Janus Henderson Group PLC Has $18.03 Million Stock Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Janus Henderson Group PLC grew its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 6.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 329,027 shares of the company's stock after purchasing an additional 20,823 shares during the quarter. Janus Henderson Group PLC owned approximately 0.42% of Rush Enterprises worth $18,028,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in RUSHA. Smartleaf Asset Management LLC grew its holdings in Rush Enterprises by 475.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 851 shares of the company's stock valued at $46,000 after purchasing 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 4th quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the company's stock valued at $62,000 after buying an additional 616 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Rush Enterprises by 71.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,435 shares of the company's stock valued at $79,000 after buying an additional 596 shares in the last quarter. Sterling Capital Management LLC grew 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 valued at $107,000 after acquiring an additional 1,751 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in Rush Enterprises during the fourth quarter valued at $179,000. 84.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Stephens dropped their price target on shares of Rush Enterprises from $63.00 to $61.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd.

Insider Transactions at Rush Enterprises

In other news, COO Jason Wilder sold 748 shares of the firm's 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 completion of the sale, the chief operating officer now owns 84,672 shares of the company's stock, valued at $4,748,405.76. This trade represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jody Pollard sold 11,250 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $56.43, for a total value of $634,837.50. Following the sale, the senior vice president now directly owns 3,117 shares of the company's stock, valued at $175,892.31. This trade represents a 78.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,981 shares of company stock worth $1,172,552 in the last three months. 12.28% of the stock is currently owned by company insiders.

Rush Enterprises Stock Performance

Rush Enterprises stock traded down $1.01 during trading hours on Wednesday, reaching $50.58. 98,409 shares of the stock were exchanged, compared to its average volume of 381,443. 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 firm's 50 day moving average is $51.94 and its 200 day moving average is $56.43. Rush Enterprises, Inc. has a 52-week low of $40.99 and a 52-week high of $65.43. The stock has a market cap of $3.94 billion, a P/E ratio of 13.56, a P/E/G ratio of 1.04 and a beta of 0.94.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.73 EPS for the quarter, beating 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 analysts' expectations of $1.86 billion. Analysts predict that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Monday, May 12th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Monday, May 12th. Rush Enterprises's dividend payout ratio is currently 20.11%.

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.