Intech Investment Management LLC Invests $1.52 Million in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Intech Investment Management LLC acquired a new position in Rush Enterprises, Inc. (NASDAQ:RUSHA) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 28,834 shares of the company’s stock, valued at approximately $1,523,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. raised its stake in Rush Enterprises by 266.1% during the 3rd quarter. Blue Trust Inc. now owns 703 shares of the company’s stock valued at $37,000 after purchasing an additional 511 shares during the last quarter. GAMMA Investing LLC raised its stake in Rush Enterprises by 147.5% during the 3rd quarter. GAMMA Investing LLC now owns 787 shares of the company’s stock valued at $42,000 after purchasing an additional 469 shares during the last quarter. Quarry LP acquired a new position in Rush Enterprises during the 2nd quarter valued at $36,000. Hexagon Capital Partners LLC raised its stake in Rush Enterprises by 41.3% during the 2nd quarter. Hexagon Capital Partners LLC now owns 982 shares of the company’s stock valued at $41,000 after purchasing an additional 287 shares during the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new position in Rush Enterprises during the 3rd quarter valued at $53,000. 84.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Rush Enterprises

In other news, CEO William M. Rusty Rush sold 117,500 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $63.98, for a total value of $7,517,650.00. Following the sale, the chief executive officer now owns 174,154 shares of the company’s stock, valued at approximately $11,142,372.92. This represents a 40.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven L. Keller sold 43,875 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $63.68, for a total transaction of $2,793,960.00. Following the completion of the sale, the chief financial officer now directly owns 83,365 shares in the company, valued at approximately $5,308,683.20. The trade was a 34.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 176,000 shares of company stock valued at $11,167,173 in the last 90 days. 12.53% of the stock is currently owned by company insiders.

Rush Enterprises Trading Up 4.8 %

Shares of Rush Enterprises stock opened at $62.87 on Tuesday. The firm has a market capitalization of $4.97 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 2.27 and a beta of 0.99. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.28. The company’s fifty day moving average price is $55.36 and its two-hundred day moving average price is $49.95. Rush Enterprises, Inc. has a 52-week low of $38.43 and a 52-week high of $65.15.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.02. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.84 billion. Rush Enterprises had a net margin of 3.93% and a return on equity of 15.43%. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 EPS. On average, analysts expect that Rush Enterprises, Inc. will post 3.45 EPS for the current year.

Rush Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, November 12th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Tuesday, November 12th. Rush Enterprises’s dividend payout ratio (DPR) is presently 19.10%.

Analyst Ratings Changes

Separately, Stephens upped their target price on shares of Rush Enterprises from $66.00 to $69.00 and gave the company an “overweight” rating in a research note on Friday, November 1st.

Rush Enterprises 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.