Oliver Luxxe Assets LLC Takes $1.57 Million Position in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Oliver Luxxe Assets LLC purchased a new stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 28,603 shares of the company’s stock, valued at approximately $1,567,000.

A number of other large investors have also added to or reduced their stakes in the stock. FMR LLC lifted its holdings in shares of Rush Enterprises by 34.8% in the third quarter. FMR LLC now owns 5,174,262 shares of the company’s stock worth $273,356,000 after buying an additional 1,336,528 shares in the last quarter. State Street Corp lifted its stake in Rush Enterprises by 0.7% in the 3rd quarter. State Street Corp now owns 2,349,597 shares of the company’s stock worth $124,129,000 after purchasing an additional 16,082 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Rush Enterprises by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,616,048 shares of the company’s stock valued at $85,390,000 after purchasing an additional 16,803 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in shares of Rush Enterprises by 13.2% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,186,393 shares of the company’s stock valued at $62,677,000 after purchasing an additional 138,488 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. increased its holdings in shares of Rush Enterprises by 1.9% in the third quarter. Global Alpha Capital Management Ltd. now owns 773,990 shares of the company’s stock worth $40,890,000 after purchasing an additional 14,600 shares during the period. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stephens upped their target price on Rush Enterprises from $66.00 to $69.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st.

Rush Enterprises Trading Up 0.2 %

Shares of Rush Enterprises stock opened at $60.57 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.28. Rush Enterprises, Inc. has a 1 year low of $40.99 and a 1 year high of $65.15. The firm has a market cap of $4.79 billion, a PE ratio of 16.07, a PEG ratio of 2.41 and a beta of 1.02. The company has a 50 day simple moving average of $58.54 and a two-hundred day simple moving average of $54.23.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.02. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.84 billion. Rush Enterprises had a net margin of 3.93% and a return on equity of 15.43%. The firm’s revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 EPS. Analysts expect that Rush Enterprises, Inc. will post 3.66 earnings per share for the current fiscal year.

Rush Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.72 annualized dividend and a dividend yield of 1.19%. Rush Enterprises’s dividend payout ratio (DPR) is presently 19.10%.

Insider Activity at Rush Enterprises

In other Rush Enterprises news, CFO Steven L. Keller sold 43,875 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $63.68, for a total value of $2,793,960.00. Following the completion of the sale, the chief financial officer now owns 83,365 shares in the company, valued at approximately $5,308,683.20. The trade was a 34.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William M. Rusty Rush sold 117,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $63.98, for a total transaction of $7,517,650.00. Following the completion of the transaction, the chief executive officer now owns 174,154 shares in the company, valued at $11,142,372.92. This represents a 40.29 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 176,000 shares of company stock valued at $11,167,173. Corporate insiders own 12.53% of the company’s stock.

About Rush Enterprises

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.