Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. lifted its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 49.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,915,478 shares of the company's stock after acquiring an additional 2,274,689 shares during the period. Vanguard Group Inc. owned 8.70% of Rush Enterprises worth $282,359,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Ameritas Investment Partners Inc. raised its position in shares of Rush Enterprises by 6.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,431 shares of the company's stock worth $208,000 after acquiring an additional 193 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Rush Enterprises by 1.6% in the second quarter. Franklin Resources Inc. now owns 13,033 shares of the company's stock worth $792,000 after buying an additional 201 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of Rush Enterprises by 5.4% in the first quarter. Mackenzie Financial Corp now owns 4,309 shares of the company's stock worth $219,000 after buying an additional 222 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Rush Enterprises by 1.8% in the first quarter. LPL Financial LLC now owns 16,600 shares of the company's stock worth $906,000 after buying an additional 297 shares during the last quarter. Finally, MetLife Investment Management LLC raised its holdings in shares of Rush Enterprises by 1.8% in the second quarter. MetLife Investment Management LLC now owns 22,089 shares of the company's stock worth $1,342,000 after buying an additional 382 shares during the last quarter. 84.43% of the stock is owned by institutional investors.

Rush Enterprises Stock Performance

RUSHA stock traded up $0.53 during midday trading on Friday, hitting $53.52. 276,740 shares of the stock traded hands, compared to its average volume of 343,235. The firm has a market cap of $4.17 billion, a P/E ratio of 12.93, a PEG ratio of 1.24 and a beta of 1.01. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.35 and a quick ratio of 0.27. The stock's fifty day simple moving average is $47.91 and its 200-day simple moving average is $43.56. Rush Enterprises, Inc. has a 1-year low of $33.37 and a 1-year high of $53.72.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last announced its earnings results on Tuesday, February 13th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.11. Rush Enterprises had a net margin of 4.38% and a return on equity of 18.44%. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the business earned $1.16 earnings per share. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. On average, analysts expect that Rush Enterprises, Inc. will post 2.85 earnings per share for the current year.

Rush Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Tuesday, February 27th were given a $0.17 dividend. The ex-dividend date was Monday, February 26th. This represents a $0.68 annualized dividend and a dividend yield of 1.27%. Rush Enterprises's dividend payout ratio (DPR) is 16.43%.

Insider Activity

In related news, SVP Jody Pollard sold 11,250 shares of the business's stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $48.28, for a total transaction of $543,150.00. Following the transaction, the senior vice president now directly owns 2,777 shares in the company, valued at $134,073.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 17.10% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on RUSHA. Stephens reaffirmed an "overweight" rating and issued a $58.00 price target on shares of Rush Enterprises in a report on Wednesday, February 14th. StockNews.com cut shares of Rush Enterprises from a "buy" rating to a "hold" rating in a report on Monday, January 1st.

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.