Chartwell Investment Partners LLC trimmed its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 0.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 393,704 shares of the company’s stock after selling 3,640 shares during the period. Chartwell Investment Partners LLC owned approximately 1.08% of Rush Enterprises worth $16,461,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Clearbridge Investments LLC boosted its stake in shares of Rush Enterprises by 1,091,785.7% in the 3rd quarter. Clearbridge Investments LLC now owns 458,592 shares of the company’s stock valued at $18,027,000 after purchasing an additional 458,550 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Rush Enterprises by 15.8% in the 3rd quarter. BlackRock Inc. now owns 2,948,628 shares of the company’s stock valued at $115,911,000 after purchasing an additional 401,738 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Rush Enterprises in the 3rd quarter valued at approximately $15,145,000. Norges Bank acquired a new stake in shares of Rush Enterprises in the 4th quarter valued at approximately $12,174,000. Finally, Vanguard Group Inc. boosted its stake in shares of Rush Enterprises by 7.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,085,970 shares of the company’s stock valued at $160,809,000 after purchasing an additional 291,917 shares in the last quarter. Hedge funds and other institutional investors own 75.50% of the company’s stock.

A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Rush Enterprises from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Friday, February 8th. BidaskClub upgraded shares of Rush Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, January 5th. Finally, ValuEngine upgraded shares of Rush Enterprises from a “sell” rating to a “hold” rating in a research note on Friday, December 28th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $47.75.

Rush Enterprises stock traded up $0.40 during midday trading on Thursday, reaching $43.65. The stock had a trading volume of 728 shares, compared to its average volume of 148,545. Rush Enterprises, Inc. has a 12 month low of $31.53 and a 12 month high of $46.66. The stock has a market capitalization of $1.55 billion, a P/E ratio of 11.34, a P/E/G ratio of 0.72 and a beta of 1.31. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.23 and a current ratio of 1.13.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings data on Wednesday, February 13th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.28. Rush Enterprises had a return on equity of 14.60% and a net margin of 2.53%. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Equities research analysts forecast that Rush Enterprises, Inc. will post 3.92 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, February 25th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.10%. The ex-dividend date was Friday, February 22nd. Rush Enterprises’s dividend payout ratio is currently 12.47%.

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About Rush Enterprises

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, Mitsubishi Fuso, 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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