Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 8.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,306 shares of the company’s stock after selling 869 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Rush Enterprises were worth $492,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of RUSHA. Blue Trust Inc. lifted its stake in shares of Rush Enterprises by 266.1% during the third quarter. Blue Trust Inc. now owns 703 shares of the company’s stock worth $37,000 after purchasing an additional 511 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Rush Enterprises by 147.5% in the 3rd quarter. GAMMA Investing LLC now owns 787 shares of the company’s stock worth $42,000 after acquiring an additional 469 shares during the period. Quarry LP purchased a new stake in Rush Enterprises during the 2nd quarter worth $36,000. Hexagon Capital Partners LLC lifted its holdings in Rush Enterprises by 41.3% in the 2nd quarter. Hexagon Capital Partners LLC now owns 982 shares of the company’s stock worth $41,000 after buying an additional 287 shares in the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new position in Rush Enterprises in the 3rd quarter valued at about $53,000. 84.43% of the stock is owned by institutional investors and hedge funds.

Rush Enterprises Price Performance

Shares of NASDAQ RUSHA opened at $61.50 on Thursday. 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 $38.44 and a 1-year high of $65.15. The business’s fifty day moving average price is $55.56 and its two-hundred day moving average price is $50.05. The firm has a market capitalization of $4.86 billion, a PE ratio of 16.49, a P/E/G ratio of 2.38 and a beta of 0.99.

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. The business had revenue of $1.90 billion during 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 business’s revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.96 earnings per share. On average, research analysts expect 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. Investors of record on Tuesday, November 12th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.72 annualized dividend and a yield of 1.17%. Rush Enterprises’s dividend payout ratio is currently 19.10%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, CEO William M. Rusty Rush sold 117,500 shares of the stock in a transaction on Wednesday, November 6th. The stock was 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Steven L. Keller sold 43,875 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 83,365 shares of the company’s stock, valued at $5,308,683.20. This represents a 34.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 176,000 shares of company stock valued at $11,167,173 over the last three months. Company insiders own 12.53% of the company’s stock.

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.