Denali Advisors LLC increased its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 157.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,900 shares of the company’s stock after buying an additional 33,600 shares during the quarter. Denali Advisors LLC owned approximately 0.15% of Rush Enterprises worth $2,118,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its holdings in shares of Rush Enterprises by 9.8% in the 2nd quarter. Renaissance Technologies LLC now owns 916,778 shares of the company’s stock valued at $33,481,000 after buying an additional 81,700 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Rush Enterprises by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 524,487 shares of the company’s stock valued at $18,084,000 after purchasing an additional 13,422 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in Rush Enterprises by 2.5% during the 1st quarter. Clearbridge Investments LLC now owns 453,426 shares of the company’s stock valued at $18,958,000 after purchasing an additional 11,220 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Rush Enterprises by 33.0% during the 2nd quarter. Victory Capital Management Inc. now owns 363,396 shares of the company’s stock valued at $13,271,000 after purchasing an additional 90,204 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in Rush Enterprises by 9.5% during the 2nd quarter. Bank of America Corp DE now owns 324,857 shares of the company’s stock valued at $11,864,000 after purchasing an additional 28,261 shares during the last quarter. 74.34% of the stock is owned by institutional investors.

Rush Enterprises stock traded up $0.56 during mid-day trading on Wednesday, hitting $36.70. 126,900 shares of the company’s stock traded hands, compared to its average volume of 173,314. The firm has a 50 day simple moving average of $37.95 and a two-hundred day simple moving average of $38.38. Rush Enterprises, Inc. has a fifty-two week low of $31.53 and a fifty-two week high of $45.99. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 9.53, a P/E/G ratio of 0.59 and a beta of 1.33. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.11 and a quick ratio of 0.22.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $1.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.10. The business had revenue of $1.54 billion during the quarter. Rush Enterprises had a return on equity of 15.38% and a net margin of 2.88%. On average, research analysts anticipate that Rush Enterprises, Inc. will post 4 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were given a dividend of $0.13 per share. This is a boost from Rush Enterprises’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $0.52 annualized dividend and a yield of 1.42%. Rush Enterprises’s dividend payout ratio (DPR) is presently 13.51%.

Several equities research analysts have issued reports on RUSHA shares. BidaskClub downgraded Rush Enterprises from a “buy” rating to a “hold” rating in a report on Friday, October 4th. ValuEngine raised Rush Enterprises from a “strong sell” rating to a “sell” rating in a report on Friday, July 26th. Finally, Zacks Investment Research downgraded Rush Enterprises from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $43.00.

Rush Enterprises Company Profile

Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States. 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, Mitsubishi Fuso, IC Bus, or Blue Bird; provides new and used commercial vehicles, and aftermarket parts, as well as service and repair, financing, and leasing and rental services; and offers property and casualty insurance, including collision and liability insurance on commercial vehicles, cargo insurance, and credit life insurance to its commercial vehicle customers.

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Institutional Ownership by Quarter for Rush Enterprises (NASDAQ:RUSHA)

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