Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 1.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,616,048 shares of the company’s stock after acquiring an additional 16,803 shares during the quarter. Geode Capital Management LLC owned 2.05% of Rush Enterprises worth $85,390,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Quarry LP bought a new position in Rush Enterprises in the second quarter worth about $36,000. Blue Trust Inc. raised 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 worth $37,000 after purchasing an additional 511 shares during the period. Strategic Financial Concepts LLC bought a new stake in shares of Rush Enterprises in the 2nd quarter worth approximately $41,000. GAMMA Investing LLC boosted its position 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 period. Finally, Future Financial Wealth Managment LLC bought a new position in Rush Enterprises during the 3rd quarter worth $53,000. 84.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Transactions at Rush Enterprises

In other Rush Enterprises news, CFO Steven L. Keller sold 43,875 shares of Rush Enterprises stock in a transaction on Wednesday, November 6th. The shares were 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 of the company’s stock, valued at $5,308,683.20. This trade represents a 34.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO William M. Rusty Rush sold 117,500 shares of the business’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 completion of the transaction, the chief executive officer now owns 174,154 shares in the company, valued at $11,142,372.92. This trade represents a 40.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 176,000 shares of company stock valued at $11,167,173. Corporate insiders own 12.53% of the company’s stock.

Rush Enterprises Trading Down 1.5 %

Rush Enterprises stock opened at $55.40 on Friday. Rush Enterprises, Inc. has a 52-week low of $40.99 and a 52-week high of $65.15. The company has a quick ratio of 0.28, a current ratio of 1.40 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 2.14 and a beta of 1.00. The firm has a 50-day moving average price of $58.55 and a two-hundred day moving average price of $51.82.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings data 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. Rush Enterprises had a return on equity of 15.43% and a net margin of 3.93%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the firm posted $0.96 earnings per share. The business’s revenue was down 4.3% on a year-over-year basis. Sell-side analysts expect that Rush Enterprises, Inc. will post 3.64 earnings per share for the current year.

Rush Enterprises Dividend Announcement

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

About Rush Enterprises

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.