Inspire Investing LLC Sells 15,522 Shares of Rush Enterprises, Inc. $RUSHA

Inspire Investing LLC decreased its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 70.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,438 shares of the company’s stock after selling 15,522 shares during the quarter. Inspire Investing LLC’s holdings in Rush Enterprises were worth $344,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. State of Wyoming raised its holdings in Rush Enterprises by 5.0% in the first quarter. State of Wyoming now owns 4,511 shares of the company’s stock worth $241,000 after purchasing an additional 213 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in Rush Enterprises by 82.2% in the first quarter. Caitong International Asset Management Co. Ltd now owns 481 shares of the company’s stock worth $26,000 after purchasing an additional 217 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Rush Enterprises by 26.7% in the first quarter. Smartleaf Asset Management LLC now owns 1,078 shares of the company’s stock worth $58,000 after purchasing an additional 227 shares in the last quarter. GAMMA Investing LLC raised its holdings in Rush Enterprises by 29.4% in the first quarter. GAMMA Investing LLC now owns 1,267 shares of the company’s stock worth $68,000 after purchasing an additional 288 shares in the last quarter. Finally, Wambolt & Associates LLC raised its holdings in Rush Enterprises by 1.5% in the first quarter. Wambolt & Associates LLC now owns 22,067 shares of the company’s stock worth $1,223,000 after purchasing an additional 317 shares in the last quarter. Institutional investors own 84.43% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on RUSHA. Wall Street Zen downgraded Rush Enterprises from a “buy” rating to a “hold” rating in a report on Sunday, July 13th. Stephens restated an “overweight” rating on shares of Rush Enterprises in a report on Monday, August 4th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $61.00.

Rush Enterprises Trading Up 0.6%

Rush Enterprises stock opened at $56.18 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.39 and a quick ratio of 0.32. Rush Enterprises, Inc. has a one year low of $47.06 and a one year high of $65.43. The stock has a market capitalization of $4.37 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 1.58 and a beta of 0.88. The business’s fifty day moving average is $55.66 and its 200 day moving average is $53.17.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.80 by $0.10. Rush Enterprises had a return on equity of 13.29% and a net margin of 3.73%.The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.89 billion. On average, sell-side analysts predict that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, August 12th were given a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This is a positive change from Rush Enterprises’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 1.4%. Rush Enterprises’s payout ratio is 21.65%.

Insiders Place Their Bets

In other Rush Enterprises news, SVP Michael L. Goldstone sold 4,500 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $57.25, for a total value of $257,625.00. Following the transaction, the senior vice president directly owned 12,510 shares of the company’s stock, valued at approximately $716,197.50. This trade represents a 26.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jason Wilder sold 4,980 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $55.55, for a total value of $276,639.00. Following the completion of the transaction, the chief operating officer directly owned 79,692 shares in the company, valued at $4,426,890.60. The trade was a 5.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,480 shares of company stock valued at $862,104. Insiders own 12.28% of the company’s stock.

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.