Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Bought by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC lifted its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 35.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,533 shares of the company’s stock after acquiring an additional 5,875 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Rush Enterprises were worth $943,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of RUSHA. Vanguard Group Inc. increased its position in Rush Enterprises by 6.1% in the 4th quarter. Vanguard Group Inc. now owns 7,336,456 shares of the company’s stock valued at $369,024,000 after acquiring an additional 420,978 shares during the period. Wellington Management Group LLP raised its stake in shares of Rush Enterprises by 2.6% during the fourth quarter. Wellington Management Group LLP now owns 6,354,756 shares of the company’s stock worth $319,644,000 after purchasing an additional 161,679 shares during the last quarter. Cooke & Bieler LP raised its stake in shares of Rush Enterprises by 10.1% during the second quarter. Cooke & Bieler LP now owns 1,092,709 shares of the company’s stock worth $45,752,000 after purchasing an additional 100,318 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in Rush Enterprises by 6.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,047,905 shares of the company’s stock valued at $43,875,000 after buying an additional 63,413 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Rush Enterprises by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 981,385 shares of the company’s stock valued at $49,364,000 after buying an additional 15,731 shares during the last quarter. 84.43% of the stock is owned by institutional investors and hedge funds.

Rush Enterprises Price Performance

Shares of RUSHA opened at $47.72 on Thursday. The company has a current ratio of 1.40, a quick ratio of 0.28 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average is $49.36 and its two-hundred day moving average is $47.65. Rush Enterprises, Inc. has a twelve month low of $34.68 and a twelve month high of $56.64. The firm has a market capitalization of $3.76 billion, a PE ratio of 12.06, a P/E/G ratio of 1.92 and a beta of 1.01.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.20. The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Rush Enterprises had a return on equity of 15.85% and a net margin of 3.90%. Rush Enterprises’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.17 earnings per share. Research analysts anticipate that Rush Enterprises, Inc. will post 3.28 earnings per share for the current year.

Rush Enterprises Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 13th were given a dividend of $0.18 per share. This is a positive change from Rush Enterprises’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend was Tuesday, August 13th. Rush Enterprises’s dividend payout ratio is presently 18.20%.

Analyst Ratings Changes

Separately, Stephens initiated coverage on shares of Rush Enterprises in a research note on Monday, July 8th. They issued an “overweight” rating for the company.

Insider Activity

In other Rush Enterprises news, CEO William M. Rusty Rush sold 40,000 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $53.81, for a total transaction of $2,152,400.00. Following the sale, the chief executive officer now directly owns 174,154 shares in the company, valued at $9,371,226.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, COO Michael Mcroberts sold 12,500 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $50.72, for a total value of $634,000.00. Following the completion of the transaction, the chief operating officer now directly owns 15,220 shares of the company’s stock, valued at $771,958.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO William M. Rusty Rush sold 40,000 shares of Rush Enterprises stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $53.81, for a total value of $2,152,400.00. Following the sale, the chief executive officer now owns 174,154 shares of the company’s stock, valued at approximately $9,371,226.74. The disclosure for this sale can be found here. In the last three months, insiders sold 64,875 shares of company stock worth $3,422,554. Company insiders own 12.53% 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 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.