EULAV Asset Management Purchases 69,600 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

EULAV Asset Management boosted its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 143.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,200 shares of the company's stock after purchasing an additional 69,600 shares during the quarter. EULAV Asset Management owned about 0.15% of Rush Enterprises worth $6,245,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP bought a new stake in shares of Rush Enterprises in the second quarter valued at about $36,000. Blue Trust Inc. lifted its position in shares of Rush Enterprises by 266.1% in the 3rd quarter. Blue Trust Inc. now owns 703 shares of the company's stock worth $37,000 after acquiring an additional 511 shares during the period. Hexagon Capital Partners LLC lifted its position in shares of Rush Enterprises by 41.3% in the 2nd quarter. Hexagon Capital Partners LLC now owns 982 shares of the company's stock worth $41,000 after acquiring an additional 287 shares during the period. Strategic Financial Concepts LLC acquired a new stake in shares of Rush Enterprises during the 2nd quarter worth approximately $41,000. Finally, GAMMA Investing LLC increased its position in shares of Rush Enterprises by 147.5% during the third quarter. GAMMA Investing LLC now owns 787 shares of the company's stock valued at $42,000 after purchasing an additional 469 shares during the period. Institutional investors own 84.43% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, CEO William M. Rusty Rush sold 117,500 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $63.98, for a total value of $7,517,650.00. Following the completion of the transaction, the chief executive officer now owns 174,154 shares in the company, valued at $11,142,372.92. This trade represents a 40.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steven L. Keller sold 43,875 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $63.68, for a total transaction of $2,793,960.00. Following 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 216,000 shares of company stock valued at $13,319,573. 12.53% of the stock is owned by company insiders.

Rush Enterprises Trading Down 1.1 %

Shares of NASDAQ:RUSHA traded down $0.67 during mid-day trading on Wednesday, reaching $58.27. The stock had a trading volume of 373,364 shares, compared to its average volume of 361,051. The firm has a 50 day simple moving average of $54.51 and a two-hundred day simple moving average of $49.53. The firm has a market cap of $4.60 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 2.29 and a beta of 0.99. Rush Enterprises, Inc. has a twelve month low of $38.10 and a twelve month high of $65.15. 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 (NASDAQ:RUSHA - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.02. Rush Enterprises had a net margin of 3.93% and a return on equity of 15.43%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the company earned $0.96 earnings per share. The firm's revenue was down 4.3% compared to the same quarter last year. On average, research analysts predict that Rush Enterprises, Inc. will post 3.45 EPS for the current fiscal year.

Rush Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 12th will be given a $0.18 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.24%. Rush Enterprises's payout ratio is presently 19.10%.

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.