Charles Schwab Investment Management Inc. Has $40.71 Million Stock Position in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Charles Schwab Investment Management Inc. raised its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 742,995 shares of the company’s stock after buying an additional 26,254 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.94% of Rush Enterprises worth $40,709,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. FMR LLC lifted its stake in shares of Rush Enterprises by 34.8% in the third quarter. FMR LLC now owns 5,174,262 shares of the company’s stock valued at $273,356,000 after buying an additional 1,336,528 shares during the period. Jennison Associates LLC lifted its position in shares of Rush Enterprises by 1,398.4% in the 4th quarter. Jennison Associates LLC now owns 509,380 shares of the company’s stock worth $27,909,000 after acquiring an additional 475,384 shares during the period. Proficio Capital Partners LLC lifted its position in shares of Rush Enterprises by 5,379.0% in the 4th quarter. Proficio Capital Partners LLC now owns 334,822 shares of the company’s stock worth $18,345,000 after acquiring an additional 328,711 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Rush Enterprises by 148.1% during the 3rd quarter. Janus Henderson Group PLC now owns 308,204 shares of the company’s stock worth $16,282,000 after purchasing an additional 183,965 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its position in shares of Rush Enterprises by 13.2% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,186,393 shares of the company’s stock valued at $62,677,000 after purchasing an additional 138,488 shares during the period. 84.43% of the stock is owned by institutional investors.

Insider Transactions at Rush Enterprises

In other Rush Enterprises news, Director Michael Mcroberts sold 4,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $58.52, for a total value of $234,080.00. Following the completion of the transaction, the director now directly owns 15,771 shares of the company’s stock, valued at approximately $922,918.92. The trade was a 20.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jody Pollard sold 11,250 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $56.43, for a total transaction of $634,837.50. Following the sale, the senior vice president now directly owns 3,117 shares in the company, valued at $175,892.31. This trade represents a 78.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.53% of the company’s stock.

Rush Enterprises Stock Performance

NASDAQ RUSHA opened at $53.60 on Friday. Rush Enterprises, Inc. has a twelve month low of $40.99 and a twelve month high of $65.43. The company has a quick ratio of 0.28, a current ratio of 1.45 and a debt-to-equity ratio of 0.23. The stock has a market cap of $4.25 billion, a P/E ratio of 14.37, a PEG ratio of 1.04 and a beta of 1.06. The company’s 50-day simple moving average is $58.18 and its 200 day simple moving average is $56.45.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.09. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.86 billion. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. As a group, research analysts forecast that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Monday, March 3rd will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Monday, March 3rd. Rush Enterprises’s dividend payout ratio (DPR) is currently 19.30%.

Analyst Upgrades and Downgrades

Separately, Stephens reiterated an “overweight” rating and set a $69.00 price target on shares of Rush Enterprises in a research note on Wednesday, February 19th.

About Rush Enterprises

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.