Rush Enterprises, Inc. $RUSHA Shares Acquired by Smithfield Trust Co

Smithfield Trust Co increased its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 864.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,765 shares of the company’s stock after purchasing an additional 1,582 shares during the period. Smithfield Trust Co’s holdings in Rush Enterprises were worth $91,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Global Alpha Capital Management Ltd. boosted its holdings in shares of Rush Enterprises by 2.3% in the first quarter. Global Alpha Capital Management Ltd. now owns 807,290 shares of the company’s stock valued at $43,117,000 after acquiring an additional 18,100 shares during the period. Trexquant Investment LP increased its holdings in shares of Rush Enterprises by 1,331.1% in the 1st quarter. Trexquant Investment LP now owns 57,329 shares of the company’s stock valued at $3,062,000 after acquiring an additional 53,323 shares during the period. Oliver Luxxe Assets LLC raised its position in Rush Enterprises by 33.6% in the 1st quarter. Oliver Luxxe Assets LLC now owns 38,215 shares of the company’s stock valued at $2,041,000 after purchasing an additional 9,612 shares during the last quarter. Epoch Investment Partners Inc. boosted its stake in Rush Enterprises by 109.8% during the 1st quarter. Epoch Investment Partners Inc. now owns 15,774 shares of the company’s stock worth $842,000 after purchasing an additional 8,256 shares during the period. Finally, Keeley Teton Advisors LLC boosted its stake in Rush Enterprises by 36.4% during the 1st quarter. Keeley Teton Advisors LLC now owns 29,010 shares of the company’s stock worth $1,549,000 after purchasing an additional 7,739 shares during the period. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Insider Activity

In related news, SVP Michael L. Goldstone sold 4,500 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $57.25, for a total value of $257,625.00. Following the completion of the sale, the senior vice president owned 12,510 shares in the company, valued at $716,197.50. This trade represents a 26.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 12.28% of the stock is owned by corporate insiders.

Rush Enterprises Stock Performance

NASDAQ RUSHA opened at $48.10 on Friday. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 1.44 and a beta of 0.91. The business’s 50 day moving average is $52.51 and its two-hundred day moving average is $52.71. Rush Enterprises, Inc. has a 12-month low of $45.67 and a 12-month high of $65.43. The company has a current ratio of 1.39, a quick ratio of 0.32 and a debt-to-equity ratio of 0.23.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings results on Thursday, May 20th. The company reported $0.79 EPS for the quarter. Rush Enterprises had a return on equity of 12.61% and a net margin of 3.57%.The business had revenue of $1.23 billion during the quarter. Research analysts expect that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Wednesday, November 12th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.6%. Rush Enterprises’s dividend payout ratio is 22.55%.

Analyst Ratings Changes

A number of brokerages have recently commented on RUSHA. Zacks Research cut shares of Rush Enterprises from a “hold” rating to a “strong sell” rating in a report on Monday, November 3rd. Stephens dropped their price target on Rush Enterprises from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rush Enterprises in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $55.00.

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.