Dimensional Fund Advisors LP Sells 250,101 Shares of Rush Enterprises, Inc. $RUSHA

Dimensional Fund Advisors LP decreased its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 6.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 3,524,723 shares of the company’s stock after selling 250,101 shares during the period. Dimensional Fund Advisors LP’s holdings in Rush Enterprises were worth $233,015,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC boosted its stake in Rush Enterprises by 63.9% in the fourth quarter. SG Americas Securities LLC now owns 27,040 shares of the company’s stock valued at $1,459,000 after acquiring an additional 10,545 shares during the period. Hsbc Holdings PLC bought a new position in shares of Rush Enterprises during the fourth quarter valued at approximately $776,000. GW&K Investment Management LLC raised its position in shares of Rush Enterprises by 7.6% during the 4th quarter. GW&K Investment Management LLC now owns 350,952 shares of the company’s stock worth $18,930,000 after purchasing an additional 24,781 shares during the period. Cooke & Bieler LP lifted its holdings in shares of Rush Enterprises by 85.0% in the 4th quarter. Cooke & Bieler LP now owns 729,250 shares of the company’s stock worth $39,336,000 after purchasing an additional 335,019 shares during the last quarter. Finally, M&T Bank Corp lifted its holdings in shares of Rush Enterprises by 322.0% in the 4th quarter. M&T Bank Corp now owns 21,956 shares of the company’s stock worth $1,184,000 after purchasing an additional 16,753 shares during the last quarter. Institutional investors own 84.43% of the company’s stock.

Insider Activity at Rush Enterprises

In other news, Director Michael Mcroberts sold 8,000 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $72.23, for a total transaction of $577,840.00. Following the transaction, the director directly owned 16,229 shares of the company’s stock, valued at approximately $1,172,220.67. This trade represents a 33.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 12.68% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on RUSHA. Wall Street Zen lowered Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Sunday, June 14th. Weiss Ratings lowered Rush Enterprises from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, July 8th. UBS Group raised their target price on Rush Enterprises from $73.00 to $78.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Stephens reissued an “overweight” rating and set a $85.00 price target on shares of Rush Enterprises in a report on Tuesday, May 19th. Finally, Zacks Research upgraded shares of Rush Enterprises from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $83.67.

Rush Enterprises Stock Performance

Shares of NASDAQ RUSHA opened at $76.37 on Friday. The company has a current ratio of 1.46, a quick ratio of 0.37 and a debt-to-equity ratio of 0.16. The stock has a 50 day simple moving average of $71.38 and a 200-day simple moving average of $69.05. The company has a market cap of $5.93 billion, a PE ratio of 23.07, a P/E/G ratio of 1.69 and a beta of 0.89. Rush Enterprises, Inc. has a 12-month low of $45.67 and a 12-month high of $80.17.

Rush Enterprises (NASDAQ:RUSHA) last posted its earnings results on Tuesday, April 28th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.72 by $0.05. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Rush Enterprises had a return on equity of 11.87% and a net margin of 3.65%. On average, equities research analysts forecast that Rush Enterprises, Inc. will post 3.75 EPS for the current year.

Rush Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 12th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.76 annualized dividend and a dividend yield of 1.0%. Rush Enterprises’s dividend payout ratio is presently 22.96%.

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.