Vanguard Personalized Indexing Management LLC Decreases Stock Holdings in Rush Enterprises, Inc. $RUSHA

Vanguard Personalized Indexing Management LLC lowered its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 8.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,139 shares of the company’s stock after selling 395 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Rush Enterprises were worth $214,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. boosted its stake in Rush Enterprises by 1.9% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,218,650 shares of the company’s stock worth $118,499,000 after purchasing an additional 41,407 shares during the period. Jennison Associates LLC lifted its position in shares of Rush Enterprises by 73.3% during the first quarter. Jennison Associates LLC now owns 882,911 shares of the company’s stock worth $47,156,000 after purchasing an additional 373,531 shares during the last quarter. Northern Trust Corp lifted its position in shares of Rush Enterprises by 12.0% during the first quarter. Northern Trust Corp now owns 879,554 shares of the company’s stock worth $46,977,000 after purchasing an additional 94,271 shares during the last quarter. Global Alpha Capital Management Ltd. lifted its position in shares of Rush Enterprises by 2.3% during the first quarter. Global Alpha Capital Management Ltd. now owns 807,290 shares of the company’s stock worth $43,117,000 after purchasing an additional 18,100 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Rush Enterprises by 1.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 750,974 shares of the company’s stock worth $40,110,000 after purchasing an additional 7,979 shares during the last quarter. 84.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on RUSHA shares. Wall Street Zen lowered Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Stephens reissued an “overweight” rating on shares of Rush Enterprises in a report on Monday, August 4th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Rush Enterprises in a report on Saturday. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $61.00.

Insider Activity

In other news, SVP Michael L. Goldstone sold 4,500 shares of the business’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 completion of the sale, the senior vice president directly owned 12,510 shares in the company, valued at $716,197.50. The trade was a 26.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Mcroberts sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $54.64, for a total value of $327,840.00. Following the completion of the sale, the director owned 15,771 shares of the company’s stock, valued at $861,727.44. This trade represents a 27.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,480 shares of company stock worth $862,104 over the last three months. 12.28% of the stock is currently owned by corporate insiders.

Rush Enterprises Trading Down 0.3%

Shares of NASDAQ:RUSHA opened at $50.61 on Friday. Rush Enterprises, Inc. has a 12-month low of $47.06 and a 12-month high of $65.43. The company has a market capitalization of $3.94 billion, a PE ratio of 14.42, a PEG ratio of 1.45 and a beta of 0.89. The business has a 50 day moving average of $54.93 and a two-hundred day moving average of $53.01. The company has a current ratio of 1.39, a quick ratio of 0.32 and a debt-to-equity ratio of 0.23.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings results on Thursday, May 20th. The company reported $0.79 earnings per share (EPS) for the quarter. Rush Enterprises had a return on equity of 13.29% and a net margin of 3.73%.The company had revenue of $1.23 billion during the quarter. As a group, analysts forecast that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, August 12th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from Rush Enterprises’s previous quarterly dividend of $0.18. The ex-dividend date was Tuesday, August 12th. Rush Enterprises’s dividend payout ratio (DPR) is presently 21.65%.

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.