Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Sold by Cooke & Bieler LP

Cooke & Bieler LP trimmed its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 12.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 941,565 shares of the company’s stock after selling 130,980 shares during the period. Cooke & Bieler LP owned approximately 1.19% of Rush Enterprises worth $51,588,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dean Investment Associates LLC acquired a new stake in shares of Rush Enterprises during the 3rd quarter worth approximately $1,986,000. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Rush Enterprises by 13.2% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,186,393 shares of the company’s stock valued at $62,677,000 after purchasing an additional 138,488 shares in the last quarter. Costello Asset Management INC boosted its position in shares of Rush Enterprises by 3,793.9% during the 4th quarter. Costello Asset Management INC now owns 42,833 shares of the company’s stock worth $2,347,000 after acquiring an additional 41,733 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Rush Enterprises during the 3rd quarter worth approximately $1,523,000. Finally, Tensile Capital Management LP acquired a new position in Rush Enterprises in the third quarter valued at $1,815,000. 84.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Transactions at Rush Enterprises

In other news, SVP Jody Pollard sold 11,250 shares of the stock in a transaction 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 sale, the senior vice president now owns 3,117 shares in the company, valued at $175,892.31. This represents a 78.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Mcroberts sold 4,000 shares of the firm’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 directly owns 15,771 shares of the company’s stock, valued at $922,918.92. This trade represents a 20.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.53% of the company’s stock.

Rush Enterprises Price Performance

Shares of NASDAQ RUSHA opened at $54.47 on Tuesday. The company’s 50-day moving average price is $58.29 and its 200 day moving average price is $56.47. The stock has a market cap of $4.32 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 1.04 and a beta of 1.06. Rush Enterprises, Inc. has a 52 week low of $40.99 and a 52 week high of $65.43. The company has a current ratio of 1.45, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.09. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.86 billion. Rush Enterprises had a net margin of 3.90% and a return on equity of 14.76%. As a group, research analysts forecast that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Monday, March 3rd will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Monday, March 3rd. Rush Enterprises’s dividend payout ratio is currently 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.