Segall Bryant & Hamill LLC Grows Stock Position in Rush Enterprises, Inc. $RUSHA

Segall Bryant & Hamill LLC boosted its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 2.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 505,212 shares of the company’s stock after purchasing an additional 14,387 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Rush Enterprises were worth $26,023,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. grew its position in shares of Rush Enterprises by 1.9% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,218,650 shares of the company’s stock worth $118,499,000 after buying an additional 41,407 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Rush Enterprises by 4.6% in the 2nd quarter. Jennison Associates LLC now owns 923,847 shares of the company’s stock valued at $47,587,000 after purchasing an additional 40,936 shares in the last quarter. Northern Trust Corp grew its stake in shares of Rush Enterprises by 12.0% during the first quarter. Northern Trust Corp now owns 879,554 shares of the company’s stock worth $46,977,000 after purchasing an additional 94,271 shares in the last quarter. Global Alpha Capital Management Ltd. increased its holdings in Rush Enterprises by 4.5% in the second quarter. Global Alpha Capital Management Ltd. now owns 843,890 shares of the company’s stock valued at $43,469,000 after buying an additional 36,600 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Rush Enterprises by 1.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 750,974 shares of the company’s stock valued at $40,110,000 after buying an additional 7,979 shares in the last quarter. Institutional investors and hedge funds own 84.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on RUSHA shares. Wall Street Zen raised Rush Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Zacks Research lowered shares of Rush Enterprises from a “hold” rating to a “strong sell” rating in a research note on Monday, November 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of Rush Enterprises in a research note on Wednesday, October 8th. Finally, Stephens cut their target price on Rush Enterprises from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $55.00.

Rush Enterprises Price Performance

Shares of NASDAQ:RUSHA opened at $50.93 on Friday. Rush Enterprises, Inc. has a one year low of $45.67 and a one year high of $65.43. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 1.44 and a beta of 0.91. The company has a 50-day simple moving average of $51.42 and a 200-day simple moving average of $52.62. 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 issued its quarterly earnings results on Thursday, May 20th. The company reported $0.79 earnings per share (EPS) for the quarter. Rush Enterprises had a return on equity of 12.61% and a net margin of 3.57%.The firm had revenue of $1.23 billion for the quarter. On average, analysts predict that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Wednesday, November 12th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, November 12th. Rush Enterprises’s payout ratio is currently 22.55%.

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.