T. Rowe Price Investment Management Inc. Trims Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

T. Rowe Price Investment Management Inc. lowered its position in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 6.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,177,243 shares of the company's stock after selling 162,191 shares during the quarter. T. Rowe Price Investment Management Inc. owned 2.75% of Rush Enterprises worth $119,292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its position in Rush Enterprises by 121.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the company's stock valued at $62,000 after purchasing an additional 616 shares during the period. MetLife Investment Management LLC increased its position in shares of Rush Enterprises by 4.4% during the fourth quarter. MetLife Investment Management LLC now owns 36,689 shares of the company's stock worth $2,010,000 after buying an additional 1,560 shares during the period. Beck Mack & Oliver LLC raised its stake in Rush Enterprises by 0.5% during the fourth quarter. Beck Mack & Oliver LLC now owns 1,073,567 shares of the company's stock worth $58,821,000 after buying an additional 5,823 shares during the last quarter. Epoch Investment Partners Inc. acquired a new position in Rush Enterprises in the fourth quarter valued at $412,000. Finally, CANADA LIFE ASSURANCE Co boosted its position in Rush Enterprises by 4.2% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 94,887 shares of the company's stock valued at $5,198,000 after acquiring an additional 3,833 shares during the last quarter. Institutional investors own 84.43% of the company's stock.

Rush Enterprises Stock Down 0.8 %

Shares of Rush Enterprises stock traded down $0.39 during trading hours on Wednesday, reaching $50.50. The company's stock had a trading volume of 212,199 shares, compared to its average volume of 367,950. The company has a market capitalization of $4.00 billion, a P/E ratio of 13.54, a P/E/G ratio of 1.04 and a beta of 0.96. The stock's fifty day simple moving average is $53.58 and its two-hundred day simple moving average is $56.79. Rush Enterprises, Inc. has a one year low of $40.99 and a one year high of $65.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.45.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.82 by $0.09. The firm had revenue of $2.01 billion for 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%. On average, research analysts forecast that Rush Enterprises, Inc. will post 3.91 earnings per share for the current year.

Rush Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend was Monday, March 3rd. Rush Enterprises's payout ratio is currently 19.30%.

Insider Activity

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 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 can be accessed through this hyperlink. Also, SVP Jody Pollard sold 11,250 shares of the business's 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 completion of the sale, the senior vice president now directly owns 3,117 shares of the company's stock, valued at approximately $175,892.31. This trade represents a 78.30 % decrease in their position. The disclosure for this sale can be found here. 12.28% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

About Rush Enterprises

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.