Westfield Capital Management Co. LP cut its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 3.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 804,535 shares of the company’s stock after selling 31,521 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Rush Enterprises were worth $29,382,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. FNY Investment Advisers LLC increased its stake in Rush Enterprises by 61.5% in the second quarter. FNY Investment Advisers LLC now owns 1,050 shares of the company’s stock valued at $38,000 after acquiring an additional 400 shares during the period. SG Americas Securities LLC bought a new position in Rush Enterprises in the first quarter valued at about $126,000. M&T Bank Corp acquired a new stake in Rush Enterprises in the second quarter worth about $204,000. Financial Counselors Inc. acquired a new stake in Rush Enterprises in the first quarter worth about $266,000. Finally, Janus Henderson Group PLC acquired a new stake in Rush Enterprises in the first quarter worth about $276,000. Institutional investors and hedge funds own 74.34% of the company’s stock.

Shares of Rush Enterprises stock traded up $0.25 on Wednesday, hitting $41.06. 6,093 shares of the company’s stock traded hands, compared to its average volume of 184,853. The firm’s 50-day moving average price is $37.40 and its two-hundred day moving average price is $38.83. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.11 and a quick ratio of 0.22. The stock has a market capitalization of $1.49 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 0.68 and a beta of 1.35. Rush Enterprises, Inc. has a one year low of $31.53 and a one year high of $45.99.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $1.10 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.10. Rush Enterprises had a return on equity of 15.38% and a net margin of 2.88%. The business had revenue of $1.54 billion for the quarter. On average, analysts forecast that Rush Enterprises, Inc. will post 4 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 9th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Thursday, August 8th. This is an increase from Rush Enterprises’s previous quarterly dividend of $0.12. Rush Enterprises’s dividend payout ratio is currently 13.51%.

A number of research firms have issued reports on RUSHA. BidaskClub upgraded shares of Rush Enterprises from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Zacks Investment Research upgraded shares of Rush Enterprises from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Thursday, June 6th. Finally, ValuEngine upgraded shares of Rush Enterprises from a “strong sell” rating to a “sell” rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $43.00.

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. 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, Mitsubishi Fuso, IC Bus, or Blue Bird; provides new and used commercial vehicles, and aftermarket parts, as well as service and repair, financing, and leasing and rental services; and offers property and casualty insurance, including collision and liability insurance on commercial vehicles, cargo insurance, and credit life insurance to its commercial vehicle customers.

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Institutional Ownership by Quarter for Rush Enterprises (NASDAQ:RUSHA)

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