Rush Enterprises, Inc. $RUSHA Position Lessened by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lowered its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 1.5% during the second quarter, HoldingsChannel.com reports. The firm owned 193,448 shares of the company’s stock after selling 3,024 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Rush Enterprises were worth $9,965,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. State of Wyoming lifted its holdings in shares of Rush Enterprises by 5.0% during the 1st quarter. State of Wyoming now owns 4,511 shares of the company’s stock valued at $241,000 after buying an additional 213 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in 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 acquiring an additional 217 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Rush Enterprises by 26.7% in the first quarter. Smartleaf Asset Management LLC now owns 1,078 shares of the company’s stock worth $58,000 after acquiring an additional 227 shares in the last quarter. Corbyn Investment Management Inc. MD increased its stake in shares of Rush Enterprises by 0.9% during the 2nd quarter. Corbyn Investment Management Inc. MD now owns 28,058 shares of the company’s stock worth $1,445,000 after purchasing an additional 257 shares during the last quarter. Finally, Verdence Capital Advisors LLC increased its stake in shares of Rush Enterprises by 3.2% during the 2nd quarter. Verdence Capital Advisors LLC now owns 9,084 shares of the company’s stock worth $468,000 after purchasing an additional 280 shares during the last quarter. 84.43% of the stock is owned by hedge funds and other institutional investors.

Rush Enterprises Price Performance

Shares of NASDAQ:RUSHA opened at $48.33 on Thursday. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 1.44 and a beta of 0.91. The business has a 50 day moving average price of $51.70 and a 200 day moving average price of $52.63. The company has a quick ratio of 0.32, a current ratio of 1.39 and a debt-to-equity ratio of 0.23. Rush Enterprises, Inc. has a twelve month low of $45.67 and a twelve month high of $65.43.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings data on Thursday, May 20th. The company reported $0.79 earnings per share for the quarter. Rush Enterprises had a return on equity of 12.61% and a net margin of 3.57%.The company had revenue of $1.23 billion during the quarter. Research analysts predict that Rush Enterprises, Inc. will post 3.91 earnings per share for the current year.

Rush Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Wednesday, November 12th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, November 12th. This represents a $0.76 annualized dividend and a dividend yield of 1.6%. Rush Enterprises’s payout ratio is presently 22.55%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RUSHA. Zacks Research lowered shares of Rush Enterprises from a “hold” rating to a “strong sell” rating in a research note on Monday, November 3rd. Wall Street Zen upgraded Rush Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Stephens lowered their price objective on Rush Enterprises from $60.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Rush Enterprises in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $55.00.

Insider Activity at Rush Enterprises

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 of the company’s stock, valued at approximately $716,197.50. This represents a 26.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 12.28% of the company’s stock.

Rush Enterprises 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.