Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 93.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,018 shares of the company's stock after purchasing an additional 33,397 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.09% of Rush Enterprises worth $3,646,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. grew its holdings 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 worth $62,677,000 after purchasing an additional 138,488 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in Rush Enterprises by 499.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 14,138 shares of the company's stock worth $592,000 after buying an additional 11,778 shares during the last quarter. Bridges Investment Management Inc. acquired a new position in Rush Enterprises during the 2nd quarter valued at about $478,000. Strategic Financial Concepts LLC purchased a new stake in Rush Enterprises in the second quarter valued at about $41,000. Finally, EULAV Asset Management boosted its holdings in Rush Enterprises by 143.2% in the third quarter. EULAV Asset Management now owns 118,200 shares of the company's stock worth $6,245,000 after acquiring an additional 69,600 shares in the last quarter. Institutional investors own 84.43% of the company's stock.

Rush Enterprises Stock Performance

Shares of NASDAQ RUSHA traded down $0.46 during midday trading on Thursday, reaching $61.71. The company had a trading volume of 175,252 shares, compared to its average volume of 360,704. Rush Enterprises, Inc. has a 1 year low of $40.12 and a 1 year high of $65.15. The business's 50-day simple moving average is $56.66 and its 200 day simple moving average is $50.69. The company has a current ratio of 1.40, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The stock has a market cap of $4.88 billion, a P/E ratio of 16.49, a P/E/G ratio of 2.32 and a beta of 1.00.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $0.97 earnings per share (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 company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the business posted $0.96 EPS. The firm's quarterly revenue was down 4.3% on a year-over-year basis. On average, analysts forecast that Rush Enterprises, Inc. will post 3.45 earnings per share for the current fiscal year.

Rush Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 12th will be issued a $0.18 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $0.72 annualized dividend and a dividend yield of 1.17%. Rush Enterprises's dividend payout ratio (DPR) is presently 19.10%.

Analysts Set New Price Targets

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

Insider Transactions at Rush Enterprises

In other Rush Enterprises news, CFO Steven L. Keller sold 14,625 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $58.50, for a total transaction of $855,562.50. Following the transaction, the chief financial officer now directly owns 83,365 shares of the company's stock, valued at $4,876,852.50. This trade represents a 14.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William M. Rusty Rush sold 117,500 shares of Rush Enterprises stock in a transaction dated Wednesday, November 6th. The shares were 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 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. Insiders have sold 176,000 shares of company stock worth $11,167,173 over the last quarter. 12.53% of the stock is currently owned by insiders.

Rush Enterprises Company 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.