Dimensional Fund Advisors LP Has $199.37 Million Stock Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Dimensional Fund Advisors LP trimmed its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 0.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,761,476 shares of the company’s stock after selling 28,795 shares during the period. Dimensional Fund Advisors LP owned about 6.06% of Rush Enterprises worth $199,366,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. William Blair Investment Management LLC lifted its stake in Rush Enterprises by 239.1% in the 1st quarter. William Blair Investment Management LLC now owns 794,375 shares of the company’s stock valued at $42,515,000 after purchasing an additional 560,138 shares during the last quarter. Vanguard Group Inc. lifted its stake 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 purchasing an additional 420,978 shares during the last quarter. Norges Bank acquired a new stake in Rush Enterprises in the 4th quarter valued at about $20,954,000. Principal Financial Group Inc. lifted its stake in Rush Enterprises by 1,544.7% in the 4th quarter. Principal Financial Group Inc. now owns 336,876 shares of the company’s stock valued at $16,945,000 after purchasing an additional 316,393 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in Rush Enterprises by 25.2% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 984,492 shares of the company’s stock valued at $52,689,000 after purchasing an additional 198,240 shares during the last quarter. 84.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Rush Enterprises Stock Up 3.3 %

Shares of RUSHA opened at $53.15 on Friday. Rush Enterprises, Inc. has a 12 month low of $34.68 and a 12 month high of $56.64. The firm’s 50 day moving average is $50.27 and its 200-day moving average is $47.74. The stock has a market capitalization of $4.19 billion, a PE ratio of 13.43, a P/E/G ratio of 1.92 and a beta of 1.01. The company has a current ratio of 1.40, a quick ratio of 0.28 and a debt-to-equity ratio of 0.24.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings data 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 analysts’ expectations of $1.86 billion. Rush Enterprises had a net margin of 3.90% and a return on equity of 15.85%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $1.17 earnings per share. Equities research analysts forecast that Rush Enterprises, Inc. will post 3.44 EPS 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 $0.18 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $0.72 dividend on an annualized basis and a yield of 1.35%. This is a positive change from Rush Enterprises’s previous quarterly dividend of $0.17. Rush Enterprises’s dividend payout ratio (DPR) is currently 18.20%.

Insider Buying and Selling at Rush Enterprises

In other Rush Enterprises news, COO Michael Mcroberts sold 12,500 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $50.72, for a total value of $634,000.00. Following the sale, the chief operating officer now owns 15,220 shares in the company, valued at $771,958.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Rush Enterprises news, COO Michael Mcroberts sold 12,500 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $50.72, for a total value of $634,000.00. Following the sale, the chief operating officer now owns 15,220 shares in the company, valued at $771,958.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jason Wilder sold 4,500 shares of Rush Enterprises 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 transaction, the senior vice president now owns 534 shares in the company, valued at approximately $27,597.12. The disclosure for this sale can be found here. Insiders have sold 64,875 shares of company stock worth $3,422,554 over the last quarter. Corporate insiders own 12.53% of the company’s stock.

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.