Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Acquired by Citigroup Inc.

Citigroup Inc. boosted its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 39.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 106,635 shares of the company’s stock after acquiring an additional 30,399 shares during the period. Citigroup Inc. owned 0.14% of Rush Enterprises worth $5,634,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RUSHA. Quarry LP acquired a new position in shares of Rush Enterprises in the second quarter worth about $36,000. Blue Trust Inc. grew its stake in Rush Enterprises by 266.1% in the third quarter. Blue Trust Inc. now owns 703 shares of the company’s stock valued at $37,000 after purchasing an additional 511 shares in the last quarter. Hexagon Capital Partners LLC raised its holdings in Rush Enterprises by 41.3% during the second quarter. Hexagon Capital Partners LLC now owns 982 shares of the company’s stock valued at $41,000 after buying an additional 287 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in Rush Enterprises during the 2nd quarter worth $41,000. Finally, GAMMA Investing LLC grew its position 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 purchasing an additional 469 shares during the last quarter. Institutional investors and hedge funds own 84.43% of the company’s stock.

Rush Enterprises Trading Up 0.7 %

Shares of NASDAQ:RUSHA opened at $61.95 on Monday. The business has a 50 day moving average of $56.12 and a 200-day moving average of $50.36. The stock has a market cap of $4.90 billion, a PE ratio of 16.43, a P/E/G ratio of 2.34 and a beta of 0.99. Rush Enterprises, Inc. has a 12-month low of $39.25 and a 12-month high of $65.15. The company has a quick ratio of 0.28, a current ratio of 1.40 and a debt-to-equity ratio of 0.23.

Rush Enterprises (NASDAQ:RUSHA) last issued 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. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.84 billion. Rush Enterprises had a return on equity of 15.43% and a net margin of 3.93%. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.96 EPS. As a group, equities research analysts forecast that Rush Enterprises, Inc. will post 3.45 earnings per share for the current year.

Rush Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, November 12th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.72 dividend on an annualized basis and a yield of 1.16%. Rush Enterprises’s payout ratio is 19.10%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, CFO Steven L. Keller sold 43,875 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $63.68, for a total transaction of $2,793,960.00. Following the completion of the sale, the chief financial officer now directly owns 83,365 shares of the company’s stock, valued at approximately $5,308,683.20. This trade represents a 34.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William M. Rusty Rush sold 117,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 176,000 shares of company stock worth $11,167,173. 12.53% of the stock is currently owned by insiders.

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.