Rush Enterprises, Inc. (NASDAQ:RUSHA) CEO William M. Rusty Rush sold 10,906 shares of Rush Enterprises stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $51.24, for a total transaction of $558,823.44. Following the completion of the transaction, the chief executive officer now directly owns 96,155 shares of the company’s stock, valued at $4,926,982.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Rush Enterprises (NASDAQ:RUSHA) last posted its earnings results on Wednesday, October 25th. The company reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.25. Rush Enterprises had a net margin of 1.74% and a return on equity of 8.95%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion.

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Institutional investors and hedge funds have recently bought and sold shares of the company. Ameritas Investment Partners Inc. grew its holdings in shares of Rush Enterprises by 8.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,112 shares of the company’s stock worth $152,000 after purchasing an additional 316 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Rush Enterprises by 226.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,167 shares of the company’s stock worth $229,000 after purchasing an additional 4,279 shares during the last quarter. Eqis Capital Management Inc. bought a new stake in shares of Rush Enterprises in the 3rd quarter worth about $237,000. Aperio Group LLC bought a new stake in shares of Rush Enterprises in the 2nd quarter worth about $243,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Rush Enterprises by 12.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,900 shares of the company’s stock worth $256,000 after purchasing an additional 780 shares during the last quarter. 75.43% of the stock is currently owned by institutional investors and hedge funds.

RUSHA has been the subject of several research reports. BidaskClub raised shares of Rush Enterprises from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. BMO Capital Markets reaffirmed a “hold” rating and issued a $30.00 price target on shares of Rush Enterprises in a report on Friday, July 7th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $38.00 price target on shares of Rush Enterprises in a report on Friday, July 28th. Zacks Investment Research raised shares of Rush Enterprises from a “hold” rating to a “strong-buy” rating and set a $47.00 price target for the company in a report on Saturday, July 29th. Finally, ValuEngine raised shares of Rush Enterprises from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $46.00.

About Rush Enterprises

Rush Enterprises, Inc is an integrated retailer of commercial vehicles and related services. The Company operates through the Truck Segment, which includes its operation of a regional network of commercial vehicle dealerships under the name Rush Truck Centers. Through its Rush Truck Centers, it offers services, including retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing and rental, and insurance products.

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