11,057 Shares in Rush Enterprises, Inc. $RUSHA Acquired by Inceptionr LLC

Inceptionr LLC acquired a new stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,057 shares of the company’s stock, valued at approximately $731,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RUSHA. Root Financial Partners LLC raised its position in shares of Rush Enterprises by 75.4% during the 1st quarter. Root Financial Partners LLC now owns 407 shares of the company’s stock valued at $27,000 after acquiring an additional 175 shares during the last quarter. Kestra Advisory Services LLC boosted its position in shares of Rush Enterprises by 1.1% in the 4th quarter. Kestra Advisory Services LLC now owns 17,907 shares of the company’s stock worth $966,000 after purchasing an additional 200 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of Rush Enterprises by 0.4% in the 2nd quarter. California State Teachers Retirement System now owns 57,375 shares of the company’s stock worth $2,955,000 after purchasing an additional 208 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of Rush Enterprises by 44.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 748 shares of the company’s stock worth $40,000 after purchasing an additional 230 shares during the period. Finally, State of Alaska Department of Revenue grew its stake in shares of Rush Enterprises by 0.7% during the fourth quarter. State of Alaska Department of Revenue now owns 35,188 shares of the company’s stock worth $1,897,000 after purchasing an additional 251 shares during the period. 84.43% of the stock is owned by institutional investors.

Rush Enterprises Price Performance

RUSHA opened at $76.57 on Friday. The stock has a market cap of $5.95 billion, a P/E ratio of 23.13, a P/E/G ratio of 1.69 and a beta of 0.89. Rush Enterprises, Inc. has a 12 month low of $45.67 and a 12 month high of $80.17. The company has a quick ratio of 0.37, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The company has a fifty day simple moving average of $71.54 and a 200 day simple moving average of $69.11.

Rush Enterprises (NASDAQ:RUSHA) last posted its earnings results on Tuesday, April 28th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.05. Rush Enterprises had a return on equity of 11.87% and a net margin of 3.65%.The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.73 billion. On average, research analysts expect that Rush Enterprises, Inc. will post 3.75 EPS for the current year.

Rush Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 12th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Tuesday, May 12th. Rush Enterprises’s payout ratio is 22.96%.

Insider Buying and Selling at Rush Enterprises

In related news, Director Michael Mcroberts sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $72.23, for a total value of $577,840.00. Following the completion of the transaction, the director directly owned 16,229 shares in the company, valued at approximately $1,172,220.67. The trade was a 33.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.68% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. UBS Group increased their target price on Rush Enterprises from $73.00 to $78.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Wall Street Zen lowered Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Sunday, June 14th. Weiss Ratings raised Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Wolfe Research initiated coverage on Rush Enterprises in a research note on Monday, April 27th. They issued an “outperform” rating and a $88.00 price target for the company. Finally, Stephens reiterated an “overweight” rating and issued a $85.00 price target on shares of Rush Enterprises in a research report on Tuesday, May 19th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.67.

Rush Enterprises Company 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.