Nilsine Partners LLC Purchases 1,524 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

Nilsine Partners LLC grew its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 3.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,624 shares of the company’s stock after buying an additional 1,524 shares during the period. Nilsine Partners LLC owned 0.06% of Rush Enterprises worth $2,609,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of Rush Enterprises by 24.4% in the 4th quarter. GAMMA Investing LLC now owns 979 shares of the company’s stock worth $54,000 after purchasing an additional 192 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in Rush Enterprises by 1.1% in the fourth quarter. Harbor Capital Advisors Inc. now owns 32,516 shares of the company’s stock worth $1,782,000 after buying an additional 345 shares during the last quarter. Verdence Capital Advisors LLC raised its holdings in Rush Enterprises by 5.0% in the third quarter. Verdence Capital Advisors LLC now owns 7,785 shares of the company’s stock worth $411,000 after buying an additional 370 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Rush Enterprises by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 35,270 shares of the company’s stock worth $1,477,000 after buying an additional 405 shares in the last quarter. Finally, QRG Capital Management Inc. grew its holdings in shares of Rush Enterprises by 3.7% during the third quarter. QRG Capital Management Inc. now owns 13,564 shares of the company’s stock valued at $717,000 after buying an additional 484 shares during the last quarter. 84.43% of the stock is owned by hedge funds and other institutional investors.

Rush Enterprises Trading Down 1.3 %

Rush Enterprises stock opened at $60.37 on Tuesday. Rush Enterprises, Inc. has a one year low of $40.99 and a one year high of $65.15. The business’s fifty day moving average is $58.55 and its 200 day moving average is $54.66. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.28. The stock has a market capitalization of $4.77 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 2.41 and a beta of 1.02.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.02. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.84 billion. Rush Enterprises had a net margin of 3.93% and a return on equity of 15.43%. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.96 earnings per share. On average, sell-side analysts predict that Rush Enterprises, Inc. will post 3.66 EPS for the current year.

Analyst Ratings Changes

Separately, Stephens upped their price objective on Rush Enterprises from $66.00 to $69.00 and gave the company an “overweight” rating in a research report on Friday, November 1st.

Insider Buying and Selling

In related news, CEO William M. Rusty Rush sold 117,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $63.98, for a total value of $7,517,650.00. Following the transaction, the chief executive officer now owns 174,154 shares of the company’s stock, valued at approximately $11,142,372.92. This trade represents a 40.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Steven L. Keller sold 14,625 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $58.50, for a total transaction of $855,562.50. Following the sale, the chief financial officer now directly owns 83,365 shares of the company’s stock, valued at approximately $4,876,852.50. This represents a 14.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 176,000 shares of company stock worth $11,167,173. 12.53% of the stock is owned by insiders.

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.