Voya Investment Management LLC Sells 1,884 Shares of Rush Enterprises, Inc. $RUSHA

Voya Investment Management LLC lessened its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 9.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,952 shares of the company’s stock after selling 1,884 shares during the quarter. Voya Investment Management LLC’s holdings in Rush Enterprises were worth $959,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. State of Wyoming increased its holdings in shares of 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 acquiring an additional 213 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake 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 valued at $26,000 after buying an additional 217 shares during the period. Smartleaf Asset Management LLC raised its stake in Rush Enterprises by 26.7% in the first quarter. Smartleaf Asset Management LLC now owns 1,078 shares of the company’s stock valued at $58,000 after buying an additional 227 shares during the period. GAMMA Investing LLC lifted its holdings in Rush Enterprises by 29.4% during the 1st quarter. GAMMA Investing LLC now owns 1,267 shares of the company’s stock worth $68,000 after purchasing an additional 288 shares during the last quarter. Finally, Wambolt & Associates LLC lifted its holdings in Rush Enterprises by 1.5% during the 1st quarter. Wambolt & Associates LLC now owns 22,067 shares of the company’s stock worth $1,223,000 after purchasing an additional 317 shares during the last quarter. 84.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Rush Enterprises Price Performance

RUSHA stock opened at $58.09 on Thursday. Rush Enterprises, Inc. has a 52-week low of $47.06 and a 52-week high of $65.43. The business has a 50-day simple moving average of $56.15 and a two-hundred day simple moving average of $53.25. The company has a market capitalization of $4.52 billion, a P/E ratio of 16.55, a price-to-earnings-growth ratio of 1.65 and a beta of 0.88. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.32 and a current ratio of 1.39.

Rush Enterprises (NASDAQ:RUSHA) last announced its earnings results on Wednesday, July 30th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.10. Rush Enterprises had a return on equity of 13.29% and a net margin of 3.73%.The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. Research analysts expect that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, August 12th were paid a $0.19 dividend. The ex-dividend date 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 1.3%. Rush Enterprises’s dividend payout ratio (DPR) is currently 21.65%.

Insider Buying and Selling at Rush Enterprises

In other Rush Enterprises news, Director Michael Mcroberts sold 6,000 shares of the business’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $54.64, for a total transaction of $327,840.00. Following the sale, the director owned 15,771 shares of the company’s stock, valued at $861,727.44. The trade was a 27.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Jason Wilder sold 4,980 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $55.55, for a total transaction of $276,639.00. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 15,480 shares of company stock valued at $862,104 in the last 90 days. 12.28% of the stock is currently owned by company insiders.

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.