Vaughan Nelson Investment Management L.P. Buys 79,499 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Vaughan Nelson Investment Management L.P. lifted its position in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 6.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,302,218 shares of the company's stock after buying 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.

Other institutional investors have also added to or reduced their stakes in the company. Global Alpha Capital Management Ltd. boosted its stake in shares of Rush Enterprises by 2.0% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 789,190 shares of the company's stock worth $43,240,000 after acquiring an additional 15,200 shares during the period. Point72 Asset Management L.P. bought a new position in Rush Enterprises during the fourth quarter worth $581,000. Natixis Advisors LLC increased its holdings in shares of Rush Enterprises by 4.9% in the fourth quarter. Natixis Advisors LLC now owns 247,586 shares of the company's stock valued at $13,566,000 after purchasing an additional 11,658 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Rush Enterprises by 724.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 91,683 shares of the company's stock valued at $5,026,000 after purchasing an additional 80,562 shares during the period. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Rush Enterprises during the 4th quarter worth about $5,760,000. 84.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Rush Enterprises

In related news, SVP Michael L. Goldstone sold 4,500 shares of the stock in a transaction that occurred 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 sale, the senior vice president now owns 12,510 shares in the company, valued at approximately $651,771. This trade represents a 26.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jason Wilder sold 483 shares of the business's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $56.39, for a total transaction of $27,236.37. Following the transaction, the chief operating officer now owns 85,420 shares of the company's stock, valued at approximately $4,816,833.80. This represents a 0.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,731 shares of company stock worth $303,634. Company insiders own 12.28% of the company's stock.

Rush Enterprises Stock Down 2.9%

RUSHA opened at $49.72 on Friday. The stock has a fifty day moving average of $50.68 and a 200-day moving average of $55.03. The company has a market capitalization of $3.87 billion, a P/E ratio of 13.33, a P/E/G ratio of 1.04 and a beta of 0.89. Rush Enterprises, Inc. has a fifty-two week low of $40.99 and a fifty-two week 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.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last issued 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. The business had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.86 billion. Rush Enterprises had a net margin of 3.90% and a return on equity of 14.76%. On average, equities analysts expect that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Monday, May 12th were given a $0.18 dividend. The ex-dividend date was Monday, May 12th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.45%. Rush Enterprises's payout ratio is 20.11%.

Analyst Ratings Changes

A number of research analysts recently commented on RUSHA shares. Stephens decreased their price target on shares of Rush Enterprises from $63.00 to $61.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Wall Street Zen raised Rush Enterprises from a "hold" rating to a "buy" rating in a research report on Saturday.

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.

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