Wellington Management Group LLP Grows Stock Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Wellington Management Group LLP boosted its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 2.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 6,354,756 shares of the company’s stock after buying an additional 161,679 shares during the period. Wellington Management Group LLP owned 8.16% of Rush Enterprises worth $319,644,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of RUSHA. Virtu Financial LLC bought a new stake in shares of Rush Enterprises during the fourth quarter valued at approximately $359,000. Teachers Retirement System of The State of Kentucky grew its position in shares of Rush Enterprises by 53.2% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 56,332 shares of the company’s stock valued at $2,833,000 after purchasing an additional 19,563 shares in the last quarter. Neo Ivy Capital Management bought a new stake in shares of Rush Enterprises in the fourth quarter worth about $43,000. Clear Street Markets LLC purchased a new stake in shares of Rush Enterprises in the fourth quarter worth about $100,000. Finally, Comerica Bank boosted its stake in Rush Enterprises by 4,094.1% during the fourth quarter. Comerica Bank now owns 27,807 shares of the company’s stock valued at $1,399,000 after buying an additional 27,144 shares during the last quarter. 84.43% of the stock is owned by institutional investors.

Rush Enterprises Stock Performance

Rush Enterprises stock opened at $42.89 on Tuesday. The company has a quick ratio of 0.28, a current ratio of 1.43 and a debt-to-equity ratio of 0.32. Rush Enterprises, Inc. has a twelve month low of $34.68 and a twelve month high of $53.78. The company’s 50-day moving average price is $45.83 and its 200-day moving average price is $46.45. The company has a market cap of $3.37 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 1.93 and a beta of 1.02.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.08. The business had revenue of $1.87 billion for the quarter. Rush Enterprises had a return on equity of 17.16% and a net margin of 4.16%. During the same quarter last year, the company earned $1.07 earnings per share. On average, equities research analysts forecast that Rush Enterprises, Inc. will post 2.98 EPS for the current fiscal year.

Rush Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Thursday, May 9th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Wednesday, May 8th. Rush Enterprises’s payout ratio is 17.19%.

Insider Buying and Selling at Rush Enterprises

In related news, SVP Jason Wilder sold 11,250 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $46.23, for a total value of $520,087.50. Following the sale, the senior vice president now directly owns 534 shares of the company’s stock, valued at approximately $24,686.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 12.53% of the company’s stock.

Analysts Set New Price Targets

Separately, Stephens reaffirmed an “overweight” rating and set a $60.00 price objective on shares of Rush Enterprises in a report on Wednesday, April 24th.

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.