28,603 Shares in Rush Enterprises, Inc. (NASDAQ:RUSHA) Purchased by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC acquired a new position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 28,603 shares of the company’s stock, valued at approximately $1,567,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Blue Trust Inc. increased its stake in shares of Rush Enterprises by 266.1% in the third quarter. Blue Trust Inc. now owns 703 shares of the company’s stock worth $37,000 after acquiring an additional 511 shares during the last quarter. GAMMA Investing LLC increased its position in Rush Enterprises by 147.5% in the 3rd quarter. GAMMA Investing LLC now owns 787 shares of the company’s stock worth $42,000 after purchasing an additional 469 shares during the last quarter. Quarry LP purchased a new stake in shares of Rush Enterprises during the 2nd quarter worth about $36,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Rush Enterprises during the 3rd quarter valued at about $53,000. Finally, Costello Asset Management INC acquired a new stake in shares of Rush Enterprises during the 3rd quarter valued at about $58,000. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Rush Enterprises Stock Down 0.1 %

Shares of RUSHA stock traded down $0.04 on Monday, hitting $55.47. The company’s stock had a trading volume of 136,593 shares, compared to its average volume of 201,604. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of 14.71, a P/E/G ratio of 2.14 and a beta of 1.02. Rush Enterprises, Inc. has a fifty-two week low of $40.99 and a fifty-two week high of $65.15. The firm’s fifty day moving average price is $59.11 and its 200-day moving average price is $52.84. 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 released its quarterly earnings results on Tuesday, October 29th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.02. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.84 billion. Rush Enterprises had a return on equity of 15.43% and a net margin of 3.93%. The firm’s revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.96 EPS. Research analysts anticipate that Rush Enterprises, Inc. will post 3.64 EPS for the current year.

Rush Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.72 annualized dividend and a yield of 1.30%. Rush Enterprises’s dividend payout ratio (DPR) is presently 19.10%.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, CEO William M. Rusty Rush sold 117,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $63.98, for a total transaction of $7,517,650.00. Following the completion of the transaction, the chief executive officer now directly owns 174,154 shares in the company, valued at $11,142,372.92. The trade was a 40.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven L. Keller sold 43,875 shares of the firm’s stock in a transaction on 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 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 a total of 176,000 shares of company stock valued at $11,167,173 over the last 90 days. 12.53% of the stock is currently owned by company insiders.

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.