UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 14,098 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 10.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 120,406 shares of the company's stock after selling 14,098 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.15% of Rush Enterprises worth $6,361,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of RUSHA. Vaughan Nelson Investment Management L.P. boosted its position in shares of Rush Enterprises by 13.2% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,186,393 shares of the company's stock valued at $62,677,000 after acquiring an additional 138,488 shares during the period. Bridges Investment Management Inc. bought a new stake in Rush Enterprises in the 2nd quarter valued at $478,000. Intech Investment Management LLC acquired a new stake in Rush Enterprises in the 3rd quarter worth $1,523,000. Strategic Financial Concepts LLC bought a new position in shares of Rush Enterprises during the 2nd quarter worth about $41,000. Finally, Victory Capital Management Inc. increased its holdings in shares of Rush Enterprises by 29.4% during the 2nd quarter. Victory Capital Management Inc. now owns 144,660 shares of the company's stock worth $6,057,000 after purchasing an additional 32,893 shares during the period. Institutional investors own 84.43% of the company's stock.

Rush Enterprises Stock Performance

RUSHA traded up $0.75 during trading on Wednesday, reaching $61.40. 382,215 shares of the company's stock were exchanged, compared to its average volume of 359,214. The company has a market capitalization of $4.85 billion, a P/E ratio of 16.29, a PEG ratio of 2.22 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. The business has a 50 day moving average price of $57.36 and a 200 day moving average price of $51.21. Rush Enterprises, Inc. has a fifty-two week low of $40.45 and a fifty-two week high of $65.15.

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, 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 business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period 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, analysts predict that Rush Enterprises, Inc. will post 3.64 earnings per share 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. Stockholders of record on Tuesday, November 12th will be paid a $0.18 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $0.72 annualized dividend and a dividend yield of 1.17%. Rush Enterprises's dividend payout ratio is currently 19.10%.

Wall Street Analysts Forecast Growth

Separately, Stephens lifted their target price on Rush Enterprises from $66.00 to $69.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st.

Insider Transactions at Rush Enterprises

In other Rush Enterprises news, CFO Steven L. Keller sold 14,625 shares of the business's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $58.50, for a total value of $855,562.50. Following the transaction, the chief financial officer now directly owns 83,365 shares in the company, valued at $4,876,852.50. The trade was a 14.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William M. Rusty Rush sold 117,500 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now directly owns 174,154 shares in the company, valued at $11,142,372.92. This represents a 40.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 176,000 shares of company stock valued at $11,167,173. Corporate insiders own 12.53% of the company's stock.

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.