Vanguard Group Inc. Sells 84,247 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Vanguard Group Inc. cut its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 6,944,116 shares of the company’s stock after selling 84,247 shares during the quarter. Vanguard Group Inc. owned about 0.09% of Rush Enterprises worth $380,468,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets increased its stake in Rush Enterprises by 93.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 69,018 shares of the company’s stock worth $3,646,000 after buying an additional 33,397 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of Rush Enterprises in the third quarter worth about $685,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Rush Enterprises during the 3rd quarter valued at approximately $137,000. Janus Henderson Group PLC lifted its holdings in Rush Enterprises by 148.1% in the 3rd quarter. Janus Henderson Group PLC now owns 308,204 shares of the company’s stock worth $16,282,000 after purchasing an additional 183,965 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new position in Rush Enterprises in the 3rd quarter worth approximately $256,000. 84.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Stephens reiterated an “overweight” rating and set a $69.00 price objective on shares of Rush Enterprises in a research report on Wednesday, February 19th.

Insider Activity at Rush Enterprises

In other news, Director Michael Mcroberts sold 4,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $58.52, for a total value of $234,080.00. Following the completion of the sale, the director now owns 15,771 shares in the company, valued at approximately $922,918.92. This trade represents a 20.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jody Pollard sold 11,250 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $56.43, for a total value of $634,837.50. Following the transaction, the senior vice president now owns 3,117 shares of the company’s stock, valued at $175,892.31. This trade represents a 78.30 % decrease in their position. The disclosure for this sale can be found here. 12.53% of the stock is owned by insiders.

Rush Enterprises Stock Up 1.1 %

RUSHA opened at $56.03 on Thursday. The company has a market capitalization of $4.44 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 1.04 and a beta of 1.06. The firm has a 50-day simple moving average of $57.33 and a two-hundred day simple moving average of $56.86. The company has a quick ratio of 0.28, a current ratio of 1.45 and a debt-to-equity ratio of 0.23. Rush Enterprises, Inc. has a 52 week low of $40.99 and a 52 week high of $65.43.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.09. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. Analysts forecast that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 3rd were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Monday, March 3rd. Rush Enterprises’s dividend payout ratio is presently 19.30%.

About Rush Enterprises

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.