Rush Enterprises, Inc. $RUSHA Shares Bought by Dean Capital Management

Dean Capital Management grew its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 55.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,024 shares of the company’s stock after purchasing an additional 7,493 shares during the period. Dean Capital Management’s holdings in Rush Enterprises were worth $1,390,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Royal Bank of Canada lifted its position in shares of Rush Enterprises by 33.6% during the 1st quarter. Royal Bank of Canada now owns 10,786 shares of the company’s stock valued at $575,000 after acquiring an additional 2,715 shares during the period. AQR Capital Management LLC grew its holdings in shares of Rush Enterprises by 8.0% in the 1st quarter. AQR Capital Management LLC now owns 24,509 shares of the company’s stock worth $1,309,000 after acquiring an additional 1,806 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Rush Enterprises by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,225 shares of the company’s stock valued at $1,935,000 after purchasing an additional 1,592 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Rush Enterprises by 18.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 390,387 shares of the company’s stock valued at $20,851,000 after purchasing an additional 60,615 shares in the last quarter. Finally, Caxton Associates LLP acquired a new position in Rush Enterprises during the first quarter worth $221,000. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Rush Enterprises Price Performance

Shares of NASDAQ:RUSHA opened at $76.57 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.37 and a current ratio of 1.46. The business’s fifty day moving average price is $71.54 and its two-hundred day moving average price is $69.20. The stock has a market cap of $5.95 billion, a PE ratio of 23.13, a price-to-earnings-growth ratio of 1.69 and a beta of 0.89. Rush Enterprises, Inc. has a one year low of $45.67 and a one year high of $80.17.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.05. Rush Enterprises had a return on equity of 11.87% and a net margin of 3.65%.The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.73 billion. On average, analysts forecast that Rush Enterprises, Inc. will post 3.75 EPS for the current fiscal year.

Rush Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, May 12th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Tuesday, May 12th. Rush Enterprises’s dividend payout ratio (DPR) is currently 22.96%.

Analyst Ratings Changes

A number of analysts have commented on RUSHA shares. Zacks Research upgraded Rush Enterprises from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Wall Street Zen downgraded Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Sunday, June 14th. UBS Group boosted their price objective on shares of Rush Enterprises from $73.00 to $78.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Wolfe Research began coverage on shares of Rush Enterprises in a research note on Monday, April 27th. They issued an “outperform” rating and a $88.00 price objective on the stock. Finally, Weiss Ratings upgraded shares of Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $83.67.

Insiders Place Their Bets

In related news, Director Michael Mcroberts sold 8,000 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $72.23, for a total value of $577,840.00. Following the completion of the transaction, the director owned 16,229 shares of the company’s stock, valued at approximately $1,172,220.67. The trade was a 33.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 12.68% of the company’s stock.

Rush Enterprises Company Profile

Rush Enterprises, Inc, headquartered in New Braunfels, Texas, is a leading distributor of commercial vehicles and related products in the United States. Through its Rush Truck Centers subsidiary, the company sells new and used medium- and heavy-duty trucks, buses and specialty vehicles, while also offering factory-authorized parts, collision repair, maintenance and warranty support across its network of dealerships.

Founded in 1965, Rush Enterprises has grown to encompass more than 150 locations in over 20 states, partnering with major manufacturers including Kenworth, Peterbilt, Freightliner, Volvo and Mack.