Rush Enterprises, Inc. $RUSHA Shares Acquired by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. boosted its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 14.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,179,236 shares of the company’s stock after buying an additional 148,363 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Rush Enterprises were worth $63,054,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. grew its position in Rush Enterprises by 540.0% in the 2nd quarter. American Century Companies Inc. now owns 846,512 shares of the company’s stock valued at $43,604,000 after buying an additional 714,253 shares in the last quarter. Edgestream Partners L.P. lifted its stake in shares of Rush Enterprises by 664.8% in the 2nd quarter. Edgestream Partners L.P. now owns 98,962 shares of the company’s stock worth $5,098,000 after acquiring an additional 86,023 shares during the period. Segall Bryant & Hamill LLC boosted its holdings in shares of Rush Enterprises by 2.9% in the second quarter. Segall Bryant & Hamill LLC now owns 505,212 shares of the company’s stock valued at $26,023,000 after acquiring an additional 14,387 shares in the last quarter. Global Alpha Capital Management Ltd. increased its stake in shares of Rush Enterprises by 4.5% during the second quarter. Global Alpha Capital Management Ltd. now owns 843,890 shares of the company’s stock valued at $43,469,000 after acquiring an additional 36,600 shares during the period. Finally, Dynamic Technology Lab Private Ltd raised its holdings in Rush Enterprises by 308.7% during the first quarter. Dynamic Technology Lab Private Ltd now owns 15,123 shares of the company’s stock worth $807,000 after purchasing an additional 11,423 shares in the last quarter. Institutional investors own 84.43% of the company’s stock.

Wall Street Analysts Forecast Growth

RUSHA has been the subject of a number of research reports. Stephens decreased their price target on Rush Enterprises from $60.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. Weiss Ratings restated a “buy (b-)” rating on shares of Rush Enterprises in a report on Wednesday, October 8th. Wall Street Zen raised Rush Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Finally, Zacks Research raised shares of Rush Enterprises from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $55.00.

Rush Enterprises Stock Performance

Shares of RUSHA stock opened at $56.76 on Wednesday. Rush Enterprises, Inc. has a fifty-two week low of $45.67 and a fifty-two week high of $65.43. The stock’s 50-day moving average is $52.67 and its two-hundred day moving average is $53.76. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 0.34. The firm has a market cap of $4.38 billion, a P/E ratio of 16.84, a PEG ratio of 1.24 and a beta of 0.92.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings results on Thursday, May 20th. The company reported $0.79 EPS for the quarter. Rush Enterprises had a return on equity of 12.52% and a net margin of 3.57%.The business had revenue of $1.23 billion during the quarter. Analysts predict that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Wednesday, November 12th were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, November 12th. This represents a $0.76 annualized dividend and a dividend yield of 1.3%. Rush Enterprises’s dividend payout ratio is 22.55%.

About Rush Enterprises

Rush Enterprises, Inc, headquartered in New Braunfels, Texas, is a leading distributor of commercial vehicles and related products in the United States. Through its Rush Truck Centers subsidiary, the company sells new and used medium- and heavy-duty trucks, buses and specialty vehicles, while also offering factory-authorized parts, collision repair, maintenance and warranty support across its network of dealerships.

Founded in 1965, Rush Enterprises has grown to encompass more than 150 locations in over 20 states, partnering with major manufacturers including Kenworth, Peterbilt, Freightliner, Volvo and Mack.