Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC trimmed its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 16.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 36,714 shares of the company’s stock after selling 7,368 shares during the period. AQR Capital Management LLC’s holdings in Rush Enterprises were worth $1,537,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Rush Enterprises by 6.1% during the 4th quarter. Vanguard Group Inc. now owns 7,336,456 shares of the company’s stock valued at $369,024,000 after buying an additional 420,978 shares during the period. UniSuper Management Pty Ltd acquired a new position in shares of Rush Enterprises in the first quarter worth $612,000. Edgestream Partners L.P. acquired a new position in shares of Rush Enterprises in the first quarter worth $898,000. Janney Montgomery Scott LLC acquired a new position in shares of Rush Enterprises in the first quarter worth $625,000. Finally, Vaughan Nelson Investment Management L.P. grew its stake in shares of Rush Enterprises by 25.2% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 984,492 shares of the company’s stock worth $52,689,000 after acquiring an additional 198,240 shares in the last quarter. 84.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Stephens began coverage on shares of Rush Enterprises in a research note on Monday, July 8th. They set an “overweight” rating for the company.

Insider Buying and Selling

In related news, CEO William M. Rusty Rush sold 40,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $53.81, for a total transaction of $2,152,400.00. Following the completion of the transaction, the chief executive officer now directly owns 174,154 shares of the company’s stock, valued at $9,371,226.74. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, SVP Michael L. Goldstone sold 7,875 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $51.25, for a total value of $403,593.75. Following the sale, the senior vice president now directly owns 12,238 shares in the company, valued at $627,197.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William M. Rusty Rush sold 40,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $53.81, for a total transaction of $2,152,400.00. Following the completion of the sale, the chief executive officer now owns 174,154 shares in the company, valued at $9,371,226.74. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 64,875 shares of company stock valued at $3,422,554 over the last ninety days. Corporate insiders own 12.53% of the company’s stock.

Rush Enterprises Stock Performance

NASDAQ RUSHA opened at $50.38 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.40 and a quick ratio of 0.28. Rush Enterprises, Inc. has a 1 year low of $34.68 and a 1 year high of $56.64. The company has a market capitalization of $3.97 billion, a PE ratio of 12.73, a P/E/G ratio of 1.91 and a beta of 1.01. The company has a fifty day moving average of $51.27 and a two-hundred day moving average of $48.04.

Rush Enterprises (NASDAQ:RUSHA) last announced its earnings results on Wednesday, July 31st. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.20. Rush Enterprises had a net margin of 3.90% and a return on equity of 15.85%. The business had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the prior year, the company earned $1.17 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. As a group, analysts expect that Rush Enterprises, Inc. will post 3.44 earnings per share for the current year.

Rush Enterprises Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.43%. This is a boost from Rush Enterprises’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Tuesday, August 13th. Rush Enterprises’s dividend payout ratio is presently 18.20%.

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.