Investors Buy High Volume of Call Options on Rush Enterprises (RUSHA)

Rush Enterprises, Inc. (NASDAQ:RUSHA) was the target of some unusual options trading on Tuesday. Investors acquired 794 call options on the company. This represents an increase of approximately 931% compared to the typical volume of 77 call options.

In other news, SVP James E. Thor sold 24,200 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $48.70, for a total value of $1,178,540.00. Following the completion of the transaction, the senior vice president now owns 39,032 shares in the company, valued at $1,900,858.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Derrek Weaver sold 26,732 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $52.13, for a total value of $1,393,539.16. Following the completion of the transaction, the executive vice president now owns 14,733 shares of the company’s stock, valued at approximately $768,031.29. The disclosure for this sale can be found here. In the last 90 days, insiders sold 73,982 shares of company stock valued at $3,747,332. Company insiders own 11.19% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. lifted its stake 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 valued at $152,000 after purchasing an additional 316 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of Rush Enterprises by 70.7% in the 3rd quarter. Great West Life Assurance Co. Can now owns 3,362 shares of the company’s stock valued at $157,000 after purchasing an additional 1,393 shares in the last quarter. Sei Investments Co. acquired a new position in shares of Rush Enterprises in the 3rd quarter valued at about $182,000. Trexquant Investment LP acquired a new position in shares of Rush Enterprises in the 3rd quarter valued at about $204,000. Finally, Wrapmanager Inc. acquired a new position in shares of Rush Enterprises in the 3rd quarter valued at about $216,000. 76.27% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently commented on the company. Seaport Global Securities reiterated a “buy” rating and set a $62.00 price objective on shares of Rush Enterprises in a research report on Wednesday. ValuEngine upgraded Rush Enterprises from a “hold” rating to a “buy” rating in a research report on Tuesday, January 2nd. BidaskClub cut Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, December 9th. Stifel Nicolaus lifted their price objective on Rush Enterprises from $41.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, October 30th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $50.00 price objective (up previously from $42.00) on shares of Rush Enterprises in a research report on Monday, October 30th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Rush Enterprises currently has a consensus rating of “Buy” and a consensus target price of $50.00.

Shares of Rush Enterprises (NASDAQ:RUSHA) opened at $52.33 on Friday. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.55. Rush Enterprises has a 52 week low of $30.74 and a 52 week high of $54.37. The stock has a market capitalization of $2,110.00, a PE ratio of 27.11, a price-to-earnings-growth ratio of 1.41 and a beta of 1.17.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.25. Rush Enterprises had a return on equity of 8.82% and a net margin of 1.74%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. equities analysts predict that Rush Enterprises will post 2.17 earnings per share for the current year.

Rush Enterprises declared that its board has authorized a stock repurchase plan on Thursday, November 30th that permits the company to repurchase $40.00 million in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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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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