Camelot Portfolios LLC Increases Stock Position in Rush Enterprises, Inc. $RUSHA

Camelot Portfolios LLC increased its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 14.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,327 shares of the company’s stock after acquiring an additional 806 shares during the period. Camelot Portfolios LLC’s holdings in Rush Enterprises were worth $326,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in RUSHA. T. Rowe Price Investment Management Inc. boosted its position in Rush Enterprises by 1.9% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,218,650 shares of the company’s stock valued at $118,499,000 after buying an additional 41,407 shares during the period. Vaughan Nelson Investment Management L.P. raised its holdings in Rush Enterprises by 6.5% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,302,218 shares of the company’s stock worth $69,552,000 after buying an additional 79,499 shares during the last quarter. Jennison Associates LLC raised its holdings in Rush Enterprises by 73.3% in the first quarter. Jennison Associates LLC now owns 882,911 shares of the company’s stock worth $47,156,000 after buying an additional 373,531 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Rush Enterprises by 12.0% during the 1st quarter. Northern Trust Corp now owns 879,554 shares of the company’s stock valued at $46,977,000 after buying an additional 94,271 shares during the period. Finally, Global Alpha Capital Management Ltd. boosted its holdings in shares of Rush Enterprises by 2.3% in the first quarter. Global Alpha Capital Management Ltd. now owns 807,290 shares of the company’s stock worth $43,117,000 after buying an additional 18,100 shares during the last quarter. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on RUSHA shares. Wall Street Zen raised shares of Rush Enterprises from a “hold” rating to a “buy” rating in a report on Friday. Stephens restated an “overweight” rating on shares of Rush Enterprises in a report on Monday, August 4th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $61.00.

Rush Enterprises Price Performance

Rush Enterprises stock opened at $56.30 on Friday. The company’s fifty day moving average price is $56.36 and its 200 day moving average price is $53.27. Rush Enterprises, Inc. has a 1 year low of $47.06 and a 1 year high of $65.43. The stock has a market capitalization of $4.38 billion, a P/E ratio of 16.04, a P/E/G ratio of 1.59 and a beta of 0.88. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.32 and a current ratio of 1.39.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.80 by $0.10. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. Rush Enterprises had a return on equity of 13.29% and a net margin of 3.73%. As a group, equities research analysts anticipate that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, August 12th were paid a dividend of $0.19 per share. The ex-dividend date was Tuesday, August 12th. This is a positive change from Rush Enterprises’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 1.3%. Rush Enterprises’s dividend payout ratio (DPR) is presently 21.65%.

Insider Buying and Selling at Rush Enterprises

In related news, SVP Michael L. Goldstone sold 4,500 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $57.25, for a total transaction of $257,625.00. Following the sale, the senior vice president owned 12,510 shares of the company’s stock, valued at $716,197.50. This trade represents a 26.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jason Wilder sold 4,980 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $55.55, for a total value of $276,639.00. Following the completion of the sale, the chief operating officer directly owned 79,692 shares in the company, valued at approximately $4,426,890.60. The trade was a 5.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,480 shares of company stock worth $862,104. 12.28% of the stock is owned by insiders.

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.