Deutsche Bank AG Sells 61,553 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Deutsche Bank AG decreased its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 9.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 616,197 shares of the company’s stock after selling 61,553 shares during the period. Deutsche Bank AG owned 0.78% of Rush Enterprises worth $32,911,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC grew its position in Rush Enterprises by 121.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the company’s stock worth $62,000 after buying an additional 616 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Rush Enterprises by 29.4% in the first quarter. GAMMA Investing LLC now owns 1,267 shares of the company’s stock worth $68,000 after purchasing an additional 288 shares during the last quarter. Sterling Capital Management LLC grew its stake in Rush Enterprises by 833.8% in the 4th quarter. Sterling Capital Management LLC now owns 1,961 shares of the company’s stock worth $107,000 after buying an additional 1,751 shares in the last quarter. Cerity Partners LLC purchased a new position in Rush Enterprises in the 1st quarter worth approximately $207,000. Finally, Two Sigma Investments LP bought a new position in shares of Rush Enterprises in the 4th quarter worth $210,000. 84.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, COO Jason Wilder sold 748 shares of the business’s stock in a transaction on Monday, May 19th. The shares were sold at an average price of $56.08, for a total transaction of $41,947.84. Following the sale, the chief operating officer owned 84,672 shares in the company, valued at approximately $4,748,405.76. The trade was a 0.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael Mcroberts sold 6,000 shares of Rush Enterprises stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $54.64, for a total transaction of $327,840.00. Following the transaction, the director directly owned 15,771 shares of the company’s stock, valued at approximately $861,727.44. This trade represents a 27.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,731 shares of company stock valued at $631,474 over the last three months. Corporate insiders own 12.28% of the company’s stock.

Rush Enterprises Trading Up 4.5%

NASDAQ RUSHA opened at $57.39 on Wednesday. The company has a current ratio of 1.39, a quick ratio of 0.32 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average of $52.71 and a 200-day moving average of $53.54. The firm has a market cap of $4.47 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 1.55 and a beta of 0.85. Rush Enterprises, Inc. has a 1-year low of $46.30 and a 1-year high of $65.43.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.10. Rush Enterprises had a net margin of 3.73% and a return on equity of 13.29%. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.89 billion. As a group, sell-side analysts forecast that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Tuesday, August 12th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, August 12th. This is an increase from Rush Enterprises’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a yield of 1.3%. Rush Enterprises’s payout ratio is currently 20.51%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on RUSHA. Stephens reaffirmed an “overweight” rating on shares of Rush Enterprises in a report on Monday, August 4th. Wall Street Zen cut Rush Enterprises from a “buy” rating to a “hold” rating in a report on Sunday, July 13th.

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.