Rush Enterprises, Inc. (NASDAQ:RUSHA) Stock Holdings Increased by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC increased its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 70.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 695 shares of the company’s stock after purchasing an additional 287 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Rush Enterprises were worth $37,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Rush Enterprises by 6.1% in the 4th quarter. Vanguard Group Inc. now owns 7,336,456 shares of the company’s stock valued at $369,024,000 after buying an additional 420,978 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Rush Enterprises by 2.6% during the 4th quarter. Wellington Management Group LLP now owns 6,354,756 shares of the company’s stock valued at $319,644,000 after purchasing an additional 161,679 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Rush Enterprises by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,765,604 shares of the company’s stock valued at $239,704,000 after purchasing an additional 32,091 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Rush Enterprises by 41.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,531,048 shares of the company’s stock valued at $103,343,000 after purchasing an additional 744,310 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Rush Enterprises by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 981,385 shares of the company’s stock worth $49,364,000 after purchasing an additional 15,731 shares in the last quarter. 84.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Rush Enterprises

In other news, SVP Jason Wilder sold 11,250 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $46.23, for a total transaction of $520,087.50. Following the transaction, the senior vice president now owns 534 shares in the company, valued at approximately $24,686.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 12.53% of the stock is currently owned by corporate insiders.

Rush Enterprises Trading Down 1.6 %

Shares of RUSHA stock opened at $41.22 on Tuesday. Rush Enterprises, Inc. has a 12 month low of $34.68 and a 12 month high of $53.78. The company has a market cap of $3.24 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 1.92 and a beta of 1.02. The company has a quick ratio of 0.28, a current ratio of 1.43 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average is $44.24 and its two-hundred day moving average is $46.58.

Rush Enterprises (NASDAQ:RUSHA) last posted its earnings results on Tuesday, April 23rd. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.08. The business had revenue of $1.87 billion for the quarter. Rush Enterprises had a net margin of 4.16% and a return on equity of 17.16%. During the same quarter in the previous year, the business posted $1.07 earnings per share. Equities analysts predict that Rush Enterprises, Inc. will post 2.98 EPS for the current year.

Rush Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Thursday, May 9th were given a $0.17 dividend. The ex-dividend date was Wednesday, May 8th. This represents a $0.68 annualized dividend and a dividend yield of 1.65%. Rush Enterprises’s dividend payout ratio is 17.19%.

Analyst Upgrades and Downgrades

Separately, Stephens reaffirmed an “overweight” rating and issued a $60.00 price target on shares of Rush Enterprises in a research report on Wednesday, April 24th.

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.