First Trust Advisors LP Sells 51,310 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

First Trust Advisors LP trimmed its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 25.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 152,119 shares of the company's stock after selling 51,310 shares during the period. First Trust Advisors LP owned approximately 0.19% of Rush Enterprises worth $8,335,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Global Alpha Capital Management Ltd. increased its holdings in shares of Rush Enterprises by 2.0% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 789,190 shares of the company's stock valued at $43,240,000 after acquiring an additional 15,200 shares in the last quarter. Costello Asset Management INC grew its position in Rush Enterprises by 3,793.9% in the 4th quarter. Costello Asset Management INC now owns 42,833 shares of the company's stock valued at $2,347,000 after purchasing an additional 41,733 shares during the period. Natixis Advisors LLC increased its stake in Rush Enterprises by 4.9% during the 4th quarter. Natixis Advisors LLC now owns 247,586 shares of the company's stock valued at $13,566,000 after purchasing an additional 11,658 shares in the last quarter. EMC Capital Management raised its holdings in Rush Enterprises by 82.6% during the fourth quarter. EMC Capital Management now owns 9,603 shares of the company's stock worth $526,000 after buying an additional 4,345 shares during the last quarter. Finally, Strategic Financial Concepts LLC bought a new position in shares of Rush Enterprises in the fourth quarter valued at $5,760,000. Institutional investors own 84.43% of the company's stock.

Insiders Place Their Bets

In other Rush Enterprises news, SVP Jody Pollard sold 11,250 shares of Rush Enterprises stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $56.43, for a total value 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael Mcroberts sold 4,000 shares of the business'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 completion of the transaction, the director now owns 15,771 shares in the company, valued at approximately $922,918.92. The trade was a 20.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.28% of the stock is currently owned by insiders.

Rush Enterprises Stock Down 0.3 %

Shares of RUSHA stock traded down $0.15 during trading hours on Friday, reaching $50.55. The company had a trading volume of 539,515 shares, compared to its average volume of 370,512. The company has a market cap of $4.01 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 1.04 and a beta of 0.96. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.45 and a quick ratio of 0.28. Rush Enterprises, Inc. has a 12 month low of $40.99 and a 12 month high of $65.43. The business has a fifty day simple moving average of $53.27 and a 200-day simple moving average of $56.79.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. The business had revenue of $1.85 billion for 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, research analysts expect that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Monday, May 12th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Monday, May 12th. Rush Enterprises's dividend payout ratio (DPR) is presently 20.11%.

Analyst Ratings Changes

Separately, Stephens decreased their target price on shares of Rush Enterprises from $63.00 to $61.00 and set an "overweight" rating for the company in a research report on Friday.

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.