Wells Fargo & Company MN Has $2.03 Million Stock Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Wells Fargo & Company MN increased its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 25.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,112 shares of the company's stock after buying an additional 7,483 shares during the quarter. Wells Fargo & Company MN's holdings in Rush Enterprises were worth $2,033,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of RUSHA. Commonwealth Equity Services LLC boosted its holdings in shares of 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 buying an additional 186 shares during the last quarter. GAMMA Investing LLC raised its position in Rush Enterprises by 24.4% during the fourth quarter. GAMMA Investing LLC now owns 979 shares of the company's stock worth $54,000 after acquiring an additional 192 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in Rush Enterprises by 0.7% in the fourth quarter. Louisiana State Employees Retirement System now owns 30,100 shares of the company's stock valued at $1,649,000 after acquiring an additional 200 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake 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 during the last quarter. Finally, QRG Capital Management Inc. lifted its stake in Rush Enterprises by 4.3% in the 4th quarter. QRG Capital Management Inc. now owns 14,142 shares of the company's stock valued at $775,000 after purchasing an additional 578 shares during the last quarter. Institutional investors and hedge funds own 84.43% of the company's stock.

Wall Street Analyst Weigh In

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.

Insiders Place Their Bets

In other Rush Enterprises news, SVP Jody Pollard sold 11,250 shares of the business's 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 completion of the transaction, the senior vice president now directly owns 3,117 shares in the company, valued at $175,892.31. The trade was a 78.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Mcroberts sold 4,000 shares of the firm's stock in a transaction 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. This represents a 20.23 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.28% of the company's stock.

Rush Enterprises Stock Performance

Shares of NASDAQ:RUSHA traded down $0.50 during trading on Thursday, reaching $50.50. 171,660 shares of the stock were exchanged, compared to its average volume of 368,522. Rush Enterprises, Inc. has a 12 month low of $40.99 and a 12 month high of $65.43. The stock has a 50-day moving average price of $53.49 and a 200-day moving average price of $56.75. The company has a current ratio of 1.45, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The firm has a market cap of $4.00 billion, a PE ratio of 13.52, a PEG ratio of 1.04 and a beta of 0.96.

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 (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.86 billion. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. Research analysts expect that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 3rd were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Monday, March 3rd. Rush Enterprises's dividend payout ratio is 20.11%.

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.