Atria Investments Inc Sells 1,465 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Atria Investments Inc lowered its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 8.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,718 shares of the company’s stock after selling 1,465 shares during the quarter. Atria Investments Inc’s holdings in Rush Enterprises were worth $883,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP bought a new position in Rush Enterprises in the 2nd quarter valued at approximately $36,000. Blue Trust Inc. increased its holdings in Rush Enterprises by 266.1% in the 3rd quarter. Blue Trust Inc. now owns 703 shares of the company’s stock worth $37,000 after purchasing an additional 511 shares in the last quarter. Hexagon Capital Partners LLC increased its holdings in Rush Enterprises by 41.3% in the 2nd quarter. Hexagon Capital Partners LLC now owns 982 shares of the company’s stock worth $41,000 after purchasing an additional 287 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of Rush Enterprises during the second quarter valued at about $41,000. Finally, GAMMA Investing LLC boosted its stake in shares of Rush Enterprises by 147.5% during the third quarter. GAMMA Investing LLC now owns 787 shares of the company’s stock valued at $42,000 after purchasing an additional 469 shares in the last quarter. Institutional investors and hedge funds own 84.43% of the company’s stock.

Rush Enterprises Price Performance

RUSHA stock opened at $60.66 on Monday. Rush Enterprises, Inc. has a 1 year low of $38.10 and a 1 year high of $65.15. The stock has a market capitalization of $4.78 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 2.29 and a beta of 0.99. The company’s 50-day moving average is $54.04 and its 200-day moving average is $49.30. 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 (NASDAQ:RUSHA) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.02. Rush Enterprises had a net margin of 3.93% and a return on equity of 15.43%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the business posted $0.96 EPS. Rush Enterprises’s quarterly revenue was down 4.3% on a year-over-year basis. Equities research analysts expect that Rush Enterprises, Inc. will post 3.45 EPS for the current fiscal year.

Rush Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Tuesday, November 12th. Rush Enterprises’s dividend payout ratio is 19.10%.

Insider Transactions at Rush Enterprises

In other Rush Enterprises news, CEO William M. Rusty Rush sold 117,500 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $63.98, for a total value of $7,517,650.00. Following the transaction, the chief executive officer now owns 174,154 shares of the company’s stock, valued at approximately $11,142,372.92. The trade was a 40.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jason Wilder sold 4,500 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was 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 $27,597.12. This trade represents a 89.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 220,500 shares of company stock worth $13,552,133 in the last quarter. 12.53% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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