Rush Enterprises, Inc. $RUSHA Shares Bought by Trexquant Investment LP

Key Points

• Trexquant Investment LP significantly increased its holdings in Rush Enterprises by 1,331.1% in Q1, acquiring 53,323 additional shares, raising its stake to approximately 0.07% valued at $3.06 million.
• Research analysts exhibit mixed sentiments on Rush Enterprises, with the stock downgraded to "hold" by Wall Street Zen, while it maintains an average rating of "buy" and a consensus price target of $61.00.
• Rush Enterprises announced a quarterly dividend increase to $0.19, representing a yield of 1.3%, set to be paid on September 12th, which reflects continued confidence in their financial performance.

Trexquant Investment LP increased its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 1,331.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 57,329 shares of the company's stock after buying an additional 53,323 shares during the period. Trexquant Investment LP owned about 0.07% of Rush Enterprises worth $3,062,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in RUSHA. Tower Research Capital LLC TRC increased its stake in Rush Enterprises by 121.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the company's stock valued at $62,000 after purchasing an additional 616 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in shares of Rush Enterprises during the fourth quarter worth approximately $550,000. Northern Trust Corp grew its position in shares of Rush Enterprises by 5.9% during the fourth quarter. Northern Trust Corp now owns 785,283 shares of the company's stock worth $43,026,000 after acquiring an additional 43,437 shares during the last quarter. Bayesian Capital Management LP purchased a new position in shares of Rush Enterprises during the fourth quarter worth approximately $274,000. Finally, Cubist Systematic Strategies LLC grew its position in shares of Rush Enterprises by 208.0% during the fourth quarter. Cubist Systematic Strategies LLC now owns 130,233 shares of the company's stock worth $7,135,000 after acquiring an additional 87,952 shares during the last quarter. 84.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RUSHA has been the topic of a number of research reports. Wall Street Zen lowered shares of Rush Enterprises from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Stephens reaffirmed an "overweight" rating on shares of Rush Enterprises in a report on Monday, August 4th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Rush Enterprises has a consensus rating of "Buy" and an average price target of $61.00.

Rush Enterprises Price Performance

Rush Enterprises stock traded down $0.22 during midday trading on Monday, reaching $58.02. The company's stock had a trading volume of 21,277 shares, compared to its average volume of 409,616. Rush Enterprises, Inc. has a fifty-two week low of $46.30 and a fifty-two week high of $65.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.32 and a current ratio of 1.39. The stock's 50 day simple moving average is $55.24 and its 200 day simple moving average is $53.15. The firm has a market capitalization of $4.52 billion, a PE ratio of 16.53, a P/E/G ratio of 1.64 and a beta of 0.88.

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

Rush Enterprises Increases Dividend

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

Insider Buying and Selling at Rush Enterprises

In other Rush Enterprises news, COO Jason Wilder sold 4,980 shares of Rush Enterprises stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $55.55, for a total value of $276,639.00. Following the completion of the sale, the chief operating officer owned 79,692 shares in the company, valued at $4,426,890.60. The trade was a 5.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Mcroberts sold 6,000 shares of Rush Enterprises stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $54.64, for a total value of $327,840.00. Following the completion of the transaction, the director directly 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 sold 15,480 shares of company stock worth $862,104 in the last 90 days. 12.28% of the stock is owned by company insiders.

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.