Blue Trust Inc. Has $37,000 Stock Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Blue Trust Inc. boosted its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 266.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 703 shares of the company’s stock after buying an additional 511 shares during the quarter. Blue Trust Inc.’s holdings in Rush Enterprises were worth $37,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. UniSuper Management Pty Ltd acquired a new position in shares of Rush Enterprises in the 1st quarter valued at $612,000. Edgestream Partners L.P. acquired a new position in shares of Rush Enterprises in the 1st quarter valued at $898,000. Janney Montgomery Scott LLC acquired a new position in shares of Rush Enterprises in the 1st quarter valued at $625,000. Illinois Municipal Retirement Fund acquired a new position in shares of Rush Enterprises in the 1st quarter valued at $1,913,000. Finally, BNP Paribas Financial Markets raised its stake in Rush Enterprises by 89.6% during the 1st quarter. BNP Paribas Financial Markets now owns 33,557 shares of the company’s stock worth $1,796,000 after buying an additional 15,856 shares during the period. Institutional investors and hedge funds own 84.43% of the company’s stock.

Insiders Place Their Bets

In other Rush Enterprises news, 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 completion of the transaction, the chief executive officer now owns 174,154 shares in the company, valued at approximately $9,371,226.74. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Jason Wilder sold 4,500 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $51.68, for a total value of $232,560.00. Following the completion of the transaction, the senior vice president now owns 534 shares in the company, valued at $27,597.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William M. Rusty Rush sold 40,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 174,154 shares of the company’s stock, valued at $9,371,226.74. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 64,875 shares of company stock worth $3,422,554. Corporate insiders own 12.53% of the company’s stock.

Rush Enterprises Stock Performance

Shares of Rush Enterprises stock opened at $57.46 on Friday. The company has a market capitalization of $4.53 billion, a PE ratio of 15.24, a PEG ratio of 2.20 and a beta of 1.01. Rush Enterprises, Inc. has a 12 month low of $36.40 and a 12 month high of $60.55. The company has a current ratio of 1.40, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The stock’s fifty day simple moving average is $51.94 and its 200 day simple moving average is $48.23.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.95 by $0.02. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.84 billion. Rush Enterprises had a return on equity of 15.43% and a net margin of 3.93%. The firm’s revenue was down 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 EPS. On average, research analysts predict that Rush Enterprises, Inc. will post 3.45 EPS for the current year.

Rush Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, November 12th. Rush Enterprises’s dividend payout ratio (DPR) is presently 19.10%.

Analyst Ratings Changes

Separately, Stephens raised their price objective on Rush Enterprises from $66.00 to $69.00 and gave the stock an “overweight” rating in a research note on Friday.

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.