New York State Teachers Retirement System Sells 200 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

New York State Teachers Retirement System decreased its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 1.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,475 shares of the company’s stock after selling 200 shares during the quarter. New York State Teachers Retirement System’s holdings in Rush Enterprises were worth $1,029,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. BNP Paribas Financial Markets increased its position 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 purchasing an additional 15,856 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Rush Enterprises during the first quarter worth $625,000. Texas Permanent School Fund Corp lifted its stake in shares of Rush Enterprises by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 53,911 shares of the company’s stock valued at $2,885,000 after acquiring an additional 705 shares during the last quarter. Quantbot Technologies LP boosted its holdings in shares of Rush Enterprises by 853.9% during the 1st quarter. Quantbot Technologies LP now owns 4,941 shares of the company’s stock valued at $264,000 after acquiring an additional 4,423 shares in the last quarter. Finally, Illinois Municipal Retirement Fund bought a new stake in Rush Enterprises during the 1st quarter worth $1,913,000. Institutional investors own 84.43% of the company’s stock.

Rush Enterprises Trading Up 0.0 %

Shares of NASDAQ RUSHA opened at $62.95 on Friday. The firm has a 50 day moving average price of $52.82 and a two-hundred day moving average price of $48.68. The stock has a market cap of $4.96 billion, a P/E ratio of 16.70, a price-to-earnings-growth ratio of 2.44 and a beta of 0.99. Rush Enterprises, Inc. has a 52-week low of $37.13 and a 52-week high of $65.15. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.40.

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

Rush Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 12th will be given 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 dividend yield of 1.14%. Rush Enterprises’s dividend payout ratio (DPR) is currently 19.10%.

Insider Activity at Rush Enterprises

In other Rush Enterprises news, CEO William M. Rusty Rush sold 117,500 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 174,154 shares in the company, valued at approximately $11,142,372.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO William M. Rusty Rush sold 117,500 shares of Rush Enterprises stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $63.98, for a total value of $7,517,650.00. Following the completion of the sale, the chief executive officer now owns 174,154 shares in the company, valued at $11,142,372.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jason Wilder sold 4,500 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $51.68, for a total transaction of $232,560.00. Following the completion of the sale, the senior vice president now owns 534 shares of the company’s stock, valued at $27,597.12. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 220,500 shares of company stock worth $13,552,133 over the last quarter. Company insiders own 12.53% of the company’s stock.

Analyst Ratings Changes

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

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.