Captrust Financial Advisors Sells 9,518 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Captrust Financial Advisors cut its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 39.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,816 shares of the company's stock after selling 9,518 shares during the period. Captrust Financial Advisors' holdings in Rush Enterprises were worth $783,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of RUSHA. FMR LLC boosted its holdings in Rush Enterprises by 34.8% in the third quarter. FMR LLC now owns 5,174,262 shares of the company's stock valued at $273,356,000 after acquiring an additional 1,336,528 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in Rush Enterprises by 13.2% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,186,393 shares of the company's stock valued at $62,677,000 after purchasing an additional 138,488 shares during the period. Algert Global LLC boosted its stake in shares of Rush Enterprises by 284.0% in the 3rd quarter. Algert Global LLC now owns 159,610 shares of the company's stock valued at $8,432,000 after purchasing an additional 118,041 shares during the last quarter. Edgestream Partners L.P. grew its position in shares of Rush Enterprises by 678.7% during the 2nd quarter. Edgestream Partners L.P. now owns 130,602 shares of the company's stock worth $5,468,000 after buying an additional 113,831 shares during the period. Finally, Cooke & Bieler LP raised its stake in shares of Rush Enterprises by 10.1% during the second quarter. Cooke & Bieler LP now owns 1,092,709 shares of the company's stock worth $45,752,000 after buying an additional 100,318 shares during the last quarter. 84.43% of the stock is currently owned by institutional investors and hedge funds.

Rush Enterprises Trading Up 1.2 %

Rush Enterprises stock traded up $0.75 during midday trading on Wednesday, hitting $61.40. 382,215 shares of the stock were exchanged, compared to its average volume of 359,214. The stock has a market capitalization of $4.85 billion, a PE ratio of 16.29, a P/E/G ratio of 2.22 and a beta of 1.00. The company has a fifty day simple moving average of $57.58 and a two-hundred day simple moving average of $51.28. The company has a quick ratio of 0.28, a current ratio of 1.40 and a debt-to-equity ratio of 0.23. Rush Enterprises, Inc. has a 52 week low of $40.45 and a 52 week high of $65.15.

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

Rush Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders 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 currently 19.10%.

Analyst Upgrades and Downgrades

Separately, Stephens raised their price objective on shares of Rush Enterprises from $66.00 to $69.00 and gave the company an "overweight" rating in a research note on Friday, November 1st.

Insider Transactions at Rush Enterprises

In related news, CFO Steven L. Keller sold 43,875 shares of Rush Enterprises stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $63.68, for a total value of $2,793,960.00. Following the sale, the chief financial officer now owns 83,365 shares of the company's stock, valued at approximately $5,308,683.20. This trade represents a 34.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William M. Rusty Rush sold 117,500 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $63.98, for a total value of $7,517,650.00. Following the transaction, the chief executive officer now directly owns 174,154 shares of the company's stock, 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 a total of 176,000 shares of company stock valued at $11,167,173 over the last 90 days. 12.53% of the stock is owned by company 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.