Quantinno Capital Management LP Boosts Stock Holdings in Rush Enterprises, Inc. $RUSHA

Quantinno Capital Management LP increased its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 99.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,316 shares of the company’s stock after acquiring an additional 13,127 shares during the period. Quantinno Capital Management LP’s holdings in Rush Enterprises were worth $1,740,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RUSHA. Root Financial Partners LLC grew its stake in Rush Enterprises by 75.4% during the 1st quarter. Root Financial Partners LLC now owns 407 shares of the company’s stock worth $27,000 after purchasing an additional 175 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in Rush Enterprises by 495.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 518 shares of the company’s stock valued at $28,000 after purchasing an additional 431 shares in the last quarter. Private Trust Co. NA boosted its stake in shares of Rush Enterprises by 211.4% in the 4th quarter. Private Trust Co. NA now owns 545 shares of the company’s stock valued at $29,000 after buying an additional 370 shares during the period. Measured Wealth Private Client Group LLC purchased a new position in shares of Rush Enterprises in the 3rd quarter valued at about $34,000. Finally, Allworth Financial LP grew its position in shares of Rush Enterprises by 5,790.9% during the third quarter. Allworth Financial LP now owns 648 shares of the company’s stock worth $35,000 after buying an additional 637 shares in the last quarter. 84.43% of the stock is currently owned by hedge funds and other institutional investors.

Rush Enterprises Stock Up 1.7%

Shares of NASDAQ RUSHA opened at $81.59 on Wednesday. The business has a 50-day moving average of $50.01 and a two-hundred day moving average of $47.48. The company has a market capitalization of $6.34 billion, a price-to-earnings ratio of 24.58, a price-to-earnings-growth ratio of 1.77 and a beta of 0.87. Rush Enterprises, Inc. has a 1 year low of $45.67 and a 1 year high of $83.61. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.45 and a quick ratio of 0.38.

Rush Enterprises’s stock is going to split on the morning of Tuesday, September 1st. The 3-2 split was recently announced. The newly issued shares will be distributed to shareholders after the market closes on Monday, August 31st.

Rush Enterprises (NASDAQ:RUSHA) last issued its earnings results on Tuesday, July 28th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.04. Rush Enterprises had a return on equity of 11.65% and a net margin of 3.67%.The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. On average, analysts forecast that Rush Enterprises, Inc. will post 3.75 earnings per share for the current fiscal year.

Rush Enterprises Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Wednesday, September 9th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.7%. The ex-dividend date is Wednesday, September 9th. Rush Enterprises’s dividend payout ratio is currently 22.89%.

Insider Activity at Rush Enterprises

In other Rush Enterprises news, SVP Michael L. Goldstone sold 3,150 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $54.20, for a total transaction of $170,730.00. Following the sale, the senior vice president owned 18,885 shares of the company’s stock, valued at approximately $1,023,567. This trade represents a 14.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Mcroberts sold 9,750 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $54.29, for a total transaction of $529,360.00. Following the sale, the director owned 24,343 shares of the company’s stock, valued at $1,321,662.61. This represents a 28.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 168,375 shares of company stock worth $9,092,352 in the last ninety days. Company insiders own 12.68% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wolfe Research began coverage on shares of Rush Enterprises in a research note on Monday, April 27th. They set an “outperform” rating and a $58.67 target price on the stock. Wall Street Zen downgraded shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Sunday, June 14th. Stephens boosted their price target on shares of Rush Enterprises from $60.00 to $63.33 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Weiss Ratings raised shares of Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 23rd. Finally, UBS Group raised their price objective on shares of Rush Enterprises from $48.67 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Rush Enterprises presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Rush Enterprises Company Profile

Rush Enterprises, Inc, headquartered in New Braunfels, Texas, is a leading distributor of commercial vehicles and related products in the United States. Through its Rush Truck Centers subsidiary, the company sells new and used medium- and heavy-duty trucks, buses and specialty vehicles, while also offering factory-authorized parts, collision repair, maintenance and warranty support across its network of dealerships.

Founded in 1965, Rush Enterprises has grown to encompass more than 150 locations in over 20 states, partnering with major manufacturers including Kenworth, Peterbilt, Freightliner, Volvo and Mack.