Nuveen Asset Management LLC Lowers Stock Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Nuveen Asset Management LLC trimmed its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 180,366 shares of the company’s stock after selling 1,670 shares during the period. Nuveen Asset Management LLC owned 0.23% of Rush Enterprises worth $9,882,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC lifted its stake in shares of Rush Enterprises by 217.5% in the third quarter. Barclays PLC now owns 114,759 shares of the company’s stock worth $6,063,000 after acquiring an additional 78,616 shares in the last quarter. Nilsine Partners LLC lifted its position in Rush Enterprises by 3.3% in the 4th quarter. Nilsine Partners LLC now owns 47,624 shares of the company’s stock valued at $2,609,000 after purchasing an additional 1,524 shares during the last quarter. EMC Capital Management grew its holdings in Rush Enterprises by 82.6% in the 4th quarter. EMC Capital Management now owns 9,603 shares of the company’s stock worth $526,000 after buying an additional 4,345 shares in the last quarter. Costello Asset Management INC increased its holdings in shares of Rush Enterprises by 3,793.9% during the fourth 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. Finally, Jennison Associates LLC raised its position in shares of Rush Enterprises by 1,398.4% during 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 in the last quarter. Institutional investors and hedge funds own 84.43% of the company’s stock.

Insider Buying and Selling

In other Rush Enterprises news, SVP Michael L. Goldstone sold 4,500 shares of Rush Enterprises stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $52.10, for a total value of $234,450.00. Following the sale, the senior vice president now owns 12,510 shares of the company’s stock, valued at $651,771. This trade represents a 26.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Jason Wilder sold 748 shares of the business’s stock in a transaction on Monday, May 19th. The stock was sold at an average price of $56.08, for a total transaction of $41,947.84. Following the completion of the sale, the chief operating officer now directly owns 84,672 shares in the company, valued at approximately $4,748,405.76. This represents a 0.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,731 shares of company stock valued at $303,634 over the last quarter. Corporate insiders own 12.28% of the company’s stock.

Rush Enterprises Trading Up 2.4%

Shares of NASDAQ RUSHA opened at $50.08 on Wednesday. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of 13.43, a PEG ratio of 1.04 and a beta of 0.94. The business has a 50 day simple moving average of $51.51 and a 200 day simple moving average of $56.01. 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, Inc. has a 52 week low of $40.99 and a 52 week high of $65.43.

Rush Enterprises (NASDAQ:RUSHA) last released its earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.86 billion. On average, research analysts predict that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Monday, May 12th will be given a dividend of $0.18 per share. The ex-dividend date is Monday, May 12th. This represents a $0.72 annualized dividend and a dividend yield of 1.44%. Rush Enterprises’s dividend payout ratio (DPR) is currently 20.11%.

Analyst Ratings Changes

Separately, Stephens cut 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 note on Friday, May 2nd.

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.