Nuveen Asset Management LLC decreased its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHB) by 4.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 19,603 shares of the company’s stock after selling 936 shares during the period. Nuveen Asset Management LLC’s holdings in Rush Enterprises were worth $699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in RUSHB. State Street Corp lifted its holdings in Rush Enterprises by 13.3% during the 1st quarter. State Street Corp now owns 121,419 shares of the company’s stock valued at $3,704,000 after purchasing an additional 14,277 shares during the last quarter. California Public Employees Retirement System acquired a new stake in Rush Enterprises during the 2nd quarter valued at $363,000. RMB Capital Management LLC acquired a new stake in Rush Enterprises during the 2nd quarter valued at $284,000. FNY Investment Advisers LLC increased its position in Rush Enterprises by 817.3% during the 2nd quarter. FNY Investment Advisers LLC now owns 3,137 shares of the company’s stock worth $111,000 after buying an additional 2,795 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Rush Enterprises by 7.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 31,643 shares of the company’s stock worth $1,129,000 after buying an additional 2,064 shares during the period. 9.69% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ RUSHB opened at $33.35 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.34 and a current ratio of 1.20. Rush Enterprises, Inc. has a 52 week low of $14.43 and a 52 week high of $33.65. The stock has a market capitalization of $1.82 billion, a P/E ratio of 12.04 and a beta of 1.34. The stock’s fifty day moving average is $43.59 and its 200 day moving average is $37.66.

Rush Enterprises (NASDAQ:RUSHB) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.52. Rush Enterprises had a return on equity of 8.84% and a net margin of 1.97%. The company had revenue of $1 billion for the quarter.

The business also recently declared a quarterly dividend, which was paid on Monday, October 12th. Investors of record on Monday, September 28th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Friday, September 25th.

RUSHB has been the topic of several recent research reports. BidaskClub upgraded Rush Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday, July 1st. ValuEngine upgraded Rush Enterprises from a “sell” rating to a “hold” rating in a research report on Tuesday, October 6th. Finally, TheStreet upgraded Rush Enterprises from a “c+” rating to a “b” rating in a research report on Monday, August 10th.

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, 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:RUSHB)

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