Rush Enterprises, Inc. (NASDAQ:RUSHA) Stock Holdings Increased by Sei Investments Co.

Sei Investments Co. boosted its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 19.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 117,070 shares of the company’s stock after purchasing an additional 18,999 shares during the period. Sei Investments Co. owned approximately 0.15% of Rush Enterprises worth $4,902,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Rush Enterprises by 6.1% in the 4th quarter. Vanguard Group Inc. now owns 7,336,456 shares of the company’s stock worth $369,024,000 after purchasing an additional 420,978 shares in the last quarter. UniSuper Management Pty Ltd acquired a new stake in shares of Rush Enterprises during the first quarter valued at approximately $612,000. Edgestream Partners L.P. acquired a new stake in shares of Rush Enterprises during the first quarter valued at approximately $898,000. Janney Montgomery Scott LLC purchased a new stake in shares of Rush Enterprises in the 1st quarter valued at approximately $625,000. Finally, Wasatch Advisors LP boosted its stake in Rush Enterprises by 27.6% in the 4th quarter. Wasatch Advisors LP now owns 412,335 shares of the company’s stock worth $20,740,000 after purchasing an additional 89,184 shares during the period. 84.43% of the stock is currently owned by institutional investors.

Insider Activity at Rush Enterprises

In other news, CEO William M. Rusty Rush sold 40,000 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $53.81, for a total transaction of $2,152,400.00. Following the transaction, the chief executive officer now owns 174,154 shares in the company, valued at approximately $9,371,226.74. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Rush Enterprises news, CEO William M. Rusty Rush sold 40,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $53.81, for a total value of $2,152,400.00. Following the completion of the sale, the chief executive officer now owns 174,154 shares of the company’s stock, valued at $9,371,226.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Michael Mcroberts sold 12,500 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $50.72, for a total value of $634,000.00. Following the transaction, the chief operating officer now directly owns 15,220 shares in the company, valued at approximately $771,958.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 64,875 shares of company stock valued at $3,422,554. 12.53% of the stock is currently owned by corporate insiders.

Rush Enterprises Trading Down 1.8 %

Shares of NASDAQ RUSHA opened at $51.90 on Wednesday. The business has a 50-day moving average price of $51.24 and a two-hundred day moving average price of $48.02. The company has a current ratio of 1.40, a quick ratio of 0.28 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $4.09 billion, a PE ratio of 13.12, a PEG ratio of 2.01 and a beta of 1.01. Rush Enterprises, Inc. has a one year low of $34.68 and a one year high of $56.64.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.20. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.86 billion. Rush Enterprises had a net margin of 3.90% and a return on equity of 15.85%. Rush Enterprises’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.17 earnings per share. As a group, analysts predict that Rush Enterprises, Inc. will post 3.44 earnings per share for the current fiscal year.

Rush Enterprises Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 13th were issued a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $0.72 dividend on an annualized basis and a yield of 1.39%. This is an increase from Rush Enterprises’s previous quarterly dividend of $0.17. Rush Enterprises’s dividend payout ratio is currently 18.20%.

Wall Street Analysts Forecast Growth

Separately, Stephens assumed coverage on shares of Rush Enterprises in a research note on Monday, July 8th. They set an “overweight” rating on the stock.

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.