Hsbc Holdings PLC Has $473,000 Stock Holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Hsbc Holdings PLC increased its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 53.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,222 shares of the company’s stock after acquiring an additional 3,905 shares during the quarter. Hsbc Holdings PLC’s holdings in Rush Enterprises were worth $473,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. raised its stake in Rush Enterprises by 1.3% during the 4th quarter. Franklin Resources Inc. now owns 16,941 shares of the company’s stock worth $852,000 after buying an additional 219 shares during the period. Hexagon Capital Partners LLC raised its position in shares of Rush Enterprises by 70.3% during the first quarter. Hexagon Capital Partners LLC now owns 695 shares of the company’s stock worth $37,000 after purchasing an additional 287 shares during the period. Arizona State Retirement System lifted its holdings in shares of Rush Enterprises by 2.2% in the 2nd quarter. Arizona State Retirement System now owns 17,296 shares of the company’s stock worth $724,000 after purchasing an additional 367 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Rush Enterprises by 352.2% in the 1st quarter. GAMMA Investing LLC now owns 520 shares of the company’s stock worth $28,000 after purchasing an additional 405 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its position in Rush Enterprises by 2.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 31,100 shares of the company’s stock valued at $1,302,000 after purchasing an additional 600 shares during the period. 84.43% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO William M. Rusty Rush sold 40,000 shares of Rush Enterprises stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $53.81, for a total transaction of $2,152,400.00. Following the sale, the chief executive officer now directly owns 174,154 shares in the company, valued at $9,371,226.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Rush Enterprises news, CEO William M. Rusty Rush sold 40,000 shares of Rush Enterprises stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $53.81, for a total value of $2,152,400.00. Following the sale, the chief executive officer now owns 174,154 shares of the company’s stock, valued at $9,371,226.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jason Wilder sold 4,500 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $51.68, for a total transaction of $232,560.00. Following the transaction, the senior vice president now directly owns 534 shares of the company’s stock, valued at $27,597.12. The disclosure for this sale can be found here. Insiders sold a total of 64,875 shares of company stock valued at $3,422,554 over the last three months. Corporate insiders own 12.53% of the company’s stock.

Rush Enterprises Trading Down 1.8 %

Shares of Rush Enterprises stock opened at $51.90 on Wednesday. The company has a market capitalization of $4.09 billion, a P/E ratio of 13.12, a price-to-earnings-growth ratio of 2.01 and a beta of 1.01. The stock has a fifty day simple moving average of $51.24 and a 200 day simple moving average of $48.02. Rush Enterprises, Inc. has a 12-month low of $34.68 and a 12-month high of $56.64. The company has a current ratio of 1.40, a quick ratio of 0.28 and a debt-to-equity ratio of 0.24.

Rush Enterprises (NASDAQ:RUSHA) last posted its earnings results on Wednesday, July 31st. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.20. Rush Enterprises had a net margin of 3.90% and a return on equity of 15.85%. The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the business posted $1.17 EPS. The business’s revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Rush Enterprises, Inc. will post 3.44 earnings per share for the current fiscal year.

Rush Enterprises Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Tuesday, August 13th. This is an increase from Rush Enterprises’s previous quarterly dividend of $0.17. Rush Enterprises’s payout ratio is presently 18.20%.

Analyst Upgrades and Downgrades

Separately, Stephens initiated coverage on shares of Rush Enterprises in a report on Monday, July 8th. They issued an “overweight” rating on the stock.

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.