Dimensional Fund Advisors LP Buys 1,053,334 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)


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Dimensional Fund Advisors LP raised its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 47.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,294,302 shares of the company’s stock after purchasing an additional 1,053,334 shares during the period. Dimensional Fund Advisors LP owned 0.06% of Rush Enterprises worth $136,449,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its holdings in Rush Enterprises by 84.0% during the fourth quarter. Parallel Advisors LLC now owns 1,200 shares of the company’s stock valued at $50,000 after purchasing an additional 548 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Rush Enterprises by 94.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,610 shares of the company’s stock valued at $108,000 after purchasing an additional 1,270 shares during the period. Bollard Group LLC lifted its stake in shares of Rush Enterprises by 50.0% during the 4th quarter. Bollard Group LLC now owns 3,520 shares of the company’s stock valued at $146,000 after buying an additional 1,173 shares in the last quarter. Weld Capital Management LLC bought a new position in Rush Enterprises in the 3rd quarter worth $212,000. Finally, Handelsbanken Fonder AB increased its stake in Rush Enterprises by 50.0% in the 4th quarter. Handelsbanken Fonder AB now owns 6,526 shares of the company’s stock worth $270,000 after buying an additional 2,175 shares in the last quarter. 48.95% of the stock is owned by institutional investors and hedge funds.

In related news, COO Michael Mcroberts sold 3,750 shares of the stock in a transaction that occurred on Monday, March 8th. The stock was sold at an average price of $46.06, for a total transaction of $172,725.00. Following the completion of the transaction, the chief operating officer now directly owns 12,323 shares of the company’s stock, valued at $567,597.38. The sale was disclosed in a filing with the SEC, which is available through this link. 12.49% of the stock is owned by corporate insiders.

Separately, Zacks Investment Research upgraded Rush Enterprises from a “hold” rating to a “strong-buy” rating and set a $48.00 price objective on the stock in a research report on Wednesday, February 24th.

Shares of RUSHA opened at $49.37 on Thursday. The firm has a market cap of $2.72 billion, a P/E ratio of 28.27, a price-to-earnings-growth ratio of 1.30 and a beta of 1.34. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.25 and a quick ratio of 0.39. Rush Enterprises, Inc. has a 1 year low of $20.71 and a 1 year high of $51.92. The company has a 50 day simple moving average of $46.49 and a two-hundred day simple moving average of $41.40.

Rush Enterprises (NASDAQ:RUSHA) last issued its earnings results on Tuesday, February 9th. The company reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.18. The firm had revenue of $1.27 billion during the quarter. Rush Enterprises had a net margin of 2.04% and a return on equity of 8.24%. On average, sell-side analysts anticipate that Rush Enterprises, Inc. will post 1.85 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 16th. Shareholders of record on Thursday, February 25th were paid a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, February 24th. This represents a $0.72 annualized dividend and a yield of 1.46%. This is a boost from Rush Enterprises’s previous quarterly dividend of $0.14. Rush Enterprises’s payout ratio is presently 28.69%.

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, 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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