Commonwealth Equity Services LLC Invests $641,000 in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Commonwealth Equity Services LLC acquired a new position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 16,622 shares of the company’s stock, valued at approximately $641,000.

Several other hedge funds and other institutional investors have also modified their holdings of RUSHA. Cortina Asset Management LLC boosted its position in shares of Rush Enterprises by 67.5% during the second quarter. Cortina Asset Management LLC now owns 167,693 shares of the company’s stock worth $6,124,000 after buying an additional 67,588 shares during the period. Denali Advisors LLC boosted its position in shares of Rush Enterprises by 294.4% during the second quarter. Denali Advisors LLC now owns 21,300 shares of the company’s stock worth $778,000 after buying an additional 15,900 shares during the period. Campbell & CO Investment Adviser LLC boosted its position in shares of Rush Enterprises by 124.0% during the second quarter. Campbell & CO Investment Adviser LLC now owns 18,335 shares of the company’s stock worth $670,000 after buying an additional 10,151 shares during the period. Foundry Partners LLC boosted its position in shares of Rush Enterprises by 48.4% during the second quarter. Foundry Partners LLC now owns 97,604 shares of the company’s stock worth $3,564,000 after buying an additional 31,814 shares during the period. Finally, Bessemer Group Inc. boosted its position in shares of Rush Enterprises by 19.5% during the second quarter. Bessemer Group Inc. now owns 72,300 shares of the company’s stock worth $2,640,000 after buying an additional 11,800 shares during the period. Institutional investors and hedge funds own 73.97% of the company’s stock.

Shares of NASDAQ:RUSHA opened at $44.61 on Monday. Rush Enterprises, Inc. has a 12 month low of $31.53 and a 12 month high of $45.99. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 0.78 and a beta of 1.33. The stock’s 50 day moving average price is $40.94 and its 200 day moving average price is $38.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.14 and a quick ratio of 0.22.

Rush Enterprises (NASDAQ:RUSHA) last announced its earnings results on Wednesday, October 23rd. The company reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.04. Rush Enterprises had a return on equity of 14.98% and a net margin of 2.73%. The firm had revenue of $1.60 billion for the quarter. On average, sell-side analysts expect that Rush Enterprises, Inc. will post 3.8 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 8th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.52 annualized dividend and a dividend yield of 1.17%. Rush Enterprises’s dividend payout ratio is currently 13.51%.

In other Rush Enterprises news, CFO Steven L. Keller sold 18,000 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $43.98, for a total transaction of $791,640.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William M. Rusty Rush sold 23,657 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $44.81, for a total transaction of $1,060,070.17. Following the sale, the chief executive officer now directly owns 105,718 shares in the company, valued at $4,737,223.58. The disclosure for this sale can be found here. 12.43% of the stock is currently owned by corporate insiders.

Several equities research analysts recently commented on RUSHA shares. Zacks Investment Research raised Rush Enterprises from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. BidaskClub cut Rush Enterprises from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 2nd. Finally, ValuEngine cut Rush Enterprises from a “sell” rating to a “strong sell” rating in a report on Thursday, October 10th.

Rush Enterprises Profile

Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States. 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, Mitsubishi Fuso, IC Bus, or Blue Bird; provides new and used commercial vehicles, and aftermarket parts, as well as service and repair, financing, and leasing and rental services; and offers property and casualty insurance, including collision and liability insurance on commercial vehicles, cargo insurance, and credit life insurance to its commercial vehicle customers.

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Institutional Ownership by Quarter for Rush Enterprises (NASDAQ:RUSHA)

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