Geode Capital Management LLC Purchases 16,803 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Geode Capital Management LLC increased its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 1.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,616,048 shares of the company's stock after purchasing an additional 16,803 shares during the quarter. Geode Capital Management LLC owned approximately 2.05% of Rush Enterprises worth $85,390,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC lifted its position in Rush Enterprises by 217.5% during the 3rd quarter. Barclays PLC now owns 114,759 shares of the company's stock worth $6,063,000 after acquiring an additional 78,616 shares during the last quarter. Dean Investment Associates LLC acquired a new position in shares of Rush Enterprises during the third quarter worth approximately $1,986,000. Tensile Capital Management LP bought a new position in Rush Enterprises during the third quarter worth $1,815,000. State Street Corp boosted its holdings in Rush Enterprises by 0.7% in the 3rd quarter. State Street Corp now owns 2,349,597 shares of the company's stock valued at $124,129,000 after purchasing an additional 16,082 shares during the period. Finally, Systematic Financial Management LP acquired a new position in shares of Rush Enterprises during the third quarter valued at about $321,000. Institutional investors own 84.43% of the company's stock.

Insider Activity at Rush Enterprises

In other Rush Enterprises news, CEO William M. Rusty Rush sold 117,500 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $63.98, for a total transaction of $7,517,650.00. Following the transaction, the chief executive officer now owns 174,154 shares of the company's stock, valued at $11,142,372.92. The trade was a 40.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steven L. Keller sold 14,625 shares of the firm's stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $58.50, for a total value of $855,562.50. Following the completion of the sale, the chief financial officer now directly owns 83,365 shares of the company's stock, valued at approximately $4,876,852.50. The trade was a 14.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 176,000 shares of company stock valued at $11,167,173. 12.53% of the stock is owned by corporate insiders.

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 report on Friday, November 1st.

Rush Enterprises Stock Down 1.7 %

Shares of NASDAQ:RUSHA traded down $0.94 during mid-day trading on Friday, reaching $54.46. 851,747 shares of the stock were exchanged, compared to its average volume of 360,457. The stock's 50 day simple moving average is $58.55 and its 200-day simple moving average is $51.82. Rush Enterprises, Inc. has a one year low of $40.99 and a one year high of $65.15. The company has a market cap of $4.30 billion, a P/E ratio of 14.45, a P/E/G ratio of 2.14 and a beta of 1.00. The company has a quick ratio of 0.28, a current ratio of 1.40 and a debt-to-equity ratio of 0.23.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported $0.97 EPS for the quarter, topping 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 business had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter in the prior year, the company posted $0.96 earnings per share. The firm's revenue was down 4.3% on a year-over-year basis. As a group, equities research analysts predict that Rush Enterprises, Inc. will post 3.64 EPS for the current year.

Rush Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Tuesday, November 12th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Tuesday, November 12th. Rush Enterprises's 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.