Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Sold by Leuthold Group LLC

Leuthold Group LLC trimmed its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 0.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,025 shares of the company’s stock after selling 603 shares during the period. Leuthold Group LLC owned 0.08% of Rush Enterprises worth $2,681,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of RUSHA. Hsbc Holdings PLC lifted its position in shares of Rush Enterprises by 53.4% in the second quarter. Hsbc Holdings PLC now owns 11,222 shares of the company’s stock valued at $473,000 after acquiring an additional 3,905 shares in the last quarter. Denali Advisors LLC raised its stake in Rush Enterprises by 42.9% in the 2nd quarter. Denali Advisors LLC now owns 148,785 shares of the company’s stock valued at $6,230,000 after purchasing an additional 44,700 shares during the last quarter. Edgestream Partners L.P. lifted its holdings in Rush Enterprises by 678.7% in the 2nd quarter. Edgestream Partners L.P. now owns 130,602 shares of the company’s stock valued at $5,468,000 after purchasing an additional 113,831 shares in the last quarter. Wambolt & Associates LLC boosted its stake in Rush Enterprises by 6.8% during the 2nd quarter. Wambolt & Associates LLC now owns 24,412 shares of the company’s stock worth $1,006,000 after purchasing an additional 1,557 shares during the last quarter. Finally, Beverly Hills Private Wealth LLC grew its holdings in shares of Rush Enterprises by 35.3% during the second quarter. Beverly Hills Private Wealth LLC now owns 22,533 shares of the company’s stock worth $943,000 after buying an additional 5,875 shares in the last quarter. Institutional investors and hedge funds own 84.43% of the company’s stock.

Rush Enterprises Trading Up 3.3 %

Shares of Rush Enterprises stock opened at $53.15 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.40 and a quick ratio of 0.28. The stock’s 50 day simple moving average is $50.27 and its 200-day simple moving average is $47.74. The stock has a market cap of $4.19 billion, a P/E ratio of 13.43, a P/E/G ratio of 1.92 and a beta of 1.01. Rush Enterprises, Inc. has a 1-year low of $34.68 and a 1-year high of $56.64.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.20. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.86 billion. Rush Enterprises had a return on equity of 15.85% and a net margin of 3.90%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 earnings per share. Analysts predict that Rush Enterprises, Inc. will post 3.44 EPS for the current fiscal year.

Rush Enterprises Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 13th were issued 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 is currently 18.20%.

Wall Street Analyst Weigh In

Separately, Stephens assumed coverage on shares of Rush Enterprises in a research note on Monday, July 8th. They issued an “overweight” rating on the stock.

Insider Buying and Selling

In other news, CEO William M. Rusty Rush sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $53.81, for a total transaction of $2,152,400.00. Following the completion of the sale, the chief executive officer now owns 174,154 shares in the company, valued at approximately $9,371,226.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Rush Enterprises news, SVP Michael L. Goldstone sold 7,875 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $51.25, for a total value of $403,593.75. Following the transaction, the senior vice president now owns 12,238 shares of the company’s stock, valued at $627,197.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO William M. Rusty Rush sold 40,000 shares of the stock in a transaction dated 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 directly owns 174,154 shares of the company’s stock, valued at approximately $9,371,226.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 64,875 shares of company stock worth $3,422,554. Insiders own 12.53% of the company’s stock.

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.