Victory Capital Management Inc. Grows Position in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Victory Capital Management Inc. boosted its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 41.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 181,149 shares of the company's stock after buying an additional 52,689 shares during the period. Victory Capital Management Inc. owned approximately 0.23% of Rush Enterprises worth $9,675,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Commonwealth Equity Services LLC boosted its stake in Rush Enterprises by 1.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 11,183 shares of the company's stock worth $613,000 after purchasing an additional 186 shares during the period. Summit Investment Advisors Inc. grew its position in Rush Enterprises by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,365 shares of the company's stock valued at $349,000 after purchasing an additional 202 shares in the last quarter. GAMMA Investing LLC grew its position in Rush Enterprises by 29.4% in the first quarter. GAMMA Investing LLC now owns 1,267 shares of the company's stock valued at $68,000 after purchasing an additional 288 shares in the last quarter. Illinois Municipal Retirement Fund grew its position in Rush Enterprises by 1.8% in the first quarter. Illinois Municipal Retirement Fund now owns 33,792 shares of the company's stock valued at $1,805,000 after purchasing an additional 607 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Rush Enterprises by 121.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the company's stock valued at $62,000 after purchasing an additional 616 shares in the last quarter. 84.43% of the stock is currently owned by institutional investors and hedge funds.

Rush Enterprises Stock Up 1.1%

Rush Enterprises stock traded up $0.57 during mid-day trading on Friday, reaching $54.82. The stock had a trading volume of 280,619 shares, compared to its average volume of 469,412. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 1.53 and a beta of 0.88. The company has a 50-day moving average price of $51.48 and a two-hundred day moving average price of $53.88. Rush Enterprises, Inc. has a one year low of $46.30 and a one year high of $65.43. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.44 and a quick ratio of 0.32.

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

Rush Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Monday, May 12th were given a dividend of $0.18 per share. The ex-dividend date was Monday, May 12th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.31%. Rush Enterprises's dividend payout ratio is currently 20.11%.

Insider Buying and Selling

In other Rush Enterprises news, COO Jason Wilder sold 748 shares of the stock in a transaction 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 sale, the chief operating officer owned 84,672 shares in the company, valued at $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 SEC, which is available at this hyperlink. Also, SVP Michael L. Goldstone sold 4,500 shares of the stock in a transaction 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 completion of the sale, the senior vice president owned 12,510 shares in the company, valued at approximately $651,771. The trade was a 26.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,731 shares of company stock valued at $303,634 over the last quarter. Corporate insiders own 12.28% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on RUSHA. Wall Street Zen lowered shares of Rush Enterprises from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. 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 report on Friday, May 2nd.

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.