Harbor Capital Advisors Inc. Purchases 18,033 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Harbor Capital Advisors Inc. boosted its position in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 127.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,171 shares of the company's stock after purchasing an additional 18,033 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Rush Enterprises were worth $1,700,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Hexagon Capital Partners LLC increased its holdings 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 valued at $41,000 after purchasing an additional 287 shares during the period. Arizona State Retirement System grew its stake in shares of Rush Enterprises by 2.2% in the second quarter. Arizona State Retirement System now owns 17,296 shares of the company's stock worth $724,000 after acquiring an additional 367 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Rush Enterprises by 1.2% during the second quarter. The Manufacturers Life Insurance Company now owns 35,270 shares of the company's stock valued at $1,477,000 after buying an additional 405 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Rush Enterprises by 147.5% during the 3rd quarter. GAMMA Investing LLC now owns 787 shares of the company's stock worth $42,000 after purchasing an additional 469 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Rush Enterprises by 266.1% during the third quarter. Blue Trust Inc. now owns 703 shares of the company's stock valued at $37,000 after purchasing an additional 511 shares in the last quarter. 84.43% of the stock is currently owned by institutional investors and hedge funds.

Rush Enterprises Stock Up 8.5 %

Shares of RUSHA stock traded up $5.08 during mid-day trading on Wednesday, hitting $64.58. The company's stock had a trading volume of 1,075,443 shares, compared to its average volume of 357,028. Rush Enterprises, Inc. has a 52-week low of $36.83 and a 52-week high of $65.15. The business has a 50-day moving average price of $52.16 and a 200 day moving average price of $48.37. The stock has a market cap of $5.09 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 2.19 and a beta of 0.99. 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 posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.97 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the firm earned $0.96 earnings per share. Rush Enterprises's quarterly revenue was down 4.3% compared to the same quarter last year. Research analysts predict that Rush Enterprises, Inc. will post 3.45 EPS for the current fiscal year.

Rush Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors 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 dividend on an annualized basis and a yield of 1.11%. Rush Enterprises's dividend payout ratio (DPR) is presently 19.10%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, COO Michael Mcroberts sold 12,500 shares of the business's stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $50.72, for a total transaction of $634,000.00. Following the sale, the chief operating officer now owns 15,220 shares of the company's stock, valued at approximately $771,958.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, COO Michael Mcroberts sold 12,500 shares of the firm's stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $50.72, for a total transaction of $634,000.00. Following the completion of the sale, the chief operating officer now owns 15,220 shares of the company's stock, valued at approximately $771,958.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Steven L. Keller sold 14,625 shares of Rush Enterprises 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 of the company's stock, valued at approximately $4,876,852.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 79,500 shares of company stock worth $4,278,116. Corporate insiders own 12.53% of the company's stock.

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.