Rush Enterprises, Inc. (NASDAQ:RUSHA) Holdings Boosted by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 5,183.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,913 shares of the company's stock after purchasing an additional 18,555 shares during the period. International Assets Investment Management LLC's holdings in Rush Enterprises were worth $999,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of RUSHA. UniSuper Management Pty Ltd acquired a new stake in Rush Enterprises in the 1st quarter worth about $612,000. Edgestream Partners L.P. acquired a new stake in Rush Enterprises during the first quarter worth about $898,000. Janney Montgomery Scott LLC bought a new stake in Rush Enterprises in the first quarter worth about $625,000. Illinois Municipal Retirement Fund acquired a new position in shares of Rush Enterprises in the first quarter worth $1,913,000. Finally, BNP Paribas Financial Markets raised its stake in Rush Enterprises by 89.6% during the 1st quarter. BNP Paribas Financial Markets now owns 33,557 shares of the company's stock valued at $1,796,000 after purchasing an additional 15,856 shares during the last quarter. 84.43% of the stock is owned by hedge funds and other institutional investors.

Rush Enterprises Stock Performance

NASDAQ RUSHA traded up $1.42 on Tuesday, hitting $59.50. 428,967 shares of the company's stock were exchanged, compared to its average volume of 353,671. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 15.77, a P/E/G ratio of 2.17 and a beta of 0.99. Rush Enterprises, Inc. has a fifty-two week low of $36.83 and a fifty-two week high of $60.55. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.28. The firm's 50-day moving average price is $52.03 and its two-hundred day moving average price is $48.29.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $0.97 earnings per share for the quarter, topping 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 company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the firm posted $0.96 EPS. The business's revenue was down 4.3% compared to the same quarter last year. On average, research analysts expect that Rush Enterprises, Inc. will post 3.45 EPS for the current year.

Rush Enterprises Dividend Announcement

The company 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 dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Tuesday, November 12th. Rush Enterprises's payout ratio is 19.10%.

Insider Transactions at Rush Enterprises

In related news, SVP Jason Wilder sold 4,500 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $51.68, for a total transaction of $232,560.00. Following the completion of the sale, the senior vice president now owns 534 shares in the company, valued at approximately $27,597.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, SVP Michael L. Goldstone sold 7,875 shares of Rush Enterprises stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $51.25, for a total transaction of $403,593.75. Following the sale, the senior vice president now directly owns 12,238 shares in the company, valued at $627,197.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jason Wilder sold 4,500 shares of the firm's stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $51.68, for a total transaction of $232,560.00. Following the completion of the sale, the senior vice president now owns 534 shares in the company, valued at $27,597.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 64,875 shares of company stock worth $3,422,554 in the last quarter. Insiders own 12.53% of the company's stock.

Analyst Ratings Changes

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

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.