Northern Trust Corp Increases Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Northern Trust Corp raised its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 785,283 shares of the company's stock after purchasing an additional 43,437 shares during the period. Northern Trust Corp owned 0.99% of Rush Enterprises worth $43,026,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Barclays PLC increased its holdings in shares of Rush Enterprises by 217.5% in the 3rd quarter. Barclays PLC now owns 114,759 shares of the company's stock valued at $6,063,000 after acquiring an additional 78,616 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Rush Enterprises during the 3rd quarter valued at $64,000. GAMMA Investing LLC grew its position 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 buying an additional 192 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in Rush Enterprises by 1.1% during the fourth 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. Finally, Inspire Investing LLC boosted its position in shares of Rush Enterprises by 181.1% during the 4th quarter. Inspire Investing LLC now owns 21,960 shares of the company's stock valued at $1,203,000 after purchasing an additional 14,149 shares in the last quarter. 84.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Rush Enterprises

In other news, Director Michael Mcroberts sold 4,000 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $58.52, for a total value of $234,080.00. Following the completion of the transaction, the director now directly owns 15,771 shares in the company, valued at approximately $922,918.92. The trade was a 20.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jody Pollard sold 11,250 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $56.43, for a total transaction of $634,837.50. Following the transaction, the senior vice president now owns 3,117 shares of the company's stock, valued at approximately $175,892.31. This represents a 78.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.28% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Stephens lowered 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 report on Friday, May 2nd.

Rush Enterprises Stock Performance

Shares of RUSHA stock traded down $0.54 during mid-day trading on Friday, reaching $48.21. The stock had a trading volume of 325,103 shares, compared to its average volume of 374,455. The firm has a market cap of $3.82 billion, a PE ratio of 12.92, a P/E/G ratio of 1.04 and a beta of 0.94. 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, Inc. has a one year low of $40.99 and a one year high of $65.43. The firm's 50 day simple moving average is $52.37 and its 200 day simple moving average is $56.65.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.01. The firm had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.86 billion. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. On average, analysts forecast that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Monday, May 12th will be issued a $0.18 dividend. The ex-dividend date is Monday, May 12th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.49%. Rush Enterprises's dividend payout ratio (DPR) is 20.11%.

Rush Enterprises Company 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.