Intech Investment Management LLC Buys 1,765 Shares of Rush Enterprises, Inc. $RUSHA

Intech Investment Management LLC boosted its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 5.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,321 shares of the company’s stock after acquiring an additional 1,765 shares during the quarter. Intech Investment Management LLC’s holdings in Rush Enterprises were worth $1,886,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of RUSHA. Jennison Associates LLC increased its position in Rush Enterprises by 73.3% during the first quarter. Jennison Associates LLC now owns 882,911 shares of the company’s stock valued at $47,156,000 after acquiring an additional 373,531 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Rush Enterprises during the fourth quarter valued at $10,628,000. Nuveen LLC purchased a new stake in Rush Enterprises during the first quarter valued at $9,667,000. Millennium Management LLC increased its position in Rush Enterprises by 116.5% during the fourth quarter. Millennium Management LLC now owns 299,038 shares of the company’s stock valued at $16,384,000 after acquiring an additional 160,922 shares during the last quarter. Finally, Jane Street Group LLC increased its position in Rush Enterprises by 605.6% during the first quarter. Jane Street Group LLC now owns 153,189 shares of the company’s stock valued at $8,182,000 after acquiring an additional 131,480 shares during the last quarter. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Insider Buying and Selling

In related news, COO Jason Wilder sold 4,980 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $55.55, for a total transaction of $276,639.00. Following the completion of the sale, the chief operating officer directly owned 79,692 shares of the company’s stock, valued at approximately $4,426,890.60. This trade represents a 5.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Michael L. Goldstone sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $57.25, for a total value of $257,625.00. Following the sale, the senior vice president directly owned 12,510 shares of the company’s stock, valued at $716,197.50. This represents a 26.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 15,480 shares of company stock valued at $862,104. Insiders own 12.28% of the company’s stock.

Rush Enterprises Price Performance

NASDAQ:RUSHA opened at $56.18 on Wednesday. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 1.58 and a beta of 0.88. Rush Enterprises, Inc. has a 1 year low of $47.06 and a 1 year high of $65.43. The business has a 50 day simple moving average of $55.66 and a 200-day simple moving average of $53.17. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.39 and a quick ratio of 0.32.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.10. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. Rush Enterprises had a return on equity of 13.29% and a net margin of 3.73%. Equities analysts forecast that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, August 12th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, August 12th. This is a positive change from Rush Enterprises’s previous quarterly dividend of $0.18. Rush Enterprises’s dividend payout ratio is 21.65%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Wall Street Zen cut Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Sunday, July 13th. Stephens restated an “overweight” rating on shares of Rush Enterprises in a research report on Monday, August 4th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $61.00.

Rush Enterprises Company 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.