Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Sold by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. trimmed its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 0.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,225 shares of the company’s stock after selling 280 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Rush Enterprises were worth $2,309,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in RUSHA. New York State Teachers Retirement System raised its stake in shares of Rush Enterprises by 10.1% during the 4th quarter. New York State Teachers Retirement System now owns 21,446 shares of the company’s stock worth $1,175,000 after buying an additional 1,971 shares during the period. Principal Financial Group Inc. raised its stake in shares of Rush Enterprises by 3.6% during the 4th quarter. Principal Financial Group Inc. now owns 302,188 shares of the company’s stock worth $16,557,000 after buying an additional 10,589 shares during the period. Sanctuary Advisors LLC acquired a new position in Rush Enterprises in the 4th quarter valued at $179,000. Bank of New York Mellon Corp raised its stake in Rush Enterprises by 0.5% in the 4th quarter. Bank of New York Mellon Corp now owns 624,103 shares of the company’s stock valued at $34,195,000 after purchasing an additional 3,386 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its stake in Rush Enterprises by 5,379.0% in the 4th quarter. Proficio Capital Partners LLC now owns 334,822 shares of the company’s stock valued at $18,345,000 after purchasing an additional 328,711 shares during the last quarter. 84.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RUSHA has been the subject of several recent research reports. Wall Street Zen raised Rush Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, June 14th. Stephens reduced their price objective on Rush Enterprises from $63.00 to $61.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd.

Rush Enterprises Stock Up 0.4%

NASDAQ RUSHA opened at $49.46 on Friday. The business has a fifty day moving average price of $50.42 and a 200 day moving average price of $54.66. Rush Enterprises, Inc. has a one year low of $40.99 and a one year high of $65.43. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.32 and a current ratio of 1.44. The company has a market cap of $3.85 billion, a P/E ratio of 13.82, a P/E/G ratio of 1.39 and a beta of 0.88.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. Rush Enterprises had a return on equity of 13.82% and a net margin of 3.76%. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.86 billion. Research analysts anticipate that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Monday, May 12th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.46%. The ex-dividend date was Monday, May 12th. Rush Enterprises’s payout ratio is currently 20.11%.

Insider Buying and Selling at Rush Enterprises

In other Rush Enterprises news, SVP Michael L. Goldstone sold 4,500 shares of the company’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $52.10, for a total value of $234,450.00. Following the completion of the sale, the senior vice president now directly owns 12,510 shares in the company, valued at $651,771. This represents a 26.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jason Wilder sold 483 shares of the company’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $56.39, for a total value of $27,236.37. Following the completion of the sale, the chief operating officer now owns 85,420 shares of the company’s stock, valued at approximately $4,816,833.80. The trade was a 0.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,731 shares of company stock worth $303,634 in the last three months. 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.