Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Bought by Inspire Investing LLC

Inspire Investing LLC grew its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 181.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,960 shares of the company’s stock after buying an additional 14,149 shares during the quarter. Inspire Investing LLC’s holdings in Rush Enterprises were worth $1,203,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. FMR LLC boosted its holdings in Rush Enterprises by 34.8% in the 3rd 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 during the last quarter. State Street Corp lifted its position in shares of Rush Enterprises by 0.7% in the third quarter. State Street Corp now owns 2,349,597 shares of the company’s stock valued at $124,129,000 after acquiring an additional 16,082 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Rush Enterprises by 1.1% in the third quarter. Geode Capital Management LLC now owns 1,616,048 shares of the company’s stock worth $85,390,000 after acquiring an additional 16,803 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Rush Enterprises by 13.2% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,186,393 shares of the company’s stock worth $62,677,000 after purchasing an additional 138,488 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. raised its stake in Rush Enterprises by 1.9% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 773,990 shares of the company’s stock valued at $40,890,000 after purchasing an additional 14,600 shares during the last quarter. 84.43% of the stock is owned by institutional investors and hedge funds.

Rush Enterprises Stock Up 0.2 %

RUSHA stock opened at $60.57 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average of $58.54 and a two-hundred day moving average of $54.23. Rush Enterprises, Inc. has a 12 month low of $40.99 and a 12 month high of $65.15. The company has a market cap of $4.79 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 2.41 and a beta of 1.02.

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

Rush Enterprises Announces Dividend

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

Wall Street Analyst Weigh In

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

Insider Activity

In other news, CFO Steven L. Keller sold 14,625 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $58.50, for a total transaction of $855,562.50. Following the completion of the sale, the chief financial officer now owns 83,365 shares in the company, valued at $4,876,852.50. This trade represents a 14.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William M. Rusty Rush sold 117,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $63.98, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 176,000 shares of company stock valued at $11,167,173. 12.53% of the stock is currently owned by insiders.

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.