Janus Henderson Group PLC Acquires 183,965 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Janus Henderson Group PLC increased its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 148.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 308,204 shares of the company's stock after buying an additional 183,965 shares during the period. Janus Henderson Group PLC owned 0.39% of Rush Enterprises worth $16,282,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in RUSHA. Blue Trust Inc. grew its stake in 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 buying an additional 511 shares in the last quarter. GAMMA Investing LLC grew its position in 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. Quarry LP bought a new position in Rush Enterprises in the second quarter valued at $36,000. Hexagon Capital Partners LLC raised its position in Rush Enterprises by 41.3% during the second quarter. Hexagon Capital Partners LLC now owns 982 shares of the company's stock valued at $41,000 after purchasing an additional 287 shares in the last quarter. Finally, Future Financial Wealth Managment LLC bought a new stake in Rush Enterprises during the third quarter worth about $53,000. Institutional investors own 84.43% of the company's stock.

Rush Enterprises Trading Up 0.4 %

Shares of RUSHA traded up $0.23 during mid-day trading on Friday, reaching $61.94. The company's stock had a trading volume of 217,160 shares, compared to its average volume of 391,513. Rush Enterprises, Inc. has a 52 week low of $40.12 and a 52 week high of $65.15. The stock has a market cap of $4.90 billion, a PE ratio of 16.43, a P/E/G ratio of 2.35 and a beta of 1.00. 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 company's fifty day moving average price is $57.01 and its two-hundred day moving average price is $50.97.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last announced its 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 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 business posted $0.96 earnings per share. The firm's quarterly revenue was down 4.3% compared to the same quarter last year. On average, analysts predict that Rush Enterprises, Inc. will post 3.64 earnings per share for the current fiscal year.

Rush Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, November 12th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Tuesday, November 12th. Rush Enterprises's payout ratio is 19.10%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Rush Enterprises

In other Rush Enterprises news, CEO William M. Rusty Rush sold 117,500 shares of Rush Enterprises stock in a transaction 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 sale, the chief executive officer now directly owns 174,154 shares in the company, valued at approximately $11,142,372.92. The trade was a 40.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Steven L. Keller sold 43,875 shares of the stock in a transaction dated Wednesday, November 6th. The shares were 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 directly owns 83,365 shares of the company's stock, valued at $5,308,683.20. This trade represents a 34.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 176,000 shares of company stock valued at $11,167,173 over the last quarter. 12.53% of the stock is currently 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.