Pacer Advisors Inc. Sells 112,380 Shares of Rush Enterprises, Inc. $RUSHA

Pacer Advisors Inc. trimmed its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 23.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 366,142 shares of the company’s stock after selling 112,380 shares during the quarter. Pacer Advisors Inc.’s holdings in Rush Enterprises were worth $24,206,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of RUSHA. Royal Bank of Canada boosted its position in Rush Enterprises by 33.6% during the 1st quarter. Royal Bank of Canada now owns 10,786 shares of the company’s stock valued at $575,000 after acquiring an additional 2,715 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Rush Enterprises by 8.0% in the 1st quarter. AQR Capital Management LLC now owns 24,509 shares of the company’s stock worth $1,309,000 after acquiring an additional 1,806 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Rush Enterprises by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,225 shares of the company’s stock worth $1,935,000 after purchasing an additional 1,592 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Rush Enterprises by 18.4% during the first quarter. Goldman Sachs Group Inc. now owns 390,387 shares of the company’s stock valued at $20,851,000 after purchasing an additional 60,615 shares in the last quarter. Finally, Caxton Associates LLP purchased a new position in Rush Enterprises in the first quarter valued at about $221,000. Institutional investors own 84.43% of the company’s stock.

Rush Enterprises Price Performance

NASDAQ RUSHA opened at $80.96 on Tuesday. The company has a market cap of $6.29 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 1.77 and a beta of 0.89. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.45 and a quick ratio of 0.38. The stock’s fifty day moving average price is $72.82 and its 200 day moving average price is $70.12. Rush Enterprises, Inc. has a 1 year low of $45.67 and a 1 year high of $83.50.

Rush Enterprises shares are set to split on the morning of Tuesday, August 11th. The 3-2 split was recently announced. The newly issued shares will be issued to shareholders after the closing bell on Monday, August 10th.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Rush Enterprises had a return on equity of 11.65% and a net margin of 3.67%. As a group, equities research analysts forecast that Rush Enterprises, Inc. will post 3.75 earnings per share for the current year.

Rush Enterprises Cuts Dividend

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

Rush Enterprises News Summary

Here are the key news stories impacting Rush Enterprises this week:

• Positive Sentiment: Rush Enterprises’ price target was raised to $95, implying additional upside from recent trading levels and providing a positive catalyst for RUSHA. Rush Enterprises Price Target Raised to $95.00
• Neutral Sentiment: Multiple insider transactions were disclosed in SEC filings for sales executed between July 30 and August 3. The filings show executives retained meaningful ownership stakes after the transactions, so the sales may reflect portfolio diversification or scheduled selling rather than a definitive change in the company’s outlook. Rush Enterprises Insider Transaction Filing
• Negative Sentiment: Rush Enterprises’ CEO William M. Rusty Rush sold 78,750 shares for approximately $6.38 million, reducing his holdings by about 33% across the reported transactions. CFO Steven L. Keller sold 22,500 shares worth roughly $1.82 million, while SVP Michael L. Goldstone sold 4,500 shares valued at approximately $365,000. The combined insider sales totaled about $8.56 million and could create near-term concerns about insider conviction. Rush Enterprises CEO Insider Sale Filing

Insider Buying and Selling

In related news, CEO William M. Rusty Rush sold 71,574 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $81.05, for a total value of $5,801,072.70. Following the sale, the chief executive officer owned 174,154 shares in the company, valued at $14,115,181.70. This represents a 29.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Michael L. Goldstone sold 2,100 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $81.30, for a total transaction of $170,730.00. Following the completion of the transaction, the senior vice president owned 12,590 shares in the company, valued at approximately $1,023,567. This trade represents a 14.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 105,750 shares of company stock valued at $8,562,992 over the last quarter. 12.68% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

RUSHA has been the subject of a number of research analyst reports. Zacks Research upgraded Rush Enterprises from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Stephens upped their price objective on shares of Rush Enterprises from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. UBS Group upped their price objective on shares of Rush Enterprises from $73.00 to $78.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Wolfe Research began coverage on shares of Rush Enterprises in a research report on Monday, April 27th. They issued an “outperform” rating and a $88.00 price objective for the company. Finally, Weiss Ratings upgraded shares of Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 23rd. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Rush Enterprises has an average rating of “Moderate Buy” and an average price target of $87.00.

About Rush Enterprises

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.