Deutsche Bank AG Raises Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Deutsche Bank AG boosted its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 677,750 shares of the company’s stock after purchasing an additional 13,745 shares during the period. Deutsche Bank AG owned about 0.86% of Rush Enterprises worth $37,134,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RUSHA. Vaughan Nelson Investment Management L.P. lifted its position in shares of Rush Enterprises by 3.1% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,222,719 shares of the company’s stock worth $66,993,000 after purchasing an additional 36,326 shares during the period. Beck Mack & Oliver LLC lifted its holdings in Rush Enterprises by 0.5% in the fourth quarter. Beck Mack & Oliver LLC now owns 1,073,567 shares of the company’s stock worth $58,821,000 after buying an additional 5,823 shares during the period. Global Alpha Capital Management Ltd. boosted its position in Rush Enterprises by 2.0% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 789,190 shares of the company’s stock valued at $43,240,000 after acquiring an additional 15,200 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Rush Enterprises by 5.9% during the 4th quarter. Northern Trust Corp now owns 785,283 shares of the company’s stock worth $43,026,000 after acquiring an additional 43,437 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Rush Enterprises by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 742,995 shares of the company’s stock worth $40,709,000 after acquiring an additional 26,254 shares in the last quarter. Institutional investors own 84.43% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Jody Pollard sold 11,250 shares of Rush Enterprises stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $56.43, for a total value of $634,837.50. Following the completion of the sale, the senior vice president now directly owns 3,117 shares in the company, valued at approximately $175,892.31. This trade represents a 78.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Mcroberts sold 4,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $58.52, for a total transaction of $234,080.00. Following the transaction, the director now owns 15,771 shares in the company, valued at $922,918.92. This represents a 20.23% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.28% of the company’s stock.

Analysts Set New Price Targets

Separately, Stephens dropped their price target on Rush Enterprises from $63.00 to $61.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd.

Rush Enterprises Stock Up 2.0%

Shares of Rush Enterprises stock opened at $51.77 on Wednesday. Rush Enterprises, Inc. has a 1 year low of $40.99 and a 1 year high of $65.43. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.45 and a quick ratio of 0.28. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 1.04 and a beta of 0.94. The company has a 50-day moving average of $52.18 and a 200 day moving average of $56.59.

Rush Enterprises (NASDAQ:RUSHA) last released its earnings results on Wednesday, April 30th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.86 billion. As a group, sell-side analysts anticipate that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Monday, May 12th will be paid a dividend of $0.18 per share. The ex-dividend date is Monday, May 12th. This represents a $0.72 dividend on an annualized basis and a yield of 1.39%. Rush Enterprises’s dividend payout ratio is currently 20.11%.

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.