Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 73.8% in the third quarter, HoldingsChannel.com reports. The fund owned 1,479 shares of the company’s stock after purchasing an additional 628 shares during the period. Farther Finance Advisors LLC’s holdings in Rush Enterprises were worth $78,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its stake in shares of Rush Enterprises by 89.6% in the first quarter. BNP Paribas Financial Markets now owns 33,557 shares of the company’s stock worth $1,796,000 after acquiring an additional 15,856 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Rush Enterprises during the first quarter worth $625,000. Quantbot Technologies LP lifted its stake in shares of Rush Enterprises by 853.9% in the first quarter. Quantbot Technologies LP now owns 4,941 shares of the company’s stock worth $264,000 after buying an additional 4,423 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Rush Enterprises during the 1st quarter valued at about $375,000. Finally, ProShare Advisors LLC lifted its stake in Rush Enterprises by 20.1% in the 1st quarter. ProShare Advisors LLC now owns 12,255 shares of the company’s stock worth $656,000 after purchasing an additional 2,051 shares in the last quarter. 84.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Rush Enterprises

In other news, SVP Jason Wilder sold 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $51.68, for a total value of $232,560.00. Following the transaction, the senior vice president now directly owns 534 shares in the company, valued at approximately $27,597.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Rush Enterprises news, CEO William M. Rusty Rush sold 117,500 shares of Rush Enterprises stock in a transaction dated Wednesday, November 6th. The stock was 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 directly owns 174,154 shares of the company’s stock, valued at $11,142,372.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jason Wilder sold 4,500 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $51.68, for a total transaction of $232,560.00. Following the sale, the senior vice president now owns 534 shares in the company, valued at $27,597.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 220,500 shares of company stock worth $13,552,133 over the last three months. Insiders own 12.53% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Stephens raised 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 Stock Down 0.9 %

RUSHA stock opened at $62.98 on Wednesday. Rush Enterprises, Inc. has a one year low of $37.68 and a one year high of $65.15. The firm has a market cap of $4.96 billion, a PE ratio of 16.71, a PEG ratio of 2.38 and a beta of 0.99. The firm’s 50 day moving average price is $53.30 and its 200-day moving average price is $48.94. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.40.

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

Rush Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.14%. The ex-dividend date is Tuesday, November 12th. Rush Enterprises’s dividend payout ratio (DPR) is presently 19.10%.

Rush Enterprises 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.