Blue Trust Inc. Has $37,000 Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Blue Trust Inc. grew its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 266.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 703 shares of the company’s stock after acquiring an additional 511 shares during the period. Blue Trust Inc.’s holdings in Rush Enterprises were worth $37,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of RUSHA. Hexagon Capital Partners LLC raised its position in shares of Rush Enterprises by 41.3% in the second quarter. Hexagon Capital Partners LLC now owns 982 shares of the company’s stock valued at $41,000 after buying an additional 287 shares in the last quarter. Arizona State Retirement System raised its position in shares of Rush Enterprises by 2.2% in the second quarter. Arizona State Retirement System now owns 17,296 shares of the company’s stock valued at $724,000 after buying an additional 367 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Rush Enterprises by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 35,270 shares of the company’s stock valued at $1,477,000 after buying an additional 405 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Rush Enterprises by 147.5% in 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 in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of Rush Enterprises by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 31,100 shares of the company’s stock valued at $1,302,000 after buying an additional 600 shares in the last quarter. 84.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Activity at Rush Enterprises

In other Rush Enterprises news, CEO William M. Rusty Rush sold 40,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $53.81, for a total transaction of $2,152,400.00. Following the sale, the chief executive officer now owns 174,154 shares of the company’s stock, valued at approximately $9,371,226.74. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Rush Enterprises news, SVP Jason Wilder sold 4,500 shares of the business’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 sale, the senior vice president now owns 534 shares of the company’s stock, valued at approximately $27,597.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William M. Rusty Rush sold 40,000 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $53.81, for a total transaction of $2,152,400.00. Following the sale, the chief executive officer now directly owns 174,154 shares in the company, valued at approximately $9,371,226.74. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 64,875 shares of company stock valued at $3,422,554 over the last three months. 12.53% of the stock is owned by insiders.

Rush Enterprises Stock Performance

Shares of NASDAQ:RUSHA opened at $57.46 on Friday. The company’s 50 day simple moving average is $51.94 and its 200 day simple moving average is $48.23. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of 15.24, a price-to-earnings-growth ratio of 2.20 and a beta of 1.01. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.28. Rush Enterprises, Inc. has a 1 year low of $36.40 and a 1 year high of $60.55.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.02. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Rush Enterprises had a net margin of 3.93% and a return on equity of 15.43%. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period last year, the firm posted $0.96 earnings per share. As a group, research analysts predict that Rush Enterprises, Inc. will post 3.45 EPS for the current fiscal year.

Rush Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, November 12th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.72 dividend on an annualized basis and a yield of 1.25%. Rush Enterprises’s dividend payout ratio (DPR) is 19.10%.

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.