37,588 Shares in Rush Enterprises, Inc. (NASDAQ:RUSHA) Acquired by Dean Investment Associates LLC

Dean Investment Associates LLC acquired a new position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 37,588 shares of the company's stock, valued at approximately $1,986,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quarry LP bought a new position in shares of Rush Enterprises during the second quarter worth $36,000. Blue Trust Inc. lifted its holdings in Rush Enterprises by 266.1% during the third quarter. Blue Trust Inc. now owns 703 shares of the company's stock worth $37,000 after acquiring an additional 511 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in Rush Enterprises in the second quarter valued at about $41,000. GAMMA Investing LLC increased its holdings in shares of Rush Enterprises by 147.5% in the third quarter. GAMMA Investing LLC now owns 787 shares of the company's stock worth $42,000 after acquiring an additional 469 shares in the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Rush Enterprises during the third quarter worth about $53,000. Institutional investors own 84.43% of the company's stock.

Insider Buying and Selling at Rush Enterprises

In related news, CFO Steven L. Keller sold 14,625 shares of the firm's stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $58.50, for a total value of $855,562.50. Following the completion of the transaction, the chief financial officer now owns 83,365 shares in the company, valued at $4,876,852.50. This trade represents a 14.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William M. Rusty Rush sold 117,500 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer now directly owns 174,154 shares of the company's stock, valued at $11,142,372.92. The trade was a 40.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 176,000 shares of company stock worth $11,167,173 over the last three months. Corporate insiders own 12.53% of the company's stock.

Rush Enterprises Stock Performance

Shares of RUSHA stock traded down $0.42 on Monday, hitting $61.52. The company's stock had a trading volume of 279,497 shares, compared to its average volume of 359,756. Rush Enterprises, Inc. has a fifty-two week low of $40.45 and a fifty-two week high of $65.15. The company has a market capitalization of $4.86 billion, a PE ratio of 16.32, a PEG ratio of 2.22 and a beta of 1.00. The stock's 50 day moving average is $57.18 and its 200-day moving average is $51.09. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.40.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last issued 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. 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 analysts' expectations of $1.84 billion. During the same period in the previous year, the company posted $0.96 earnings per share. The firm's revenue for the quarter was down 4.3% compared to the same quarter last year. Equities research analysts expect that Rush Enterprises, Inc. will post 3.64 earnings per share for the current fiscal year.

Rush Enterprises Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.