Gladius Capital Management LP Has $30,000 Stock Position in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Gladius Capital Management LP cut its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 57.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 722 shares of the company’s stock after selling 974 shares during the quarter. Gladius Capital Management LP’s holdings in Rush Enterprises were worth $30,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in RUSHA. Vanguard Group Inc. boosted its stake in shares of Rush Enterprises by 6.1% in the fourth quarter. Vanguard Group Inc. now owns 7,336,456 shares of the company’s stock valued at $369,024,000 after buying an additional 420,978 shares during the period. Wellington Management Group LLP grew its holdings in shares of Rush Enterprises by 2.6% during the 4th quarter. Wellington Management Group LLP now owns 6,354,756 shares of the company’s stock worth $319,644,000 after purchasing an additional 161,679 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Rush Enterprises by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,765,604 shares of the company’s stock worth $239,704,000 after purchasing an additional 32,091 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in Rush Enterprises by 25.2% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 984,492 shares of the company’s stock valued at $52,689,000 after purchasing an additional 198,240 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Rush Enterprises by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 981,385 shares of the company’s stock worth $49,364,000 after purchasing an additional 15,731 shares during the period. Institutional investors own 84.43% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Stephens started coverage on Rush Enterprises in a research note on Monday, July 8th. They issued an “overweight” rating on the stock.

Rush Enterprises Stock Performance

NASDAQ RUSHA opened at $52.13 on Friday. The firm has a market capitalization of $4.10 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 2.03 and a beta of 1.01. The business’s 50-day moving average price is $46.31 and its two-hundred day moving average price is $47.06. The company has a current ratio of 1.40, a quick ratio of 0.28 and a debt-to-equity ratio of 0.24. Rush Enterprises, Inc. has a 12 month low of $34.68 and a 12 month high of $56.64.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.20. Rush Enterprises had a net margin of 3.90% and a return on equity of 15.85%. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the company earned $1.17 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, analysts expect that Rush Enterprises, Inc. will post 3.28 EPS for the current year.

Rush Enterprises Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 13th will be paid a $0.18 dividend. The ex-dividend date is Tuesday, August 13th. This is a positive change from Rush Enterprises’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 1.38%. Rush Enterprises’s payout ratio is 18.20%.

Insiders Place Their Bets

In other Rush Enterprises news, COO Michael Mcroberts sold 12,500 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $50.72, for a total value of $634,000.00. Following the completion of the sale, the chief operating officer now directly owns 15,220 shares in the company, valued at $771,958.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Rush Enterprises news, COO Michael Mcroberts sold 12,500 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $50.72, for a total value of $634,000.00. Following the transaction, the chief operating officer now owns 15,220 shares in the company, valued at $771,958.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Michael L. Goldstone sold 7,875 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $51.25, for a total value of $403,593.75. Following the sale, the senior vice president now owns 12,238 shares of the company’s stock, valued at approximately $627,197.50. The disclosure for this sale can be found here. Company 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.