Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Bought by EMC Capital Management

EMC Capital Management raised its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 82.6% during the 4th quarter, Holdings Channel reports. The firm owned 9,603 shares of the company’s stock after buying an additional 4,345 shares during the quarter. EMC Capital Management’s holdings in Rush Enterprises were worth $526,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of RUSHA. Blue Trust Inc. boosted its holdings 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 during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Rush Enterprises by 147.5% in the 3rd quarter. GAMMA Investing LLC now owns 787 shares of the company’s stock valued at $42,000 after buying an additional 469 shares during the period. Quarry LP purchased a new stake in shares of Rush Enterprises in the second quarter worth about $36,000. Future Financial Wealth Managment LLC acquired a new stake in Rush Enterprises during the third quarter worth about $53,000. Finally, Costello Asset Management INC purchased a new position in Rush Enterprises during the third quarter valued at approximately $58,000. 84.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Steven L. Keller sold 14,625 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $58.50, for a total value of $855,562.50. Following the completion of the sale, the chief financial officer now owns 83,365 shares of the company’s stock, valued at approximately $4,876,852.50. This trade represents a 14.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William M. Rusty Rush sold 117,500 shares of the business’s 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 transaction, the chief executive officer now directly owns 174,154 shares in the company, valued at $11,142,372.92. This trade represents a 40.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 176,000 shares of company stock worth $11,167,173 over the last quarter. 12.53% of the stock is currently owned by corporate insiders.

Rush Enterprises Stock Performance

NASDAQ RUSHA opened at $61.07 on Thursday. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 2.41 and a beta of 1.02. The stock has a 50-day moving average of $58.59 and a 200 day moving average of $54.80. The company has a current ratio of 1.40, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. Rush Enterprises, Inc. has a twelve month low of $40.99 and a twelve month high of $65.15.

Rush Enterprises (NASDAQ:RUSHA) last announced its 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. Rush Enterprises had a net margin of 3.93% and a return on equity of 15.43%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the business earned $0.96 earnings per share. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. Sell-side analysts anticipate that Rush Enterprises, Inc. will post 3.66 EPS for the current fiscal year.

Analyst Ratings Changes

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

About Rush Enterprises

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.