9,643 Shares in Rush Enterprises, Inc. $RUSHA Acquired by S&CO Inc.

S&CO Inc. bought a new stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,643 shares of the company’s stock, valued at approximately $2,288,000.

Several other large investors have also modified their holdings of the business. Root Financial Partners LLC increased its position in shares of Rush Enterprises by 75.4% during the 1st quarter. Root Financial Partners LLC now owns 407 shares of the company’s stock worth $27,000 after purchasing an additional 175 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in Rush Enterprises by 495.4% during the third quarter. CIBC Private Wealth Group LLC now owns 518 shares of the company’s stock worth $28,000 after buying an additional 431 shares during the period. Private Trust Co. NA increased its position in shares of Rush Enterprises by 211.4% during the fourth quarter. Private Trust Co. NA now owns 545 shares of the company’s stock valued at $29,000 after acquiring an additional 370 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of Rush Enterprises during the third quarter valued at about $34,000. Finally, Allworth Financial LP raised its stake in shares of Rush Enterprises by 5,790.9% in the 3rd quarter. Allworth Financial LP now owns 648 shares of the company’s stock valued at $35,000 after acquiring an additional 637 shares during the period. Institutional investors and hedge funds own 84.43% of the company’s stock.

Insider Buying and Selling

In other news, CFO Steven L. Keller sold 31,017 shares of Rush Enterprises stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $53.82, for a total value of $1,669,334.94. Following the completion of the transaction, the chief financial officer owned 126,561 shares in the company, valued at approximately $6,811,513.02. This trade represents a 19.68% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William M. Rusty Rush sold 107,361 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $54.03, for a total value of $5,801,072.70. Following the transaction, the chief executive officer directly owned 261,231 shares of the company’s stock, valued at approximately $14,115,181.70. This represents a 29.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 168,375 shares of company stock worth $9,092,352 in the last quarter. Company insiders own 12.68% of the company’s stock.

Rush Enterprises Price Performance

Rush Enterprises stock opened at $82.23 on Friday. The firm has a market cap of $6.39 billion, a PE ratio of 24.77, a price-to-earnings-growth ratio of 1.82 and a beta of 0.87. Rush Enterprises, Inc. has a 52-week low of $45.67 and a 52-week high of $83.61. The company has a quick ratio of 0.38, a current ratio of 1.45 and a debt-to-equity ratio of 0.16. The company’s 50 day moving average is $52.25 and its two-hundred day moving average is $48.26.

Rush Enterprises shares are scheduled to split on Tuesday, September 1st. The 3-2 split was recently announced. The newly issued shares will be distributed to shareholders after the closing bell on Monday, August 31st.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.57 by $0.04. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. Rush Enterprises had a net margin of 3.67% and a return on equity of 11.65%. On average, research analysts expect that Rush Enterprises, Inc. will post 3.75 EPS for the current fiscal year.

Rush Enterprises Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Wednesday, September 9th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 9th. Rush Enterprises’s payout ratio is presently 16.87%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RUSHA. Wolfe Research started coverage on shares of Rush Enterprises in a research report on Monday, April 27th. They set an “outperform” rating and a $58.67 price objective for the company. Wall Street Zen upgraded Rush Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings upgraded Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 23rd. UBS Group raised their price target on Rush Enterprises from $48.67 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, Stephens lifted their price objective on Rush Enterprises from $60.00 to $63.33 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $58.00.

Rush Enterprises Company Profile

Rush Enterprises, Inc, headquartered in New Braunfels, Texas, is a leading distributor of commercial vehicles and related products in the United States. Through its Rush Truck Centers subsidiary, the company sells new and used medium- and heavy-duty trucks, buses and specialty vehicles, while also offering factory-authorized parts, collision repair, maintenance and warranty support across its network of dealerships.

Founded in 1965, Rush Enterprises has grown to encompass more than 150 locations in over 20 states, partnering with major manufacturers including Kenworth, Peterbilt, Freightliner, Volvo and Mack.