Oakwell Private Wealth Management LLC Takes Position in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Oakwell Private Wealth Management LLC acquired a new stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,492 shares of the company’s stock, valued at approximately $226,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. grew its position in Rush Enterprises by 49.0% during the third quarter. Vanguard Group Inc. now owns 6,915,478 shares of the company’s stock valued at $282,359,000 after acquiring an additional 2,274,689 shares during the period. Wellington Management Group LLP grew its position in Rush Enterprises by 49.2% during the third quarter. Wellington Management Group LLP now owns 6,193,077 shares of the company’s stock valued at $252,863,000 after acquiring an additional 2,041,125 shares during the period. FMR LLC grew its position in Rush Enterprises by 51.7% during the third quarter. FMR LLC now owns 3,581,306 shares of the company’s stock valued at $146,225,000 after acquiring an additional 1,220,003 shares during the period. JPMorgan Chase & Co. grew its position in Rush Enterprises by 41.7% during the third quarter. JPMorgan Chase & Co. now owns 2,531,048 shares of the company’s stock valued at $103,343,000 after acquiring an additional 744,310 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Rush Enterprises by 52.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 965,654 shares of the company’s stock valued at $39,428,000 after acquiring an additional 331,041 shares during the period. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Rush Enterprises Stock Down 1.5 %

NASDAQ RUSHA traded down $0.67 on Wednesday, hitting $43.25. 100,522 shares of the stock traded hands, compared to its average volume of 374,369. The stock has a 50-day moving average of $49.33 and a 200 day moving average of $44.99. Rush Enterprises, Inc. has a twelve month low of $33.37 and a twelve month high of $53.78. The company has a market capitalization of $3.37 billion, a P/E ratio of 10.90, a price-to-earnings-growth ratio of 1.06 and a beta of 1.02. The company has a current ratio of 1.43, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.08. The business had revenue of $1.87 billion for the quarter. Rush Enterprises had a return on equity of 17.16% and a net margin of 4.16%. During the same quarter in the previous year, the company posted $1.07 earnings per share. As a group, analysts expect that Rush Enterprises, Inc. will post 2.92 earnings per share for the current fiscal year.

Rush Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 9th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Wednesday, May 8th. Rush Enterprises’s dividend payout ratio (DPR) is 17.19%.

Analyst Upgrades and Downgrades

Separately, Stephens reaffirmed an “overweight” rating and issued a $60.00 target price on shares of Rush Enterprises in a research report on Wednesday, April 24th.

Insider Buying and Selling

In related news, SVP Jason Wilder sold 11,250 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $46.23, for a total value of $520,087.50. Following the completion of the transaction, the senior vice president now directly owns 534 shares of the company’s stock, valued at approximately $24,686.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 12.53% of the company’s stock.

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.