Universal Beteiligungs und Servicegesellschaft mbH Sells 56,330 Shares of Rush Enterprises, Inc. $RUSHA

Universal Beteiligungs und Servicegesellschaft mbH cut its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 29.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 137,118 shares of the company’s stock after selling 56,330 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.18% of Rush Enterprises worth $7,332,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of RUSHA. Farther Finance Advisors LLC boosted its holdings in shares of Rush Enterprises by 250.0% in the third quarter. Farther Finance Advisors LLC now owns 511 shares of the company’s stock valued at $27,000 after buying an additional 365 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Rush Enterprises by 427.7% during the second quarter. EverSource Wealth Advisors LLC now owns 781 shares of the company’s stock worth $40,000 after acquiring an additional 633 shares during the period. Lazard Asset Management LLC bought a new stake in Rush Enterprises in the 2nd quarter valued at $73,000. Smithfield Trust Co boosted its stake in Rush Enterprises by 864.5% in the 2nd quarter. Smithfield Trust Co now owns 1,765 shares of the company’s stock worth $91,000 after purchasing an additional 1,582 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in Rush Enterprises by 8.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,969 shares of the company’s stock worth $159,000 after purchasing an additional 219 shares during the period. 84.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Zacks Research upgraded Rush Enterprises from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Rush Enterprises in a research report on Thursday. Wall Street Zen upgraded Rush Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Finally, Stephens decreased their price target on shares of Rush Enterprises from $60.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $55.00.

Rush Enterprises Stock Performance

Shares of RUSHA opened at $63.08 on Monday. The company has a market cap of $4.86 billion, a PE ratio of 18.72, a price-to-earnings-growth ratio of 0.77 and a beta of 0.92. The firm has a 50-day moving average of $55.85 and a 200-day moving average of $54.50. Rush Enterprises, Inc. has a one year low of $45.67 and a one year high of $66.11. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 0.34.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.02. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Rush Enterprises had a return on equity of 12.52% and a net margin of 3.57%. As a group, equities analysts forecast that Rush Enterprises, Inc. will post 3.91 earnings per share for the current year.

Rush Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Wednesday, November 12th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Wednesday, November 12th. Rush Enterprises’s payout ratio is currently 22.55%.

Rush Enterprises Profile

Rush Enterprises, Inc, headquartered in New Braunfels, Texas, is a leading distributor of commercial vehicles and related products in the United States. Through its Rush Truck Centers subsidiary, the company sells new and used medium- and heavy-duty trucks, buses and specialty vehicles, while also offering factory-authorized parts, collision repair, maintenance and warranty support across its network of dealerships.

Founded in 1965, Rush Enterprises has grown to encompass more than 150 locations in over 20 states, partnering with major manufacturers including Kenworth, Peterbilt, Freightliner, Volvo and Mack.