises news, 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 completion of the sale, the senior vice president now directly owns 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jason Wilder sold 483 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $56.39, for a total value of $27,236.37. Following the completion of the transaction, the chief operating officer now owns 85,420 shares of the company's stock, valued at $4,816,833.80. This trade represents a 0.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,731 shares of company stock valued at $303,634 in the last quarter. 12.28% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Stephens cut 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.

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.