Oliver Luxxe Assets LLC Makes New $1.57 Million Investment in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Oliver Luxxe Assets LLC acquired a new position in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 28,603 shares of the company's stock, valued at approximately $1,567,000.

Several other hedge funds and other institutional investors have also modified their holdings of RUSHA. FMR LLC increased its holdings in Rush Enterprises by 34.8% in the 3rd quarter. FMR LLC now owns 5,174,262 shares of the company's stock valued at $273,356,000 after purchasing an additional 1,336,528 shares in the last quarter. State Street Corp raised its holdings in shares of Rush Enterprises by 0.7% during the 3rd quarter. State Street Corp now owns 2,349,597 shares of the company's stock valued at $124,129,000 after buying an additional 16,082 shares during the period. Geode Capital Management LLC lifted its position in Rush Enterprises by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,616,048 shares of the company's stock worth $85,390,000 after acquiring an additional 16,803 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its position in Rush Enterprises by 13.2% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,186,393 shares of the company's stock valued at $62,677,000 after acquiring an additional 138,488 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. raised its stake in shares of Rush Enterprises by 1.9% during the third quarter. Global Alpha Capital Management Ltd. now owns 773,990 shares of the company's stock valued at $40,890,000 after purchasing an additional 14,600 shares during the period. 84.43% of the stock is owned by institutional investors and hedge funds.

Rush Enterprises Stock Down 0.1 %

NASDAQ RUSHA traded down $0.06 during trading hours on Monday, reaching $55.45. 271,360 shares of the company traded hands, compared to its average volume of 252,420. The stock has a market capitalization of $4.38 billion, a PE ratio of 14.71, a PEG ratio of 2.14 and a beta of 1.02. 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 12 month low of $40.99 and a 12 month high of $65.15. The company has a 50 day moving average of $59.11 and a two-hundred day moving average of $52.93.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.02. Rush Enterprises had a return on equity of 15.43% and a net margin of 3.93%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the firm earned $0.96 earnings per share. The company's revenue for the quarter was down 4.3% compared to the same quarter last year. As a group, equities analysts expect that Rush Enterprises, Inc. will post 3.64 earnings per share for the current year.

Rush Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.18 per share. The ex-dividend date was Tuesday, November 12th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.30%. Rush Enterprises's dividend payout ratio (DPR) is 19.10%.

Analyst Ratings Changes

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

Insider Transactions at Rush Enterprises

In other news, CFO Steven L. Keller sold 43,875 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $63.68, for a total transaction of $2,793,960.00. Following the completion of the transaction, the chief financial officer now owns 83,365 shares of the company's stock, valued at approximately $5,308,683.20. The trade was a 34.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO William M. Rusty Rush sold 117,500 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $63.98, for a total transaction of $7,517,650.00. Following the completion of the sale, the chief executive officer now directly owns 174,154 shares in the company, valued at approximately $11,142,372.92. This trade represents a 40.29 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 176,000 shares of company stock worth $11,167,173. 12.53% of the stock is currently owned by insiders.

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.