International Assets Investment Management LLC Purchases 18,555 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

International Assets Investment Management LLC increased its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 5,183.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,913 shares of the company’s stock after purchasing an additional 18,555 shares during the quarter. International Assets Investment Management LLC’s holdings in Rush Enterprises were worth $999,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. William Blair Investment Management LLC grew its position in shares of Rush Enterprises by 239.1% during the 1st quarter. William Blair Investment Management LLC now owns 794,375 shares of the company’s stock valued at $42,515,000 after purchasing an additional 560,138 shares in the last quarter. Edgestream Partners L.P. lifted its stake in Rush Enterprises by 678.7% in the second quarter. Edgestream Partners L.P. now owns 130,602 shares of the company’s stock worth $5,468,000 after purchasing an additional 113,831 shares during the last quarter. Cooke & Bieler LP raised its stake in shares of Rush Enterprises by 10.1% during the second quarter. Cooke & Bieler LP now owns 1,092,709 shares of the company’s stock valued at $45,752,000 after acquiring an additional 100,318 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in shares of Rush Enterprises during the second quarter valued at about $41,000. Finally, Castleark Management LLC bought a new position in shares of Rush Enterprises during the first quarter valued at about $4,637,000. 84.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Rush Enterprises

In other Rush Enterprises news, CEO William M. Rusty Rush sold 40,000 shares of Rush Enterprises stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $53.81, for a total value of $2,152,400.00. Following the completion of the transaction, the chief executive officer now directly owns 174,154 shares of the company’s stock, valued at $9,371,226.74. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, COO Michael Mcroberts sold 12,500 shares of Rush Enterprises stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $50.72, for a total transaction of $634,000.00. Following the completion of the transaction, the chief operating officer now directly owns 15,220 shares of the company’s stock, valued at approximately $771,958.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William M. Rusty Rush sold 40,000 shares of Rush Enterprises stock in a transaction dated 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 transaction, the chief executive officer now directly owns 174,154 shares of the company’s stock, valued at approximately $9,371,226.74. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 64,875 shares of company stock valued at $3,422,554. Corporate insiders own 12.53% of the company’s stock.

Rush Enterprises Stock Up 1.1 %

RUSHA opened at $58.08 on Tuesday. The company has a market capitalization of $4.57 billion, a PE ratio of 15.41, a PEG ratio of 2.14 and a beta of 0.99. Rush Enterprises, Inc. has a 1-year low of $36.83 and a 1-year high of $60.55. The firm’s 50 day simple moving average is $51.94 and its two-hundred day simple moving average is $48.22. The company has a current ratio of 1.40, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.95 by $0.02. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.84 billion. Rush Enterprises had a net margin of 3.93% and a return on equity of 15.43%. The company’s revenue was down 4.3% on a year-over-year basis. During the same period last year, the firm earned $0.96 EPS. As a group, equities analysts forecast 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. Investors of record on Tuesday, November 12th will be paid a dividend of $0.18 per share. The ex-dividend date is Tuesday, November 12th. This represents a $0.72 annualized dividend and a yield of 1.24%. Rush Enterprises’s payout ratio is 19.10%.

Wall Street Analyst Weigh In

Separately, Stephens upped their price objective on shares of Rush Enterprises from $66.00 to $69.00 and gave the stock an “overweight” rating in a report on Friday.

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.