Quantbot Technologies LP Has $28,000 Stake in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Quantbot Technologies LP decreased its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 97.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 523 shares of the company's stock after selling 18,465 shares during the quarter. Quantbot Technologies LP's holdings in Rush Enterprises were worth $28,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Hexagon Capital Partners LLC grew its position in shares of Rush Enterprises by 41.3% during the 2nd quarter. Hexagon Capital Partners LLC now owns 982 shares of the company's stock worth $41,000 after buying an additional 287 shares during the period. Arizona State Retirement System lifted its position 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 purchasing an additional 367 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in shares of Rush Enterprises by 5.0% in the third quarter. Verdence Capital Advisors LLC now owns 7,785 shares of the company's stock worth $411,000 after purchasing an additional 370 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Rush Enterprises by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 35,270 shares of the company's stock worth $1,477,000 after purchasing an additional 405 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Rush Enterprises by 147.5% during 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. Institutional investors and hedge funds own 84.43% of the company's stock.

Rush Enterprises Stock Performance

NASDAQ RUSHA traded up $0.23 on Friday, hitting $61.94. 217,160 shares of the stock were exchanged, compared to its average volume of 391,513. 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 business's fifty day moving average is $57.01 and its 200 day moving average is $50.92. Rush Enterprises, Inc. has a 52 week low of $40.12 and a 52 week high of $65.15. The company has a market capitalization of $4.90 billion, a PE ratio of 16.43, a P/E/G ratio of 2.35 and a beta of 1.00.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.97 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 firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the company earned $0.96 earnings per share. The company's quarterly revenue was down 4.3% on a year-over-year basis. Research analysts anticipate that Rush Enterprises, Inc. will post 3.64 EPS for the current fiscal year.

Rush Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, November 12th will be issued 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 1.16%. Rush Enterprises's dividend payout ratio is currently 19.10%.

Insider Buying and Selling at Rush Enterprises

In related news, CEO William M. Rusty Rush sold 117,500 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 174,154 shares in the company, valued at approximately $11,142,372.92. This represents a 40.29 % decrease in their ownership of the stock. The transaction 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 company's 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 completion of the transaction, the chief financial officer now owns 83,365 shares in the company, valued at $5,308,683.20. This trade represents a 34.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 176,000 shares of company stock worth $11,167,173 over the last ninety days. Insiders own 12.53% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Stephens upped their price target 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.

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.