Natixis Advisors LLC Grows Stock Holdings in Rush Enterprises, Inc. $RUSHA

Key Points

• Natixis Advisors LLC increased its stake in Rush Enterprises by 21.3% in Q3, buying an additional 39,604 shares to hold 225,381 shares worth about $12.05 million (≈0.29% ownership).
• Insider selling totaled 33,750 shares (~$2.35 million) in the last 90 days, including Director Raymond Chess (10,000 shares) and SVP Michael Goldstone (4,500 shares), though insiders still own about 12.28% of the company.
• Earnings and dividend: Rush beat Q results with $0.81 EPS vs. $0.69 est. and $1.77 billion revenue, and announced a $0.19 quarterly dividend (annualized $0.76, ~1.2% yield).

Natixis Advisors LLC lifted its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 21.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 225,381 shares of the company's stock after acquiring an additional 39,604 shares during the quarter. Natixis Advisors LLC owned approximately 0.29% of Rush Enterprises worth $12,051,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in shares of Rush Enterprises by 250.0% in the third quarter. Farther Finance Advisors LLC now owns 511 shares of the company's stock valued at $27,000 after purchasing an additional 365 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Rush Enterprises by 427.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 781 shares of the company's stock worth $40,000 after purchasing an additional 633 shares during the period. Federated Hermes Inc. raised its position in Rush Enterprises by 122.1% during the 3rd quarter. Federated Hermes Inc. now owns 793 shares of the company's stock valued at $42,000 after purchasing an additional 436 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Rush Enterprises by 70.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 950 shares of the company's stock worth $51,000 after buying an additional 392 shares during the period. Finally, Lazard Asset Management LLC purchased a new stake in shares of Rush Enterprises in the 2nd quarter worth $73,000. Institutional investors own 84.43% of the company's stock.

Rush Enterprises Price Performance

RUSHA opened at $61.60 on Friday. The firm has a market capitalization of $4.74 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 0.79 and a beta of 0.91. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.40 and a quick ratio of 0.37. The business's 50-day moving average is $66.22 and its two-hundred day moving average is $57.91. Rush Enterprises, Inc. has a 1 year low of $45.67 and a 1 year high of $75.99.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last released its quarterly earnings results on Tuesday, February 17th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.69 by $0.12. Rush Enterprises had a net margin of 3.55% and a return on equity of 11.96%. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.72 billion. Research analysts anticipate that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Tuesday, March 3rd will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, March 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 1.2%. Rush Enterprises's dividend payout ratio is presently 23.24%.

Insider Activity

In other news, Director Raymond Joseph Chess sold 10,000 shares of the company's stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $65.05, for a total transaction of $650,500.00. Following the transaction, the director directly owned 41,170 shares of the company's stock, valued at approximately $2,678,108.50. This represents a 19.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Michael L. Goldstone sold 4,500 shares of the stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $71.86, for a total value of $323,370.00. Following the sale, the senior vice president owned 12,590 shares of the company's stock, valued at approximately $904,717.40. This represents a 26.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 33,750 shares of company stock valued at $2,349,450 in the last ninety days. 12.28% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Stephens restated an "overweight" rating and set a $80.00 price target (up from $55.00) on shares of Rush Enterprises in a research note on Thursday, February 19th. Weiss Ratings raised shares of Rush Enterprises from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, February 25th. Zacks Research upgraded shares of Rush Enterprises from a "strong sell" rating to a "hold" rating in a report on Tuesday, December 2nd. Wall Street Zen raised shares of Rush Enterprises from a "hold" rating to a "buy" rating in a research report on Saturday, February 14th. Finally, UBS Group restated a "neutral" rating and issued a $73.00 price target (up from $70.00) on shares of Rush Enterprises in a report on Wednesday, February 18th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $76.50.

About Rush Enterprises

Rush Enterprises, Inc, headquartered in New Braunfels, Texas, is a leading distributor of commercial vehicles and related products in the United States. Through its Rush Truck Centers subsidiary, the company sells new and used medium- and heavy-duty trucks, buses and specialty vehicles, while also offering factory-authorized parts, collision repair, maintenance and warranty support across its network of dealerships.

Founded in 1965, Rush Enterprises has grown to encompass more than 150 locations in over 20 states, partnering with major manufacturers including Kenworth, Peterbilt, Freightliner, Volvo and Mack.

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