Wellington Management Group LLP Has $296.39 Million Stock Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Wellington Management Group LLP lowered its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 16.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,409,616 shares of the company’s stock after selling 1,041,668 shares during the quarter. Wellington Management Group LLP owned approximately 6.83% of Rush Enterprises worth $296,393,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in RUSHA. Smartleaf Asset Management LLC boosted its stake in Rush Enterprises by 475.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 851 shares of the company’s stock valued at $46,000 after acquiring an additional 703 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Rush Enterprises by 24.4% in the 4th quarter. GAMMA Investing LLC now owns 979 shares of the company’s stock valued at $54,000 after purchasing an additional 192 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Rush Enterprises in the 3rd quarter worth $64,000. PNC Financial Services Group Inc. grew its stake in shares of Rush Enterprises by 71.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,435 shares of the company’s stock worth $79,000 after purchasing an additional 596 shares during the period. Finally, Quarry LP increased its holdings in Rush Enterprises by 86.0% in the third quarter. Quarry LP now owns 1,605 shares of the company’s stock valued at $85,000 after purchasing an additional 742 shares during the last quarter. Institutional investors own 84.43% of the company’s stock.

Insider Activity at Rush Enterprises

In other news, SVP Jody Pollard sold 11,250 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $56.43, for a total transaction of $634,837.50. Following the completion of the transaction, the senior vice president now directly owns 3,117 shares of the company’s stock, valued at $175,892.31. This trade represents a 78.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Mcroberts sold 4,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $58.52, for a total transaction of $234,080.00. Following the completion of the transaction, the director now directly 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 insiders.

Rush Enterprises Stock Up 3.8 %

Shares of NASDAQ:RUSHA opened at $55.44 on Wednesday. The company has a 50 day moving average price of $57.42 and a two-hundred day moving average price of $56.86. The company has a market capitalization of $4.39 billion, a PE ratio of 14.86, 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 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 issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.82 by $0.09. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.86 billion. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. Analysts forecast that Rush Enterprises, Inc. will post 3.91 earnings per share for the current year.

Rush Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Monday, March 3rd. Rush Enterprises’s dividend payout ratio (DPR) is presently 19.30%.

Wall Street Analyst Weigh In

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

Rush Enterprises Company 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.