Vaughan Nelson Investment Management L.P. Purchases 32,100 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Vaughan Nelson Investment Management L.P. grew its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 786,252 shares of the company's stock after buying an additional 32,100 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 0.99% of Rush Enterprises worth $39,548,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Rush Enterprises by 49.0% in the 3rd quarter. Vanguard Group Inc. now owns 6,915,478 shares of the company's stock worth $282,359,000 after purchasing an additional 2,274,689 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Rush Enterprises by 49.2% in the 3rd quarter. Wellington Management Group LLP now owns 6,193,077 shares of the company's stock worth $252,863,000 after purchasing an additional 2,041,125 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Rush Enterprises by 25.0% in the 3rd quarter. BlackRock Inc. now owns 5,016,778 shares of the company's stock worth $220,037,000 after purchasing an additional 1,002,869 shares in the last quarter. FMR LLC raised its holdings in shares of Rush Enterprises by 51.7% in the 3rd quarter. FMR LLC now owns 3,581,306 shares of the company's stock worth $146,225,000 after purchasing an additional 1,220,003 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Rush Enterprises by 41.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,531,048 shares of the company's stock worth $103,343,000 after purchasing an additional 744,310 shares in the last quarter. 84.43% of the stock is currently owned by institutional investors.

Rush Enterprises Stock Up 0.3 %

RUSHA traded up $0.16 on Friday, reaching $52.10. 321,746 shares of the company traded hands, compared to its average volume of 327,539. The stock's 50 day moving average price is $48.60 and its 200-day moving average price is $44.03. Rush Enterprises, Inc. has a 52-week low of $33.37 and a 52-week high of $53.78. The company has a market cap of $4.06 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 1.09 and a beta of 1.02. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.35 and a quick ratio of 0.27.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last posted its earnings results on Tuesday, February 13th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.84 by $0.11. The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.88 billion. Rush Enterprises had a net margin of 4.38% and a return on equity of 18.44%. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.16 earnings per share. On average, sell-side analysts expect that Rush Enterprises, Inc. will post 3.19 EPS for the current fiscal year.

Rush Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Tuesday, February 27th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Monday, February 26th. Rush Enterprises's dividend payout ratio is 16.41%.

Insiders Place Their Bets

In other news, SVP Jody Pollard sold 11,250 shares of the business's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $48.28, for a total value of $543,150.00. Following the completion of the sale, the senior vice president now directly owns 2,777 shares in the company, valued at $134,073.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 17.10% of the company's stock.

Wall Street Analyst Weigh In

RUSHA has been the topic of a number of recent analyst reports. Stephens restated an "overweight" rating and set a $58.00 price target on shares of Rush Enterprises in a report on Wednesday, February 14th. StockNews.com lowered shares of Rush Enterprises from a "buy" rating to a "hold" rating in a report on Monday, January 1st.

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.