BNP Paribas Financial Markets Purchases 33,397 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

BNP Paribas Financial Markets grew its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 93.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 69,018 shares of the company’s stock after acquiring an additional 33,397 shares during the quarter. BNP Paribas Financial Markets’ holdings in Rush Enterprises were worth $3,646,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. boosted its position in shares of Rush Enterprises by 266.1% during the 3rd quarter. Blue Trust Inc. now owns 703 shares of the company’s stock valued at $37,000 after acquiring an additional 511 shares during the last quarter. GAMMA Investing LLC lifted its position in Rush Enterprises by 147.5% in the third quarter. GAMMA Investing LLC now owns 787 shares of the company’s stock worth $42,000 after buying an additional 469 shares during the last quarter. Quarry LP bought a new stake in Rush Enterprises in the second quarter worth $36,000. Hexagon Capital Partners LLC lifted its position in Rush Enterprises by 41.3% in the second quarter. Hexagon Capital Partners LLC now owns 982 shares of the company’s stock worth $41,000 after buying an additional 287 shares during the last quarter. Finally, Future Financial Wealth Managment LLC bought a new stake in Rush Enterprises in the third quarter worth $53,000. 84.43% of the stock is currently owned by institutional investors.

Insider Transactions at Rush Enterprises

In other news, CEO William M. Rusty Rush sold 117,500 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 174,154 shares in the company, valued at approximately $11,142,372.92. This trade represents a 40.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Steven L. Keller sold 14,625 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $58.50, for a total value of $855,562.50. Following the transaction, the chief financial officer now owns 83,365 shares in the company, valued at approximately $4,876,852.50. This represents a 14.92 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 176,000 shares of company stock worth $11,167,173. 12.53% of the stock is currently owned by insiders.

Rush Enterprises Stock Up 1.5 %

Shares of RUSHA opened at $62.17 on Thursday. The company has a market cap of $4.91 billion, a PE ratio of 16.25, a P/E/G ratio of 2.34 and a beta of 1.00. The business has a fifty day moving average of $56.47 and a 200 day moving average of $50.61. Rush Enterprises, Inc. has a 52-week low of $40.03 and a 52-week high of $65.15. The company has a quick ratio of 0.28, a current ratio of 1.40 and a debt-to-equity ratio of 0.23.

Rush Enterprises (NASDAQ:RUSHA) last released its earnings results on Tuesday, October 29th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.02. Rush Enterprises had a return on equity of 15.43% and a net margin of 3.93%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the company earned $0.96 earnings per share. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. On average, sell-side analysts expect that Rush Enterprises, Inc. will post 3.45 EPS for the current year.

Rush Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.72 annualized dividend and a dividend yield of 1.16%. Rush Enterprises’s dividend payout ratio (DPR) is 19.10%.

Analyst Ratings Changes

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

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.