SG Americas Securities LLC Buys 13,193 Shares of Rush Enterprises, Inc. $RUSHA

SG Americas Securities LLC lifted its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 399.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,495 shares of the company’s stock after acquiring an additional 13,193 shares during the period. SG Americas Securities LLC’s holdings in Rush Enterprises were worth $882,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of RUSHA. Farther Finance Advisors LLC grew its stake in shares of Rush Enterprises by 250.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 511 shares of the company’s stock worth $27,000 after acquiring an additional 365 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Rush Enterprises by 427.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 781 shares of the company’s stock worth $40,000 after purchasing an additional 633 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Rush Enterprises in the second quarter valued at $73,000. Smithfield Trust Co grew its holdings in Rush Enterprises by 864.5% during the second quarter. Smithfield Trust Co now owns 1,765 shares of the company’s stock worth $91,000 after purchasing an additional 1,582 shares during the period. Finally, United Services Automobile Association bought a new position in shares of Rush Enterprises during the 1st quarter worth approximately $217,000. Institutional investors and hedge funds own 84.43% of the company’s stock.

Analyst Upgrades and Downgrades

RUSHA has been the subject of several research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Rush Enterprises in a report on Wednesday, October 8th. Wall Street Zen raised shares of Rush Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Zacks Research raised Rush Enterprises from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. Finally, Stephens cut their price objective on Rush Enterprises from $60.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $55.00.

Rush Enterprises Stock Up 0.1%

Rush Enterprises stock opened at $61.53 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.34 and a current ratio of 1.37. The stock has a market cap of $4.74 billion, a PE ratio of 18.26, a price-to-earnings-growth ratio of 1.37 and a beta of 0.92. The firm’s 50-day simple moving average is $54.63 and its 200 day simple moving average is $54.21. Rush Enterprises, Inc. has a fifty-two week low of $45.67 and a fifty-two week high of $65.43.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.02. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.75 billion. Rush Enterprises had a return on equity of 12.52% and a net margin of 3.57%. Research analysts predict that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Wednesday, November 12th were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, November 12th. This represents a $0.76 annualized dividend and a dividend yield of 1.2%. Rush Enterprises’s dividend payout ratio is currently 22.55%.

About Rush Enterprises

Rush Enterprises, Inc, headquartered in New Braunfels, Texas, is a leading distributor of commercial vehicles and related products in the United States. Through its Rush Truck Centers subsidiary, the company sells new and used medium- and heavy-duty trucks, buses and specialty vehicles, while also offering factory-authorized parts, collision repair, maintenance and warranty support across its network of dealerships.

Founded in 1965, Rush Enterprises has grown to encompass more than 150 locations in over 20 states, partnering with major manufacturers including Kenworth, Peterbilt, Freightliner, Volvo and Mack.