Public Sector Pension Investment Board Buys 42,336 Shares of Rush Enterprises, Inc. $RUSHA

Key Points

• The Public Sector Pension Investment Board increased its holdings in Rush Enterprises, Inc. by 27.3%, owning a total of 197,657 shares valued at approximately $10.56 million.
• Rush Enterprises reported a quarterly earnings per share (EPS) of $0.90, beating analysts' expectations of $0.80, with a revenue of $1.93 billion.
• The company announced an increase in its quarterly dividend to $0.19 per share, up from $0.18, indicating positive financial growth and a yield of 1.3%.

Public Sector Pension Investment Board increased its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 27.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 197,657 shares of the company's stock after purchasing an additional 42,336 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.25% of Rush Enterprises worth $10,557,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of RUSHA. Summit Investment Advisors Inc. lifted its stake in Rush Enterprises by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,365 shares of the company's stock valued at $349,000 after acquiring an additional 202 shares during the last quarter. GAMMA Investing LLC lifted its stake in Rush Enterprises by 29.4% during the first quarter. GAMMA Investing LLC now owns 1,267 shares of the company's stock worth $68,000 after purchasing an additional 288 shares during the last quarter. Wambolt & Associates LLC boosted its stake in Rush Enterprises by 1.5% in the first quarter. Wambolt & Associates LLC now owns 22,067 shares of the company's stock valued at $1,223,000 after buying an additional 317 shares in the last quarter. Denali Advisors LLC grew its holdings in shares of Rush Enterprises by 0.4% during the 1st quarter. Denali Advisors LLC now owns 119,929 shares of the company's stock valued at $6,405,000 after purchasing an additional 464 shares during the last quarter. Finally, Savvy Advisors Inc. increased its holdings in shares of Rush Enterprises by 15.0% during the first quarter. Savvy Advisors Inc. now owns 4,529 shares of the company's stock worth $242,000 after buying an additional 592 shares in the last quarter. 84.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RUSHA has been the topic of several recent research reports. Wall Street Zen downgraded shares of Rush Enterprises from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Stephens reiterated an "overweight" rating on shares of Rush Enterprises in a report on Monday, August 4th.

Insider Buying and Selling at Rush Enterprises

In related news, COO Jason Wilder sold 4,980 shares of the business's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $55.55, for a total transaction of $276,639.00. Following the sale, the chief operating officer directly owned 79,692 shares in the company, valued at approximately $4,426,890.60. The trade was a 5.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael Mcroberts sold 6,000 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $54.64, for a total value of $327,840.00. Following the completion of the transaction, the director owned 15,771 shares in the company, valued at $861,727.44. This represents a 27.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.28% of the company's stock.

Rush Enterprises Stock Up 0.1%

Shares of Rush Enterprises stock traded up $0.07 on Monday, hitting $56.44. The company had a trading volume of 61,217 shares, compared to its average volume of 422,471. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 16.09, a P/E/G ratio of 1.59 and a beta of 0.85. Rush Enterprises, Inc. has a 1 year low of $46.30 and a 1 year high of $65.43. The stock has a 50 day moving average of $53.14 and a 200-day moving average of $53.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.32 and a current ratio of 1.39.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $1.89 billion. Rush Enterprises had a net margin of 3.73% and a return on equity of 13.29%. As a group, sell-side analysts forecast that Rush Enterprises, Inc. will post 3.91 earnings per share for the current year.

Rush Enterprises Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, August 12th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, August 12th. This is a boost from Rush Enterprises's previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a dividend yield of 1.3%. Rush Enterprises's dividend payout ratio is presently 21.65%.

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.