Segall Bryant & Hamill LLC Grows Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Segall Bryant & Hamill LLC boosted its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 21.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 347,278 shares of the company's stock after acquiring an additional 60,201 shares during the period. Segall Bryant & Hamill LLC owned 0.44% of Rush Enterprises worth $18,347,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Hexagon Capital Partners LLC raised its position 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 worth $41,000 after acquiring an additional 287 shares in the last quarter. Arizona State Retirement System raised its holdings in 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 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 buying an additional 370 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Rush Enterprises by 1.2% during the 2nd 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 in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Rush Enterprises by 147.5% in the 3rd quarter. GAMMA Investing LLC now owns 787 shares of the company's stock worth $42,000 after buying an additional 469 shares during the period. 84.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Stephens boosted their price objective 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.

Insiders Place Their Bets

In other Rush Enterprises news, CEO William M. Rusty Rush sold 40,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $53.81, for a total value of $2,152,400.00. Following the transaction, the chief executive officer now owns 174,154 shares of the company's stock, valued at approximately $9,371,226.74. This represents a 18.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven L. Keller sold 43,875 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $63.68, for a total value of $2,793,960.00. Following the sale, the chief financial officer now owns 83,365 shares of the company's stock, valued at approximately $5,308,683.20. This represents a 34.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 216,000 shares of company stock valued at $13,319,573. 12.53% of the stock is owned by insiders.

Rush Enterprises Trading Down 1.1 %

Rush Enterprises stock opened at $58.27 on Thursday. Rush Enterprises, Inc. has a 12 month low of $38.10 and a 12 month high of $65.15. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 15.46, a price-to-earnings-growth ratio of 2.23 and a beta of 0.99. The business's fifty day simple moving average is $54.72 and its two-hundred day simple moving average is $49.59. The company has a current ratio of 1.40, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last released its quarterly earnings data 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 return on equity of 15.43% and a net margin of 3.93%. The business had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same period in the prior year, the firm posted $0.96 EPS. The firm's quarterly revenue was down 4.3% on a year-over-year basis. As a group, equities analysts predict that Rush Enterprises, Inc. will post 3.45 earnings per share for the current fiscal year.

Rush Enterprises Dividend Announcement

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 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 yield of 1.24%. Rush Enterprises's payout ratio is 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.