Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lifted its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 35.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 468,855 shares of the company’s stock after acquiring an additional 121,577 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Rush Enterprises were worth $25,689,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Intech Investment Management LLC purchased a new position in shares of Rush Enterprises in the third quarter worth approximately $1,523,000. Charles Schwab Investment Management Inc. raised its stake in Rush Enterprises by 14.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 716,741 shares of the company’s stock valued at $37,865,000 after purchasing an additional 90,537 shares during the period. Citigroup Inc. lifted its holdings in shares of Rush Enterprises by 39.9% in the third quarter. Citigroup Inc. now owns 106,635 shares of the company’s stock valued at $5,634,000 after purchasing an additional 30,399 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Rush Enterprises in the third quarter worth $247,000. Finally, FMR LLC grew its holdings in shares of Rush Enterprises by 34.8% during 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 in the last quarter. 84.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Rush Enterprises news, SVP Jody Pollard sold 11,250 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $56.43, for a total transaction of $634,837.50. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Mcroberts sold 4,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $58.52, for a total value of $234,080.00. Following the sale, the director now owns 15,771 shares of the company’s stock, valued at approximately $922,918.92. This trade represents a 20.23 % decrease in their position. The disclosure for this sale can be found here. 12.53% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Rush Enterprises Stock Performance

Shares of RUSHA opened at $55.76 on Tuesday. The company has a market capitalization of $4.42 billion, a PE ratio of 14.95, a PEG ratio of 1.04 and a beta of 1.06. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.45. The company’s 50 day moving average price is $58.02 and its 200 day moving average price is $56.60. Rush Enterprises, Inc. has a 52 week low of $40.99 and a 52 week high of $65.43.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.82 by $0.09. Rush Enterprises had a net margin of 3.90% and a return on equity of 14.76%. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Research analysts expect that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Monday, March 3rd. Rush Enterprises’s dividend payout ratio (DPR) is presently 19.30%.

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.