Leuthold Group LLC Sells 1,523 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Leuthold Group LLC decreased its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 2.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 62,502 shares of the company’s stock after selling 1,523 shares during the period. Leuthold Group LLC’s holdings in Rush Enterprises were worth $3,302,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of RUSHA. Hexagon Capital Partners LLC grew its stake in shares of Rush Enterprises by 70.3% during the 1st quarter. Hexagon Capital Partners LLC now owns 695 shares of the company’s stock worth $37,000 after purchasing an additional 287 shares during the period. Blue Trust Inc. lifted its position in shares of 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 buying an additional 511 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Rush Enterprises by 147.5% in 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 in the last quarter. Quarry LP purchased a new position in Rush Enterprises in the 2nd quarter valued at $36,000. Finally, Future Financial Wealth Managment LLC purchased a new position in Rush Enterprises in the 3rd quarter valued at $53,000. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Insider Activity

In other Rush Enterprises news, CEO William M. Rusty Rush sold 40,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 174,154 shares of the company’s stock, valued at $9,371,226.74. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, COO Michael Mcroberts sold 12,500 shares of Rush Enterprises stock in a transaction on Friday, August 9th. The stock was sold at an average price of $50.72, for a total transaction of $634,000.00. Following the transaction, the chief operating officer now owns 15,220 shares in the company, valued at approximately $771,958.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale 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 Rush Enterprises stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $53.81, for a total value of $2,152,400.00. Following the sale, the chief executive officer now directly 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 64,875 shares of company stock worth $3,422,554. 12.53% of the stock is currently owned by corporate insiders.

Rush Enterprises Stock Performance

Shares of Rush Enterprises stock opened at $53.51 on Monday. Rush Enterprises, Inc. has a one year low of $34.73 and a one year high of $56.64. The company has a market cap of $4.21 billion, a PE ratio of 14.23, a P/E/G ratio of 2.03 and a beta of 1.01. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.28 and a current ratio of 1.40. The business has a 50-day simple moving average of $51.52 and a 200-day simple moving average of $47.98.

Rush Enterprises (NASDAQ:RUSHA) last posted its earnings results on Wednesday, July 31st. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.20. Rush Enterprises had a return on equity of 15.85% and a net margin of 3.90%. The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the business earned $1.17 earnings per share. The firm’s revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts forecast that Rush Enterprises, Inc. will post 3.44 EPS for the current fiscal year.

Rush Enterprises Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th were paid a $0.18 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.35%. This is a positive change from Rush Enterprises’s previous quarterly dividend of $0.17. Rush Enterprises’s dividend payout ratio (DPR) is 19.15%.

Analysts Set New Price Targets

Separately, Stephens assumed coverage on Rush Enterprises in a report on Monday, July 8th. They set an “overweight” rating on the stock.

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.