4,434 Shares in Rush Enterprises, Inc. (NASDAQ:RUSHA) Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management bought a new position in Rush Enterprises, Inc. (NASDAQ:RUSHA) in the first quarter, according to its most recent filing with the SEC. The firm bought 4,434 shares of the company’s stock, valued at approximately $237,000.

A number of other institutional investors also recently bought and sold shares of the stock. Vaughan Nelson Investment Management L.P. lifted its stake in Rush Enterprises by 6.5% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,302,218 shares of the company’s stock valued at $69,552,000 after acquiring an additional 79,499 shares during the period. Beck Mack & Oliver LLC lifted its stake in Rush Enterprises by 0.5% during the 4th quarter. Beck Mack & Oliver LLC now owns 1,073,567 shares of the company’s stock valued at $58,821,000 after acquiring an additional 5,823 shares during the period. Global Alpha Capital Management Ltd. lifted its stake in Rush Enterprises by 2.0% during the 4th 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 during the period. Northern Trust Corp lifted its stake in Rush Enterprises by 5.9% during the 4th quarter. Northern Trust Corp now owns 785,283 shares of the company’s stock valued at $43,026,000 after acquiring an additional 43,437 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Rush Enterprises by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 742,995 shares of the company’s stock valued at $40,709,000 after acquiring an additional 26,254 shares during the period. 84.43% of the stock is currently owned by institutional investors and hedge funds.

Rush Enterprises Stock Performance

RUSHA opened at $49.46 on Friday. The stock has a market cap of $3.85 billion, a P/E ratio of 13.82, a P/E/G ratio of 1.39 and a beta of 0.88. The firm has a fifty day moving average price of $50.42 and a 200 day moving average price of $54.66. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.44 and a quick ratio of 0.32. Rush Enterprises, Inc. has a 1 year low of $40.99 and a 1 year high of $65.43.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.86 billion. Rush Enterprises had a net margin of 3.76% and a return on equity of 13.82%. Equities research analysts anticipate 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 Thursday, June 12th. Investors of record on Monday, May 12th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.46%. The ex-dividend date was Monday, May 12th. Rush Enterprises’s payout ratio is presently 20.11%.

Insider Buying and Selling

In other news, COO Jason Wilder sold 483 shares of the company’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $56.39, for a total transaction of $27,236.37. Following the completion of the sale, the chief operating officer now owns 85,420 shares of the company’s stock, valued at $4,816,833.80. This represents a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Michael L. Goldstone sold 4,500 shares of the company’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $52.10, for a total transaction of $234,450.00. Following the sale, the senior vice president now directly owns 12,510 shares of the company’s stock, valued at $651,771. The trade was a 26.46% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,731 shares of company stock valued at $303,634. 12.28% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

RUSHA has been the subject of several research reports. Stephens decreased their price objective 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. Wall Street Zen upgraded shares of Rush Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, June 14th.

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.