Swiss National Bank Has $6.39 Million Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Swiss National Bank trimmed its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 0.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 120,950 shares of the company’s stock after selling 600 shares during the period. Swiss National Bank’s holdings in Rush Enterprises were worth $6,390,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in RUSHA. Hexagon Capital Partners LLC increased its position in Rush Enterprises by 41.3% during 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. Arizona State Retirement System boosted its stake in shares of Rush Enterprises by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 17,296 shares of the company’s stock worth $724,000 after acquiring an additional 367 shares in the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of Rush Enterprises by 5.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 7,785 shares of the company’s stock valued at $411,000 after acquiring an additional 370 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Rush Enterprises by 1.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,270 shares of the company’s stock valued at $1,477,000 after acquiring an additional 405 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Rush Enterprises by 147.5% in the 3rd quarter. GAMMA Investing LLC now owns 787 shares of the company’s stock worth $42,000 after purchasing an additional 469 shares during the last quarter. Institutional investors own 84.43% of the company’s stock.

Insider Transactions at Rush Enterprises

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

Rush Enterprises Stock Down 1.8 %

Rush Enterprises stock opened at $61.74 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.28. Rush Enterprises, Inc. has a fifty-two week low of $38.43 and a fifty-two week high of $65.15. The firm has a fifty day moving average price of $55.36 and a two-hundred day moving average price of $49.95. The firm has a market cap of $4.88 billion, a price-to-earnings ratio of 16.38, a P/E/G ratio of 2.27 and a beta of 0.99.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings data 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. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Rush Enterprises had a return on equity of 15.43% and a net margin of 3.93%. The firm’s revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 EPS. As a group, analysts forecast that Rush Enterprises, Inc. will post 3.45 earnings per share for the current year.

Rush Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 12th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.72 annualized dividend and a dividend yield of 1.17%. Rush Enterprises’s payout ratio is 19.10%.

Analyst Upgrades and Downgrades

Separately, Stephens lifted their price target on shares of Rush Enterprises from $66.00 to $69.00 and gave the company 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.