Thrivent Financial for Lutherans Reduces Position in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Thrivent Financial for Lutherans trimmed its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 3.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,012 shares of the company’s stock after selling 2,802 shares during the period. Thrivent Financial for Lutherans’ holdings in Rush Enterprises were worth $3,910,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. O Shaughnessy Asset Management LLC raised its position in shares of Rush Enterprises by 14.2% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,174 shares of the company’s stock valued at $759,000 after purchasing an additional 1,767 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in Rush Enterprises by 3.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 83,642 shares of the company’s stock valued at $4,471,000 after purchasing an additional 3,056 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Rush Enterprises by 2.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 97,444 shares of the company’s stock worth $5,216,000 after purchasing an additional 1,996 shares in the last quarter. Castleark Management LLC bought a new position in Rush Enterprises in the 1st quarter worth approximately $4,637,000. Finally, EMC Capital Management grew its holdings in Rush Enterprises by 26.6% during the 1st quarter. EMC Capital Management now owns 9,603 shares of the company’s stock valued at $514,000 after buying an additional 2,019 shares in the last quarter. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Insiders Place Their Bets

In other news, CEO William M. Rusty Rush sold 117,500 shares of Rush Enterprises stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $63.98, for a total value of $7,517,650.00. Following the completion of the transaction, the chief executive officer now owns 174,154 shares in the company, valued at approximately $11,142,372.92. The trade was a 40.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven L. Keller sold 43,875 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $63.68, for a total value of $2,793,960.00. Following the transaction, the chief financial officer now directly owns 83,365 shares in the company, valued at approximately $5,308,683.20. This represents a 34.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 176,000 shares of company stock valued at $11,167,173 in the last three months. Corporate insiders own 12.53% of the company’s stock.

Rush Enterprises Trading Up 1.1 %

Shares of Rush Enterprises stock opened at $60.00 on Monday. Rush Enterprises, Inc. has a twelve month low of $38.43 and a twelve month high of $65.15. The company has a quick ratio of 0.28, a current ratio of 1.40 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average price of $55.11 and a 200-day moving average price of $49.83. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 2.24 and a beta of 0.99.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.02. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.84 billion. Rush Enterprises had a return on equity of 15.43% and a net margin of 3.93%. The company’s revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.96 EPS. Equities research analysts anticipate that Rush Enterprises, Inc. will post 3.45 EPS for the current fiscal year.

Rush Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.72 annualized dividend and a yield of 1.20%. Rush Enterprises’s dividend payout ratio (DPR) is currently 19.10%.

Analysts Set New Price Targets

Separately, Stephens boosted their target price on shares of Rush Enterprises from $66.00 to $69.00 and gave the stock an “overweight” rating in a report on Friday, November 1st.

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.