Vaughan Nelson Investment Management L.P. Sells 271,345 Shares of Rush Enterprises, Inc. $RUSHA

Vaughan Nelson Investment Management L.P. lessened its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 20.8% in the second quarter, Holdings Channel.com reports. The firm owned 1,030,873 shares of the company’s stock after selling 271,345 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Rush Enterprises were worth $53,100,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of RUSHA. Jennison Associates LLC increased its holdings in Rush Enterprises by 73.3% in the 1st quarter. Jennison Associates LLC now owns 882,911 shares of the company’s stock worth $47,156,000 after purchasing an additional 373,531 shares in the last quarter. Nuveen LLC acquired a new position in Rush Enterprises in the 1st quarter worth about $9,667,000. Jane Street Group LLC increased its holdings in Rush Enterprises by 605.6% in the 1st quarter. Jane Street Group LLC now owns 153,189 shares of the company’s stock worth $8,182,000 after purchasing an additional 131,480 shares in the last quarter. American Century Companies Inc. increased its holdings in Rush Enterprises by 423.4% in the 1st quarter. American Century Companies Inc. now owns 132,259 shares of the company’s stock worth $7,064,000 after purchasing an additional 106,991 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Rush Enterprises by 12.0% in the 1st quarter. Northern Trust Corp now owns 879,554 shares of the company’s stock worth $46,977,000 after purchasing an additional 94,271 shares in the last quarter. Institutional investors and hedge funds own 84.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on RUSHA shares. Stephens reaffirmed an “overweight” rating on shares of Rush Enterprises in a report on Monday, August 4th. Weiss Ratings reissued a “buy (b-)” rating on shares of Rush Enterprises in a research note on Saturday, September 27th. Finally, Wall Street Zen cut Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $61.00.

Rush Enterprises Trading Down 2.8%

NASDAQ RUSHA opened at $51.70 on Friday. The business has a 50 day simple moving average of $56.33 and a 200 day simple moving average of $53.27. Rush Enterprises, Inc. has a one year low of $47.06 and a one year high of $65.43. The stock has a market capitalization of $4.02 billion, a P/E ratio of 14.73, a P/E/G ratio of 1.50 and a beta of 0.89. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.39 and a quick ratio of 0.32.

Rush Enterprises (NASDAQ:RUSHA) last released its earnings results on Wednesday, July 30th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.80 by $0.10. Rush Enterprises had a return on equity of 13.29% and a net margin of 3.73%.The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Research analysts expect that Rush Enterprises, Inc. will post 3.91 earnings per share for the current year.

Rush Enterprises Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, August 12th were issued a $0.19 dividend. The ex-dividend date was Tuesday, August 12th. This is an increase from Rush Enterprises’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 1.5%. Rush Enterprises’s dividend payout ratio is currently 21.65%.

Insiders Place Their Bets

In other Rush Enterprises news, COO Jason Wilder sold 4,980 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $55.55, for a total value of $276,639.00. Following the transaction, the chief operating officer owned 79,692 shares in the company, valued at approximately $4,426,890.60. This represents a 5.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael L. Goldstone sold 4,500 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $57.25, for a total value of $257,625.00. Following the completion of the transaction, the senior vice president owned 12,510 shares in the company, valued at approximately $716,197.50. The trade was a 26.46% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,480 shares of company stock worth $862,104. Corporate insiders own 12.28% of the company’s stock.

Rush Enterprises 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.