Universal Beteiligungs und Servicegesellschaft mbH Makes New $10.63 Million Investment in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 193,975 shares of the company's stock, valued at approximately $10,628,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.25% of Rush Enterprises as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its holdings in Rush Enterprises by 475.0% during 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 raised 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 acquiring an additional 616 shares during the period. 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 acquiring an additional 596 shares in the last quarter. Sterling Capital Management LLC boosted its stake in Rush Enterprises by 833.8% in 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, Sanctuary Advisors LLC bought a new position in Rush Enterprises during the 4th quarter worth about $179,000. 84.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Rush Enterprises

In other Rush Enterprises news, COO Jason Wilder sold 748 shares of Rush Enterprises stock in a transaction that occurred on 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 now directly owns 84,672 shares in the company, valued at approximately $4,748,405.76. The trade was a 0.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Michael L. Goldstone sold 4,500 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $52.10, for a total value of $234,450.00. Following the transaction, the senior vice president now owns 12,510 shares in the company, valued at $651,771. The trade was a 26.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,731 shares of company stock worth $303,634 over the last three months. Company insiders own 12.28% of the company's stock.

Rush Enterprises Trading Down 0.5%

Shares of NASDAQ:RUSHA traded down $0.23 during midday trading on Wednesday, hitting $50.22. 368,082 shares of the stock were exchanged, compared to its average volume of 384,451. The business's 50-day moving average price is $50.88 and its 200 day moving average price is $55.53. Rush Enterprises, Inc. has a 12 month low of $40.99 and a 12 month high of $65.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.45. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 13.46, a P/E/G ratio of 1.04 and a beta of 0.94.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.01. Rush Enterprises had a net margin of 3.90% and a return on equity of 14.76%. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.86 billion. Analysts predict that Rush Enterprises, Inc. will post 3.91 earnings per share for the current year.

Rush Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Monday, May 12th will be paid a $0.18 dividend. The ex-dividend date is Monday, May 12th. This represents a $0.72 annualized dividend and a dividend yield of 1.43%. Rush Enterprises's dividend payout ratio is 20.11%.

Wall Street Analyst Weigh In

Separately, Stephens cut their price target on Rush Enterprises from $63.00 to $61.00 and set an "overweight" rating on the stock in a 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.