Dimensional Fund Advisors LP raised its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 0.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,765,604 shares of the company's stock after acquiring an additional 32,091 shares during the period. Dimensional Fund Advisors LP owned approximately 6.00% of Rush Enterprises worth $239,704,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of RUSHA. Vanguard Group Inc. raised its position in Rush Enterprises by 49.0% in the third quarter. Vanguard Group Inc. now owns 6,915,478 shares of the company's stock worth $282,359,000 after acquiring an additional 2,274,689 shares during the period. Wellington Management Group LLP lifted its position in Rush Enterprises by 49.2% during the third quarter. Wellington Management Group LLP now owns 6,193,077 shares of the company's stock valued at $252,863,000 after purchasing an additional 2,041,125 shares in the last quarter. FMR LLC grew its holdings in Rush Enterprises by 51.7% during the third quarter. FMR LLC now owns 3,581,306 shares of the company's stock valued at $146,225,000 after purchasing an additional 1,220,003 shares during the period. JPMorgan Chase & Co. increased its position in Rush Enterprises by 41.7% in the third quarter. JPMorgan Chase & Co. now owns 2,531,048 shares of the company's stock worth $103,343,000 after buying an additional 744,310 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Rush Enterprises by 52.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 965,654 shares of the company's stock worth $39,428,000 after buying an additional 331,041 shares during the period. Institutional investors own 84.43% of the company's stock.
Insider Transactions at Rush Enterprises
In other news, SVP Jason Wilder sold 11,250 shares of the company's stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $46.23, for a total value of $520,087.50. Following the completion of the sale, the senior vice president now owns 534 shares of the company's stock, valued at approximately $24,686.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 12.53% of the company's stock.
Rush Enterprises Price Performance
Shares of Rush Enterprises stock traded down $0.48 during trading hours on Tuesday, reaching $45.41. The company's stock had a trading volume of 182,318 shares, compared to its average volume of 373,494. The firm has a 50 day moving average price of $48.80 and a 200-day moving average price of $45.46. Rush Enterprises, Inc. has a one year low of $34.53 and a one year high of $53.78. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.43 and a quick ratio of 0.28. The stock has a market cap of $3.54 billion, a P/E ratio of 11.48, a P/E/G ratio of 1.07 and a beta of 1.07.
Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The company reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.08. The business had revenue of $1.87 billion for the quarter. Rush Enterprises had a net margin of 4.16% and a return on equity of 17.16%. During the same quarter in the prior year, the company earned $1.07 earnings per share. On average, analysts predict that Rush Enterprises, Inc. will post 2.92 EPS for the current year.
Rush Enterprises Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 9th will be given a $0.17 dividend. The ex-dividend date is Wednesday, May 8th. This represents a $0.68 annualized dividend and a dividend yield of 1.50%. Rush Enterprises's payout ratio is presently 17.19%.
Wall Street Analyst Weigh In
Separately, Stephens reissued an "overweight" rating and issued a $60.00 price target on shares of Rush Enterprises in a report on Wednesday, April 24th.
Read Our Latest Analysis on RUSHA
About Rush Enterprises
(
Free Report)
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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