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

Deutsche Bank AG lifted its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 2.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 677,750 shares of the company’s stock after purchasing an additional 13,745 shares during the period. Deutsche Bank AG’s holdings in Rush Enterprises were worth $37,134,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Global Alpha Capital Management Ltd. raised its position in shares of 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 purchasing an additional 15,200 shares during the period. Costello Asset Management INC raised its holdings in Rush Enterprises by 3,793.9% during the fourth quarter. Costello Asset Management INC now owns 42,833 shares of the company’s stock valued at $2,347,000 after acquiring an additional 41,733 shares during the period. Natixis Advisors LLC lifted its position in shares of Rush Enterprises by 4.9% in the fourth quarter. Natixis Advisors LLC now owns 247,586 shares of the company’s stock valued at $13,566,000 after acquiring an additional 11,658 shares in the last quarter. EMC Capital Management boosted its stake in shares of Rush Enterprises by 82.6% in the fourth quarter. EMC Capital Management now owns 9,603 shares of the company’s stock worth $526,000 after acquiring an additional 4,345 shares during the period. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Rush Enterprises during the fourth quarter worth about $5,760,000. 84.43% of the stock is owned by institutional investors.

Rush Enterprises Price Performance

Shares of NASDAQ:RUSHA opened at $51.77 on Wednesday. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 13.88, a P/E/G ratio of 1.04 and a beta of 0.94. The firm has a fifty day moving average price of $52.18 and a 200 day moving average price of $56.59. Rush Enterprises, Inc. has a fifty-two week low of $40.99 and a fifty-two week high of $65.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.45.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly 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 net margin of 3.90% and a return on equity of 14.76%. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.86 billion. As a group, sell-side analysts expect that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Announces Dividend

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

Wall Street Analyst Weigh In

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

Insider Activity at Rush Enterprises

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

Rush Enterprises 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.