Thrivent Financial for Lutherans Cuts Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Thrivent Financial for Lutherans trimmed its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 3.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 74,012 shares of the company’s stock after selling 2,802 shares during the period. Thrivent Financial for Lutherans owned about 0.09% of Rush Enterprises worth $3,910,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC increased its position in shares of Rush Enterprises by 14.2% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,174 shares of the company’s stock valued at $759,000 after purchasing an additional 1,767 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its position in Rush Enterprises by 3.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 83,642 shares of the company’s stock worth $4,471,000 after acquiring an additional 3,056 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Rush Enterprises by 2.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 97,444 shares of the company’s stock valued at $5,216,000 after acquiring an additional 1,996 shares during the last quarter. Castleark Management LLC bought a new position in shares of Rush Enterprises during the 1st quarter valued at approximately $4,637,000. Finally, EMC Capital Management increased its stake in shares of Rush Enterprises by 26.6% during the 1st quarter. EMC Capital Management now owns 9,603 shares of the company’s stock worth $514,000 after purchasing an additional 2,019 shares during the last quarter. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Insiders Place Their Bets

In related news, CEO William M. Rusty Rush sold 117,500 shares of Rush Enterprises stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $63.98, for a total transaction of $7,517,650.00. Following the sale, the chief executive officer now directly owns 174,154 shares in the company, valued at $11,142,372.92. The trade was a 40.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Steven L. Keller sold 14,625 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $58.50, for a total value of $855,562.50. Following the transaction, the chief financial officer now directly owns 83,365 shares of the company’s stock, valued at $4,876,852.50. This represents a 14.92 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 176,000 shares of company stock worth $11,167,173. 12.53% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Rush Enterprises Trading Up 1.1 %

Shares of Rush Enterprises stock opened at $60.00 on Monday. The firm has a market cap of $4.74 billion, a PE ratio of 15.92, a PEG ratio of 2.24 and a beta of 0.99. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.28. Rush Enterprises, Inc. has a 1 year low of $38.43 and a 1 year high of $65.15. The company has a 50 day simple moving average of $55.11 and a two-hundred day simple moving average of $49.83.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.02. Rush Enterprises had a net margin of 3.93% and a return on equity of 15.43%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the business posted $0.96 earnings per share. The company’s revenue was down 4.3% on a year-over-year basis. Analysts expect that Rush Enterprises, Inc. will post 3.45 earnings per share for the current fiscal year.

Rush Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Tuesday, November 12th. Rush Enterprises’s payout ratio is currently 19.10%.

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.