84,100 Shares in Rush Enterprises, Inc. $RUSHA Bought by Strs Ohio

Key Points

• Strs Ohio has acquired a new stake in Rush Enterprises, Inc. (NASDAQ:RUSHA), purchasing 84,100 shares valued at approximately $4.49 million in Q1.
• The company has increased its quarterly dividend to $0.19 per share, reflecting a 5.56% increase from the previous dividend of $0.18, with a yield of 1.4%.
• Rush Enterprises recently reported a quarterly EPS of $0.90, exceeding expectations, alongside a revenue of $1.93 billion, surpassing analyst estimates.

Strs Ohio acquired a new position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 84,100 shares of the company's stock, valued at approximately $4,492,000. Strs Ohio owned approximately 0.11% of Rush Enterprises at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of RUSHA. Caitong International Asset Management Co. Ltd grew its holdings in shares of Rush Enterprises by 82.2% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 481 shares of the company's stock worth $26,000 after purchasing an additional 217 shares in the last quarter. AlphaQuest LLC bought a new position in shares of Rush Enterprises during the 1st quarter worth approximately $30,000. Smartleaf Asset Management LLC lifted its position in shares of Rush Enterprises by 26.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 1,078 shares of the company's stock worth $58,000 after buying an additional 227 shares during the period. GAMMA Investing LLC lifted its position in shares of Rush Enterprises by 29.4% during the 1st quarter. GAMMA Investing LLC now owns 1,267 shares of the company's stock worth $68,000 after buying an additional 288 shares during the period. Finally, Cerity Partners LLC bought a new position in shares of Rush Enterprises during the 1st quarter worth approximately $207,000. Institutional investors and hedge funds own 84.43% of the company's stock.

Rush Enterprises Price Performance

RUSHA traded down $0.11 during trading on Friday, hitting $57.02. The company's stock had a trading volume of 1,532,461 shares, compared to its average volume of 253,453. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 1.61 and a beta of 0.88. Rush Enterprises, Inc. has a 12 month low of $47.06 and a 12 month high of $65.43. The company has a quick ratio of 0.32, a current ratio of 1.39 and a debt-to-equity ratio of 0.23. The firm's 50 day moving average price is $55.83 and its two-hundred day moving average price is $53.20.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.90 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.10. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.89 billion. Rush Enterprises had a return on equity of 13.29% and a net margin of 3.73%. Sell-side analysts forecast that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, August 12th were given a dividend of $0.19 per share. The ex-dividend date was Tuesday, August 12th. This is an increase from Rush Enterprises's previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.3%. Rush Enterprises's dividend payout ratio is presently 21.65%.

Insider Transactions at Rush Enterprises

In other news, SVP Michael L. Goldstone sold 4,500 shares of the business's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $57.25, for a total transaction of $257,625.00. Following the completion of the sale, the senior vice president owned 12,510 shares in the company, valued at $716,197.50. The trade was a 26.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Jason Wilder sold 4,980 shares of Rush Enterprises stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $55.55, for a total value of $276,639.00. Following the sale, the chief operating officer directly owned 79,692 shares of the company's stock, valued at approximately $4,426,890.60. This trade represents a 5.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,480 shares of company stock worth $862,104 over the last 90 days. 12.28% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently commented on RUSHA shares. Wall Street Zen downgraded Rush Enterprises from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Stephens restated an "overweight" rating on shares of Rush Enterprises in a research report on Monday, August 4th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Rush Enterprises presently has an average rating of "Buy" and a consensus price target of $61.00.

About Rush Enterprises

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.