Rush Enterprises, Inc. $RUSHA Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH decreased its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 1.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 193,448 shares of the company’s stock after selling 3,024 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.25% of Rush Enterprises worth $9,965,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. State of Wyoming boosted its stake in Rush Enterprises by 5.0% during the 1st quarter. State of Wyoming now owns 4,511 shares of the company’s stock valued at $241,000 after purchasing an additional 213 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of Rush Enterprises by 82.2% during the first quarter. Caitong International Asset Management Co. Ltd now owns 481 shares of the company’s stock worth $26,000 after buying an additional 217 shares during the period. Smartleaf Asset Management LLC grew its holdings in Rush Enterprises by 26.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,078 shares of the company’s stock worth $58,000 after buying an additional 227 shares in the last quarter. Corbyn Investment Management Inc. MD increased its position in Rush Enterprises by 0.9% in the 2nd quarter. Corbyn Investment Management Inc. MD now owns 28,058 shares of the company’s stock valued at $1,445,000 after acquiring an additional 257 shares during the period. Finally, Verdence Capital Advisors LLC increased its position in Rush Enterprises by 3.2% in the 2nd quarter. Verdence Capital Advisors LLC now owns 9,084 shares of the company’s stock valued at $468,000 after acquiring an additional 280 shares during the period. Institutional investors and hedge funds own 84.43% of the company’s stock.

Insider Activity at Rush Enterprises

In related news, SVP Michael L. Goldstone sold 4,500 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $57.25, for a total value of $257,625.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 12.28% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on RUSHA. Zacks Research cut Rush Enterprises from a “hold” rating to a “strong sell” rating in a research note on Monday, November 3rd. Wall Street Zen upgraded shares of Rush Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Stephens dropped their price target on shares of Rush Enterprises from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Rush Enterprises in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $55.00.

Rush Enterprises Stock Performance

NASDAQ:RUSHA opened at $48.33 on Thursday. The company has a 50-day moving average of $51.70 and a 200-day moving average of $52.63. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 1.44 and a beta of 0.91. 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, Inc. has a twelve month low of $45.67 and a twelve month high of $65.43.

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

Rush Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Wednesday, November 12th will be given 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 payout ratio is 22.55%.

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.