Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Acquired by State Street Corp

State Street Corp boosted its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 0.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,349,597 shares of the company’s stock after buying an additional 16,082 shares during the period. State Street Corp’s holdings in Rush Enterprises were worth $124,129,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in shares of Rush Enterprises by 266.1% in the 3rd quarter. Blue Trust Inc. now owns 703 shares of the company’s stock worth $37,000 after purchasing an additional 511 shares during the last quarter. GAMMA Investing LLC lifted its stake in Rush Enterprises by 147.5% in the third quarter. GAMMA Investing LLC now owns 787 shares of the company’s stock valued at $42,000 after buying an additional 469 shares during the last quarter. Quarry LP acquired a new position in shares of Rush Enterprises during the second quarter valued at $36,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Rush Enterprises in the 3rd quarter worth about $53,000. Finally, Costello Asset Management INC acquired a new stake in shares of Rush Enterprises in the 3rd quarter worth about $58,000. Institutional investors and hedge funds own 84.43% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Stephens boosted their price objective 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 Trading Down 1.6 %

Shares of NASDAQ:RUSHA opened at $59.95 on Friday. The company has a 50 day moving average of $57.99 and a 200-day moving average of $51.50. 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 market cap of $4.74 billion, a P/E ratio of 15.90, a P/E/G ratio of 2.20 and a beta of 1.00. Rush Enterprises, Inc. has a twelve month low of $40.99 and a twelve month high of $65.15.

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 analysts’ consensus estimates of $0.95 by $0.02. Rush Enterprises had a return on equity of 15.43% and a net margin of 3.93%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the firm posted $0.96 earnings per share. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. As a group, analysts anticipate that Rush Enterprises, Inc. will post 3.64 earnings per share for the current fiscal year.

Rush Enterprises Dividend Announcement

The firm 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 was Tuesday, November 12th. This represents a $0.72 annualized dividend and a dividend yield of 1.20%. Rush Enterprises’s dividend payout ratio (DPR) is 19.10%.

Insider Activity at Rush Enterprises

In other Rush Enterprises news, CEO William M. Rusty Rush sold 117,500 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 174,154 shares in the company, valued at approximately $11,142,372.92. The trade was a 40.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Steven L. Keller sold 14,625 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $58.50, for a total transaction of $855,562.50. Following the completion of the transaction, the chief financial officer now owns 83,365 shares of the company’s stock, valued at approximately $4,876,852.50. The trade was a 14.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 176,000 shares of company stock valued at $11,167,173 over the last ninety days. Insiders own 12.53% of the company’s stock.

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.