Rush Enterprises, Inc. $RUSHA Shares Purchased by Sei Investments Co.

Sei Investments Co. increased its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 12.7% during the 1st quarter, HoldingsChannel reports. The fund owned 92,419 shares of the company’s stock after acquiring an additional 10,437 shares during the quarter. Sei Investments Co.’s holdings in Rush Enterprises were worth $6,110,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Root Financial Partners LLC raised its stake in Rush Enterprises by 75.4% during the first 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 period. CIBC Private Wealth Group LLC grew its stake in Rush Enterprises by 495.4% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 518 shares of the company’s stock worth $28,000 after purchasing an additional 431 shares in the last quarter. Private Trust Co. NA boosted its stake in shares of Rush Enterprises by 211.4% in the 4th quarter. Private Trust Co. NA now owns 545 shares of the company’s stock valued at $29,000 after buying an additional 370 shares during the period. Measured Wealth Private Client Group LLC acquired a new position in shares of Rush Enterprises during the third quarter worth about $34,000. Finally, Allworth Financial LP increased its stake in shares of Rush Enterprises by 5,790.9% during the third quarter. Allworth Financial LP now owns 648 shares of the company’s stock worth $35,000 after buying an additional 637 shares during the period. 84.43% of the stock is currently owned by institutional investors and hedge funds.

Rush Enterprises Stock Performance

Shares of Rush Enterprises stock opened at $80.96 on Tuesday. The company has a quick ratio of 0.38, a current ratio of 1.45 and a debt-to-equity ratio of 0.16. Rush Enterprises, Inc. has a 52 week low of $45.67 and a 52 week high of $83.50. The firm’s 50 day moving average is $72.82 and its two-hundred day moving average is $70.12. The firm has a market capitalization of $6.29 billion, a P/E ratio of 24.39, a P/E/G ratio of 1.77 and a beta of 0.89.

Rush Enterprises’s stock is set to split before the market opens on Tuesday, August 11th. The 3-2 split was recently announced. The newly created shares will be payable to shareholders after the closing bell on Monday, August 10th.

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

Rush Enterprises Cuts Dividend

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

Insider Buying and Selling at Rush Enterprises

In other Rush Enterprises news, CFO Steven L. Keller sold 20,678 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $80.73, for a total transaction of $1,669,334.94. Following the transaction, the chief financial officer owned 84,374 shares of the company’s stock, valued at approximately $6,811,513.02. This trade represents a 19.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William M. Rusty Rush sold 71,574 shares of Rush Enterprises stock in a transaction dated 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 trade represents a 29.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 105,750 shares of company stock worth $8,562,992 over the last 90 days. Corporate insiders own 12.68% of the company’s stock.

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

Analysts Set New Price Targets

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

Rush Enterprises 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.