American Century Companies Inc. Has $62.74 Million Stock Holdings in Rush Enterprises, Inc. $RUSHA

American Century Companies Inc. increased its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 38.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,173,429 shares of the company’s stock after purchasing an additional 326,917 shares during the quarter. American Century Companies Inc. owned approximately 1.51% of Rush Enterprises worth $62,743,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. California State Teachers Retirement System raised its stake in Rush Enterprises by 0.4% in the second quarter. California State Teachers Retirement System now owns 57,375 shares of the company’s stock valued at $2,955,000 after buying an additional 208 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Rush Enterprises by 8.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,969 shares of the company’s stock worth $159,000 after acquiring an additional 219 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in Rush Enterprises by 3.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,392 shares of the company’s stock valued at $329,000 after acquiring an additional 237 shares during the period. Corbyn Investment Management Inc. MD lifted its holdings in Rush Enterprises by 0.9% during the 2nd quarter. Corbyn Investment Management Inc. MD now owns 28,058 shares of the company’s stock valued at $1,445,000 after purchasing an additional 257 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its position in Rush Enterprises by 0.3% during the second quarter. CANADA LIFE ASSURANCE Co now owns 87,139 shares of the company’s stock worth $4,489,000 after purchasing an additional 269 shares during the period. Institutional investors and hedge funds own 84.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of Rush Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Zacks Research raised shares of Rush Enterprises from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. Weiss Ratings upgraded shares of Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 25th. UBS Group reaffirmed a “neutral” rating and issued a $73.00 target price (up from $70.00) on shares of Rush Enterprises in a research report on Wednesday, February 18th. Finally, Stephens reiterated an “overweight” rating and set a $80.00 target price (up from $55.00) on shares of Rush Enterprises in a research note on Thursday, February 19th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $76.50.

Rush Enterprises Trading Down 0.7%

RUSHA opened at $71.31 on Thursday. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 21.81, a P/E/G ratio of 0.88 and a beta of 0.91. The company has a quick ratio of 0.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.16. Rush Enterprises, Inc. has a twelve month low of $45.67 and a twelve month high of $75.99. The company has a 50-day simple moving average of $65.00 and a 200 day simple moving average of $57.58.

Rush Enterprises (NASDAQ:RUSHA) last released its earnings results on Tuesday, February 17th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.69 by $0.12. Rush Enterprises had a net margin of 3.55% and a return on equity of 11.96%. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.72 billion. Analysts predict that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Tuesday, March 3rd will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, March 3rd. Rush Enterprises’s payout ratio is currently 23.24%.

Insiders Place Their Bets

In other news, Director Michael Mcroberts sold 8,000 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $70.81, for a total transaction of $566,480.00. Following the completion of the transaction, the director owned 16,229 shares of the company’s stock, valued at approximately $1,149,175.49. The trade was a 33.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael L. Goldstone sold 4,500 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $71.86, for a total value of $323,370.00. Following the sale, the senior vice president owned 12,590 shares of the company’s stock, valued at approximately $904,717.40. This represents a 26.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 23,750 shares of company stock worth $1,698,950 over the last three months. Insiders own 12.28% of the company’s stock.

Rush Enterprises Company Profile

Rush Enterprises, Inc, headquartered in New Braunfels, Texas, is a leading distributor of commercial vehicles and related products in the United States. Through its Rush Truck Centers subsidiary, the company sells new and used medium- and heavy-duty trucks, buses and specialty vehicles, while also offering factory-authorized parts, collision repair, maintenance and warranty support across its network of dealerships.

Founded in 1965, Rush Enterprises has grown to encompass more than 150 locations in over 20 states, partnering with major manufacturers including Kenworth, Peterbilt, Freightliner, Volvo and Mack.