Rush Enterprises, Inc. $RUSHA Shares Acquired by Cwm LLC

Cwm LLC increased its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 36.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,490 shares of the company's stock after purchasing an additional 6,519 shares during the quarter. Cwm LLC's holdings in Rush Enterprises were worth $1,261,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of RUSHA. State of Wyoming boosted its holdings in Rush Enterprises by 5.0% in the 1st quarter. State of Wyoming now owns 4,511 shares of the company's stock valued at $241,000 after purchasing an additional 213 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Rush Enterprises by 82.2% in the first quarter. Caitong International Asset Management Co. Ltd now owns 481 shares of the company's stock valued at $26,000 after buying an additional 217 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Rush Enterprises by 26.7% in the first quarter. Smartleaf Asset Management LLC now owns 1,078 shares of the company's stock valued at $58,000 after buying an additional 227 shares in the last quarter. GAMMA Investing LLC grew its holdings 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 acquiring an additional 288 shares during the period. Finally, Wambolt & Associates LLC raised its position in Rush Enterprises by 1.5% in the first quarter. Wambolt & Associates LLC now owns 22,067 shares of the company's stock worth $1,223,000 after acquiring an additional 317 shares in the last quarter. 84.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on RUSHA. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Rush Enterprises in a report on Wednesday, October 8th. Stephens restated an "overweight" rating on shares of Rush Enterprises in a report on Monday, August 4th. Finally, Wall Street Zen cut Rush Enterprises from a "buy" rating to a "hold" rating in a report on Saturday, October 4th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Rush Enterprises has an average rating of "Buy" and a consensus target price of $61.00.

Insider Buying and Selling

In other news, SVP Michael L. Goldstone sold 4,500 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $57.25, for a total transaction of $257,625.00. Following the completion of the transaction, the senior vice president owned 12,510 shares in the company, valued at approximately $716,197.50. This represents a 26.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jason Wilder sold 4,980 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $55.55, for a total value of $276,639.00. Following the transaction, the chief operating officer directly owned 79,692 shares in the company, valued at $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 in the last three months. 12.28% of the stock is owned by insiders.

Rush Enterprises Stock Performance

Shares of NASDAQ:RUSHA opened at $51.06 on Tuesday. The business has a 50-day moving average of $55.45 and a two-hundred day moving average of $52.99. The firm has a market capitalization of $3.97 billion, a PE ratio of 14.55, a P/E/G ratio of 1.45 and a beta of 0.89. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.39 and a quick ratio of 0.32. Rush Enterprises, Inc. has a 12 month low of $47.06 and a 12 month high of $65.43.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last issued its quarterly earnings data on Thursday, May 20th. The company reported $0.79 EPS for the quarter. Rush Enterprises had a return on equity of 13.29% and a net margin of 3.73%.The company had revenue of $1.23 billion for the quarter. As a group, research analysts forecast that Rush Enterprises, Inc. will post 3.91 earnings per share for the current year.

Rush Enterprises Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, August 12th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, August 12th. This is an increase from Rush Enterprises's previous quarterly dividend of $0.18. Rush Enterprises's dividend payout ratio (DPR) is currently 21.65%.

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 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.

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