Price T Rowe Associates Inc. MD Sells 38,508 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Price T Rowe Associates Inc. MD cut its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 46.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,800 shares of the company's stock after selling 38,508 shares during the period. Price T Rowe Associates Inc. MD owned 0.06% of Rush Enterprises worth $2,400,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of RUSHA. Commonwealth Equity Services LLC raised 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 valued at $613,000 after acquiring an additional 186 shares during the period. GAMMA Investing LLC boosted its stake in Rush Enterprises by 24.4% in the 4th quarter. GAMMA Investing LLC now owns 979 shares of the company's stock valued at $54,000 after purchasing an additional 192 shares during the period. Louisiana State Employees Retirement System lifted its holdings in shares of Rush Enterprises by 0.7% during the fourth quarter. Louisiana State Employees Retirement System now owns 30,100 shares of the company's stock worth $1,649,000 after buying an additional 200 shares in the last quarter. Summit Investment Advisors Inc. grew its stake in shares of 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 acquiring an additional 202 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in shares of Rush Enterprises by 1.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 32,516 shares of the company's stock worth $1,782,000 after purchasing an additional 345 shares in the last quarter. Institutional investors own 84.43% of the company's stock.

Rush Enterprises Trading Up 3.6%

NASDAQ RUSHA traded up $1.73 on Monday, hitting $49.76. The company's stock had a trading volume of 48,556 shares, compared to its average volume of 373,268. The company's 50-day moving average is $52.37 and its 200 day moving average is $56.65. The firm has a market cap of $3.94 billion, a PE ratio of 13.39, a PEG ratio of 1.04 and a beta of 0.94. Rush Enterprises, Inc. has a 1-year low of $40.99 and a 1-year high of $65.43. The company has a quick ratio of 0.28, a current ratio of 1.45 and a debt-to-equity ratio of 0.23.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last announced 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 return on equity of 14.76% and a net margin of 3.90%. The firm had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.86 billion. As a group, analysts predict that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Monday, May 12th will be paid a dividend of $0.18 per share. The ex-dividend date is Monday, May 12th. This represents a $0.72 annualized dividend and a yield of 1.45%. Rush Enterprises's dividend payout ratio is currently 20.11%.

Analyst Ratings Changes

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

Insider Transactions at Rush Enterprises

In related news, SVP Jody Pollard sold 11,250 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $56.43, for a total transaction of $634,837.50. Following the sale, the senior vice president now directly owns 3,117 shares of the company's stock, valued at approximately $175,892.31. This represents a 78.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael Mcroberts sold 4,000 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $58.52, for a total transaction of $234,080.00. Following the transaction, the director now owns 15,771 shares in the company, valued at $922,918.92. This represents a 20.23% decrease in their position. The disclosure for this sale can be found here. Insiders own 12.28% of the company's stock.

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.