Farther Finance Advisors LLC Acquires 628 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Farther Finance Advisors LLC raised its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 73.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,479 shares of the company’s stock after purchasing an additional 628 shares during the quarter. Farther Finance Advisors LLC’s holdings in Rush Enterprises were worth $78,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Quarry LP bought a new stake in shares of Rush Enterprises in the second quarter valued at about $36,000. Blue Trust Inc. raised its holdings in shares of Rush Enterprises by 266.1% in the 3rd quarter. Blue Trust Inc. now owns 703 shares of the company’s stock valued at $37,000 after purchasing an additional 511 shares in the last quarter. Hexagon Capital Partners LLC lifted its position in shares of Rush Enterprises by 41.3% in the 2nd quarter. Hexagon Capital Partners LLC now owns 982 shares of the company’s stock worth $41,000 after purchasing an additional 287 shares during the period. Strategic Financial Concepts LLC bought a new position in shares of Rush Enterprises during the second quarter valued at approximately $41,000. Finally, GAMMA Investing LLC increased its holdings in Rush Enterprises by 147.5% during the third quarter. GAMMA Investing LLC now owns 787 shares of the company’s stock valued at $42,000 after buying an additional 469 shares during the period. 84.43% of the stock is owned by hedge funds and other institutional investors.

Rush Enterprises Stock Down 0.9 %

Shares of Rush Enterprises stock opened at $62.98 on Wednesday. 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 quick ratio of 0.28, a current ratio of 1.40 and a debt-to-equity ratio of 0.23. Rush Enterprises, Inc. has a 52-week low of $37.68 and a 52-week high of $65.15. The company has a market cap of $4.96 billion, a P/E ratio of 16.71, a PEG ratio of 2.38 and a beta of 0.99.

Rush Enterprises (NASDAQ:RUSHA) last announced its earnings results 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. Rush Enterprises had a return on equity of 15.43% and a net margin of 3.93%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the business earned $0.96 EPS. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, sell-side analysts predict that Rush Enterprises, Inc. will post 3.45 EPS for the current fiscal 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 dividend of $0.18 per share. The ex-dividend date is Tuesday, November 12th. This represents a $0.72 annualized dividend and a dividend yield of 1.14%. Rush Enterprises’s payout ratio is currently 19.10%.

Insiders Place Their Bets

In related news, SVP Jason Wilder sold 4,500 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $51.68, for a total transaction of $232,560.00. Following the completion of the transaction, the senior vice president now owns 534 shares of the company’s stock, valued at $27,597.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO William M. Rusty Rush sold 117,500 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $63.98, for a total transaction of $7,517,650.00. Following the sale, the chief executive officer now directly owns 174,154 shares of the company’s stock, valued at approximately $11,142,372.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Jason Wilder sold 4,500 shares of Rush Enterprises stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $51.68, for a total transaction of $232,560.00. Following the completion of the transaction, the senior vice president now directly owns 534 shares of the company’s stock, valued at $27,597.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 220,500 shares of company stock valued at $13,552,133. 12.53% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Stephens lifted their price target on Rush Enterprises from $66.00 to $69.00 and gave the company an “overweight” rating in a 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.