Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Bought by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. raised its position in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 6.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,302,218 shares of the company's stock after purchasing an additional 79,499 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 1.64% of Rush Enterprises worth $69,552,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in RUSHA. Smartleaf Asset Management LLC raised its holdings in Rush Enterprises by 475.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 851 shares of the company's stock valued at $46,000 after buying an additional 703 shares during the period. Tower Research Capital LLC TRC increased 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 valued at $62,000 after acquiring an additional 616 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Rush Enterprises by 29.4% during 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. raised its stake in shares of 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 during the period. Finally, Sterling Capital Management LLC lifted its holdings in shares of 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 acquiring an additional 1,751 shares during the last quarter. Hedge funds and other institutional investors own 84.43% of the company's stock.

Rush Enterprises Trading Up 0.7%

NASDAQ RUSHA traded up $0.33 during trading on Wednesday, hitting $49.56. The stock had a trading volume of 151,442 shares, compared to its average volume of 387,033. The company has a quick ratio of 0.32, a current ratio of 1.44 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $3.86 billion, a PE ratio of 13.83, a PEG ratio of 1.42 and a beta of 0.88. The firm has a 50 day moving average price of $50.62 and a 200 day moving average price of $54.87. Rush Enterprises, Inc. has a twelve month low of $40.99 and a twelve month high of $65.43.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last posted 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. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.86 billion. Rush Enterprises had a net margin of 3.76% and a return on equity of 13.82%. As a group, equities research analysts forecast that Rush Enterprises, Inc. will post 3.91 earnings per share for the current year.

Rush Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Monday, May 12th were issued a dividend of $0.18 per share. The ex-dividend date was Monday, May 12th. This represents a $0.72 annualized dividend and a yield of 1.45%. Rush Enterprises's dividend payout ratio (DPR) is 20.11%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Rush Enterprises from a "hold" rating to a "buy" rating in a report on Saturday. Stephens lowered their price target on Rush Enterprises from $63.00 to $61.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd.

Insider Buying and Selling

In other Rush Enterprises news, COO Jason Wilder sold 748 shares of the firm'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 transaction of $41,947.84. Following the sale, the chief operating officer now owns 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 can be accessed through this link. Also, SVP Michael L. Goldstone sold 4,500 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $52.10, for a total transaction 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. This trade represents 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. Company insiders own 12.28% of the company's stock.

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.