Chartwell Investment Partners LLC Buys 3,011 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Chartwell Investment Partners LLC raised its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 0.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 586,367 shares of the company’s stock after purchasing an additional 3,011 shares during the quarter. Rush Enterprises comprises 0.9% of Chartwell Investment Partners LLC’s holdings, making the stock its 6th biggest position. Chartwell Investment Partners LLC owned approximately 1.06% of Rush Enterprises worth $29,219,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of RUSHA. Parallel Advisors LLC boosted its holdings in shares of Rush Enterprises by 84.0% in the 4th quarter. Parallel Advisors LLC now owns 1,200 shares of the company’s stock valued at $50,000 after acquiring an additional 548 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Rush Enterprises by 94.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,610 shares of the company’s stock worth $108,000 after buying an additional 1,270 shares in the last quarter. Bollard Group LLC boosted its holdings in Rush Enterprises by 50.0% during the fourth quarter. Bollard Group LLC now owns 3,520 shares of the company’s stock worth $146,000 after buying an additional 1,173 shares in the last quarter. Cornerstone Investment Partners LLC purchased a new stake in Rush Enterprises during the first quarter worth $227,000. Finally, Handelsbanken Fonder AB boosted its holdings in Rush Enterprises by 50.0% during the fourth quarter. Handelsbanken Fonder AB now owns 6,526 shares of the company’s stock worth $270,000 after buying an additional 2,175 shares in the last quarter. Institutional investors and hedge funds own 48.95% of the company’s stock.

A number of brokerages recently issued reports on RUSHA. Zacks Investment Research raised shares of Rush Enterprises from a “hold” rating to a “strong-buy” rating and set a $57.00 price target on the stock in a report on Tuesday, April 27th. BMO Capital Markets raised their target price on shares of Rush Enterprises from $42.00 to $49.00 in a research note on Monday, April 26th.

Shares of NASDAQ RUSHA traded down $0.53 during mid-day trading on Wednesday, reaching $48.49. The company had a trading volume of 261 shares, compared to its average volume of 209,827. The company has a current ratio of 1.25, a quick ratio of 0.39 and a debt-to-equity ratio of 0.38. The firm has a 50 day simple moving average of $49.76 and a two-hundred day simple moving average of $43.78. The stock has a market cap of $2.67 billion, a P/E ratio of 28.06, a PEG ratio of 1.30 and a beta of 1.34. Rush Enterprises, Inc. has a 52-week low of $22.14 and a 52-week high of $51.92.

Rush Enterprises (NASDAQ:RUSHA) last posted its earnings results on Tuesday, April 20th. The company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.28. The firm had revenue of $1.23 billion for the quarter. Rush Enterprises had a net margin of 2.04% and a return on equity of 8.24%. On average, equities analysts expect that Rush Enterprises, Inc. will post 1.85 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 10th. Shareholders of record on Monday, May 10th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.48%. The ex-dividend date is Friday, May 7th. Rush Enterprises’s payout ratio is currently 28.69%.

In other Rush Enterprises news, COO Michael Mcroberts sold 3,750 shares of the firm’s stock in a transaction on Monday, March 8th. The shares were sold at an average price of $46.06, for a total transaction of $172,725.00. Following the transaction, the chief operating officer now directly owns 12,323 shares of the company’s stock, valued at approximately $567,597.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 12.49% of the company’s stock.

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. 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, or Blue Bird; provides new and used commercial vehicles, and aftermarket parts, as well as service and repair, financing, and leasing and rental services; and offers property and casualty insurance, including collision and liability insurance on commercial vehicles, cargo insurance, and credit life insurance to its commercial vehicle customers.

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Institutional Ownership by Quarter for Rush Enterprises (NASDAQ:RUSHA)

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