Natixis Advisors LLC Purchases 34,697 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Natixis Advisors LLC grew its position in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 17.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 235,928 shares of the company's stock after acquiring an additional 34,697 shares during the period. Natixis Advisors LLC owned 0.30% of Rush Enterprises worth $12,464,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of RUSHA. CIBC Asset Management Inc acquired a new stake in shares of Rush Enterprises in the third quarter valued at approximately $214,000. GSA Capital Partners LLP bought a new position in Rush Enterprises in the 3rd quarter valued at $421,000. Costello Asset Management INC acquired a new stake in shares of Rush Enterprises in the 3rd quarter valued at $58,000. Essex Savings Bank bought a new stake in shares of Rush Enterprises during the third quarter worth $214,000. Finally, Verdence Capital Advisors LLC lifted its stake in shares of Rush Enterprises by 5.0% during the third quarter. Verdence Capital Advisors LLC now owns 7,785 shares of the company's stock valued at $411,000 after acquiring an additional 370 shares during the period. 84.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Rush Enterprises

In related news, CFO Steven L. Keller sold 43,875 shares of the stock in a transaction on 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 completion of the transaction, the chief financial officer now owns 83,365 shares in the company, valued at approximately $5,308,683.20. This represents a 34.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William M. Rusty Rush sold 40,000 shares of Rush Enterprises stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $53.81, for a total transaction of $2,152,400.00. Following the completion of the sale, the chief executive officer now owns 174,154 shares in the company, valued at $9,371,226.74. The trade was a 18.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 216,000 shares of company stock worth $13,319,573. 12.53% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Stephens lifted 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.

Rush Enterprises Stock Down 1.1 %

Rush Enterprises stock opened at $58.27 on Thursday. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 2.23 and a beta of 0.99. The company's 50 day simple moving average is $54.72 and its 200 day simple moving average is $49.59. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.28. Rush Enterprises, Inc. has a fifty-two week low of $38.10 and a fifty-two week high of $65.15.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last announced 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 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 quarter in the previous year, the business earned $0.96 EPS. The firm's revenue was down 4.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Rush Enterprises, Inc. will post 3.45 EPS for the current year.

Rush Enterprises Announces Dividend

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

Rush Enterprises 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.