Wealth Enhancement Advisory Services LLC Grows Stake in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Wealth Enhancement Advisory Services LLC raised its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 21.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,743 shares of the company’s stock after purchasing an additional 1,746 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Rush Enterprises were worth $408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC boosted its stake in Rush Enterprises by 352.2% during the first quarter. GAMMA Investing LLC now owns 520 shares of the company’s stock worth $28,000 after buying an additional 405 shares during the period. Hexagon Capital Partners LLC boosted its stake in Rush Enterprises by 70.3% during the first quarter. Hexagon Capital Partners LLC now owns 695 shares of the company’s stock worth $37,000 after buying an additional 287 shares during the period. Neo Ivy Capital Management purchased a new position in Rush Enterprises during the fourth quarter worth $43,000. Future Financial Wealth Managment LLC purchased a new position in Rush Enterprises during the first quarter worth $54,000. Finally, Clear Street Markets LLC purchased a new position in Rush Enterprises during the fourth quarter worth $100,000. 84.43% of the stock is owned by institutional investors.

Insider Buying and Selling at Rush Enterprises

In other Rush Enterprises news, CEO William M. Rusty Rush sold 40,000 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $53.81, for a total transaction of $2,152,400.00. Following the completion of the transaction, the chief executive officer now directly owns 174,154 shares in the company, valued at $9,371,226.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Rush Enterprises news, CEO William M. Rusty Rush sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $53.81, for a total transaction of $2,152,400.00. Following the completion of the sale, the chief executive officer now directly owns 174,154 shares in the company, valued at approximately $9,371,226.74. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Michael Mcroberts sold 12,500 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $50.72, for a total value of $634,000.00. Following the sale, the chief operating officer now owns 15,220 shares of the company’s stock, valued at $771,958.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 64,875 shares of company stock valued at $3,422,554. 12.53% of the stock is owned by insiders.

Rush Enterprises Price Performance

RUSHA opened at $53.64 on Friday. The business’s 50-day moving average is $47.25 and its two-hundred day moving average is $47.28. Rush Enterprises, Inc. has a 1 year low of $34.68 and a 1 year high of $56.64. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.40 and a quick ratio of 0.28. The firm has a market capitalization of $4.22 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 2.07 and a beta of 1.01.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.77 by $0.20. The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.86 billion. Rush Enterprises had a net margin of 3.90% and a return on equity of 15.85%. Rush Enterprises’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm posted $1.17 EPS. Research analysts anticipate that Rush Enterprises, Inc. will post 3.28 earnings per share for the current fiscal year.

Rush Enterprises Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 13th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Tuesday, August 13th. This is a boost from Rush Enterprises’s previous quarterly dividend of $0.17. Rush Enterprises’s dividend payout ratio (DPR) is 18.18%.

Analyst Ratings Changes

Separately, Stephens started coverage on Rush Enterprises in a research report on Monday, July 8th. They set an “overweight” rating for the company.

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.