Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its position in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 6.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,339,548 shares of the company's stock after selling 307,807 shares during the quarter. Dimensional Fund Advisors LP owned 5.49% of Rush Enterprises worth $237,763,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Vaughan Nelson Investment Management L.P. grew its stake in Rush Enterprises by 3.1% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,222,719 shares of the company's stock valued at $66,993,000 after purchasing an additional 36,326 shares during the last quarter. Global Alpha Capital Management Ltd. grew its position in shares of Rush Enterprises by 2.0% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 789,190 shares of the company's stock worth $43,240,000 after buying an additional 15,200 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Rush Enterprises by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 742,995 shares of the company's stock worth $40,709,000 after buying an additional 26,254 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Rush Enterprises by 0.5% in the 4th quarter. Bank of New York Mellon Corp now owns 624,103 shares of the company's stock worth $34,195,000 after buying an additional 3,386 shares during the last quarter. Finally, Jennison Associates LLC grew its position in shares of Rush Enterprises by 1,398.4% in the 4th quarter. Jennison Associates LLC now owns 509,380 shares of the company's stock worth $27,909,000 after buying an additional 475,384 shares during the last quarter. 84.43% of the stock is currently owned by hedge funds and other institutional investors.

Rush Enterprises Stock Down 1.5 %

Shares of Rush Enterprises stock traded down $0.78 on Friday, reaching $51.48. The stock had a trading volume of 388,880 shares, compared to its average volume of 365,700. The company has a 50 day moving average price of $53.96 and a 200 day moving average price of $56.83. 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 1 year low of $40.99 and a 1 year high of $65.43. The stock has a market capitalization of $4.08 billion, a P/E ratio of 13.80, a P/E/G ratio of 1.04 and a beta of 0.96.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.09. The company had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $1.86 billion. Rush Enterprises had a net margin of 3.90% and a return on equity of 14.76%. As a group, equities research analysts forecast that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 3rd were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Monday, March 3rd. Rush Enterprises's dividend payout ratio (DPR) is presently 19.30%.

Insider Buying and Selling

In other Rush Enterprises news, Director Michael Mcroberts sold 4,000 shares of Rush Enterprises stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $58.52, for a total transaction of $234,080.00. Following the completion of the sale, 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 legal filing with the SEC, which is accessible through the SEC website. Also, SVP Jody Pollard sold 11,250 shares of Rush Enterprises stock in a transaction that occurred on 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 owns 3,117 shares of the company's stock, valued at approximately $175,892.31. The trade was 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 company insiders.

Analyst Upgrades and Downgrades

Separately, Stephens reaffirmed an "overweight" rating and issued a $69.00 price objective on shares of Rush Enterprises in a research report on Wednesday, February 19th.

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.