Captrust Financial Advisors Has $783,000 Stake in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Captrust Financial Advisors trimmed its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 39.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,816 shares of the company’s stock after selling 9,518 shares during the period. Captrust Financial Advisors’ holdings in Rush Enterprises were worth $783,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Arizona State Retirement System increased its stake in shares of Rush Enterprises by 2.2% in the 2nd quarter. Arizona State Retirement System now owns 17,296 shares of the company’s stock valued at $724,000 after acquiring an additional 367 shares during the last quarter. Verdence Capital Advisors LLC grew its holdings in Rush Enterprises by 5.0% during the third quarter. Verdence Capital Advisors LLC now owns 7,785 shares of the company’s stock valued at $411,000 after purchasing an additional 370 shares during the period. The Manufacturers Life Insurance Company increased its stake in Rush Enterprises by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 35,270 shares of the company’s stock valued at $1,477,000 after purchasing an additional 405 shares in the last quarter. GAMMA Investing LLC raised its holdings 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 purchasing an additional 469 shares during the period. Finally, QRG Capital Management Inc. boosted its position in shares of Rush Enterprises by 3.7% during the third quarter. QRG Capital Management Inc. now owns 13,564 shares of the company’s stock worth $717,000 after purchasing an additional 484 shares in the last quarter. 84.43% of the stock is currently owned by institutional investors and hedge funds.

Rush Enterprises Trading Down 1.4 %

NASDAQ RUSHA opened at $60.65 on Wednesday. Rush Enterprises, Inc. has a one year low of $40.45 and a one year high of $65.15. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.28. The firm has a market cap of $4.79 billion, a P/E ratio of 16.09, a P/E/G ratio of 2.22 and a beta of 1.00. The stock’s 50-day moving average is $57.36 and its 200-day moving average is $51.21.

Rush Enterprises (NASDAQ:RUSHA) last announced its earnings results on Tuesday, October 29th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.95 by $0.02. Rush Enterprises had a net margin of 3.93% and a return on equity of 15.43%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the company posted $0.96 EPS. The business’s quarterly revenue was down 4.3% on a year-over-year basis. Sell-side analysts anticipate that Rush Enterprises, Inc. will post 3.64 earnings per share for the current fiscal year.

Rush Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, November 12th will be given a $0.18 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $0.72 annualized dividend and a yield of 1.19%. Rush Enterprises’s dividend payout ratio is currently 19.10%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, CFO Steven L. Keller sold 14,625 shares of the stock in a transaction 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 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 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 on Wednesday, November 6th. The shares were 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 directly owns 174,154 shares of the company’s stock, valued at approximately $11,142,372.92. This trade represents a 40.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 176,000 shares of company stock valued at $11,167,173. Company 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.