Private Management Group Inc. Has $14.40 Million Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Private Management Group Inc. decreased its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 0.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 343,866 shares of the company’s stock after selling 1,316 shares during the period. Private Management Group Inc. owned about 0.44% of Rush Enterprises worth $14,398,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RUSHA. Vanguard Group Inc. grew its stake in Rush Enterprises by 6.1% in the fourth quarter. Vanguard Group Inc. now owns 7,336,456 shares of the company’s stock valued at $369,024,000 after purchasing an additional 420,978 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Rush Enterprises by 2.6% during the 4th 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. Dimensional Fund Advisors LP raised its holdings in shares of Rush Enterprises by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,765,604 shares of the company’s stock valued at $239,704,000 after purchasing an additional 32,091 shares in the last quarter. Cooke & Bieler LP raised its holdings in shares of Rush Enterprises by 10.1% during the 2nd quarter. Cooke & Bieler LP now owns 1,092,709 shares of the company’s stock valued at $45,752,000 after purchasing an additional 100,318 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in Rush Enterprises by 6.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,047,905 shares of the company’s stock worth $43,875,000 after purchasing an additional 63,413 shares in the last quarter. Institutional investors and hedge funds own 84.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stephens assumed coverage on Rush Enterprises in a report on Monday, July 8th. They set an “overweight” rating on the stock.

Insider Buying and Selling

In other Rush Enterprises news, SVP Michael L. Goldstone sold 7,875 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $51.25, for a total value of $403,593.75. Following the sale, the senior vice president now owns 12,238 shares of the company’s stock, valued at approximately $627,197.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Rush Enterprises news, SVP Michael L. Goldstone sold 7,875 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $51.25, for a total value of $403,593.75. Following the completion of the sale, the senior vice president now directly owns 12,238 shares of the company’s stock, valued at approximately $627,197.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Jason Wilder sold 4,500 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $51.68, for a total transaction of $232,560.00. Following the completion of the sale, the senior vice president now owns 534 shares in the company, valued at $27,597.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 64,875 shares of company stock valued at $3,422,554. Insiders own 12.53% of the company’s stock.

Rush Enterprises Trading Down 2.7 %

Shares of RUSHA stock opened at $48.36 on Monday. Rush Enterprises, Inc. has a 12 month low of $34.68 and a 12 month high of $56.64. The company has a market cap of $3.81 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 1.92 and a beta of 1.01. The company has a quick ratio of 0.28, a current ratio of 1.40 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $48.98 and its two-hundred day moving average is $47.62.

Rush Enterprises (NASDAQ:RUSHA) last posted its earnings results on Wednesday, July 31st. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.20. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.86 billion. Rush Enterprises had a net margin of 3.90% and a return on equity of 15.85%. Rush Enterprises’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business posted $1.17 EPS. Equities analysts predict that Rush Enterprises, Inc. will post 3.28 EPS for the current year.

Rush Enterprises Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, August 13th. This is a positive change from Rush Enterprises’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.49%. Rush Enterprises’s payout ratio is presently 18.20%.

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.