Rush Enterprises, Inc. $RUSHA Shares Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. boosted its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 664.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,962 shares of the company’s stock after buying an additional 86,023 shares during the period. Edgestream Partners L.P. owned 0.13% of Rush Enterprises worth $5,098,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. State of Wyoming grew its position in shares of Rush Enterprises by 5.0% during 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 during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of 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 purchasing an additional 217 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Rush Enterprises by 26.7% during 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 last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Rush Enterprises by 3.9% during the second quarter. Ameritas Investment Partners Inc. now owns 6,392 shares of the company’s stock worth $329,000 after buying an additional 237 shares during the period. Finally, Corbyn Investment Management Inc. MD boosted its position in shares of Rush Enterprises by 0.9% during the second quarter. Corbyn Investment Management Inc. MD now owns 28,058 shares of the company’s stock worth $1,445,000 after buying an additional 257 shares during the period. 84.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on RUSHA shares. Wall Street Zen raised Rush Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Stephens cut their price objective on shares of Rush Enterprises from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Rush Enterprises in a research report on Wednesday, October 8th. Finally, Zacks Research cut shares of Rush Enterprises from a “hold” rating to a “strong sell” rating in a research note on Monday, November 3rd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $55.00.

Rush Enterprises Trading Up 0.4%

Shares of RUSHA stock opened at $52.94 on Wednesday. The stock has a 50-day simple moving average of $50.75 and a 200 day simple moving average of $52.76. The stock has a market capitalization of $4.08 billion, a P/E ratio of 15.71, a P/E/G ratio of 1.44 and a beta of 0.93. Rush Enterprises, Inc. has a fifty-two week low of $45.67 and a fifty-two week high of $65.43. The company has a quick ratio of 0.32, a current ratio of 1.39 and a debt-to-equity ratio of 0.23.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings results on Thursday, May 20th. The company reported $0.79 earnings per share for the quarter. The company had revenue of $1.23 billion during the quarter. Rush Enterprises had a net margin of 3.57% and a return on equity of 12.61%. On average, sell-side analysts expect that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Wednesday, November 12th will be given a $0.19 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $0.76 annualized dividend and a yield of 1.4%. Rush Enterprises’s payout ratio is 22.55%.

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.