Global Alpha Capital Management Ltd. Raises Stake in Rush Enterprises, Inc. (NASDAQ:RUSHA)

Global Alpha Capital Management Ltd. boosted its position in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 1.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 773,990 shares of the company’s stock after buying an additional 14,600 shares during the period. Rush Enterprises makes up approximately 2.7% of Global Alpha Capital Management Ltd.’s investment portfolio, making the stock its 13th largest holding. Global Alpha Capital Management Ltd. owned 0.98% of Rush Enterprises worth $40,890,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. ProShare Advisors LLC boosted its stake in shares of Rush Enterprises by 20.1% in the first quarter. ProShare Advisors LLC now owns 12,255 shares of the company’s stock valued at $656,000 after buying an additional 2,051 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Rush Enterprises during the 1st quarter worth approximately $898,000. 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 worth $759,000 after purchasing an additional 1,767 shares during the period. Clearbridge Investments LLC raised its position in shares of Rush Enterprises by 2.2% during the 1st quarter. Clearbridge Investments LLC now owns 427,553 shares of the company’s stock worth $22,883,000 after purchasing an additional 9,397 shares during the period. Finally, UniSuper Management Pty Ltd acquired a new stake in shares of Rush Enterprises during the 1st quarter worth approximately $612,000. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Analyst Ratings Changes

Separately, Stephens increased their price target on Rush Enterprises from $66.00 to $69.00 and gave the company an “overweight” rating in a research note on Friday, November 1st.

Rush Enterprises Price Performance

Shares of RUSHA stock opened at $58.94 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.40. The stock’s fifty day moving average is $54.51 and its 200-day moving average is $49.53. Rush Enterprises, Inc. has a 52 week low of $38.10 and a 52 week high of $65.15. The stock has a market capitalization of $4.66 billion, a PE ratio of 15.63, a PEG ratio of 2.29 and a beta of 0.99.

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

Rush Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 12th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Tuesday, November 12th. Rush Enterprises’s payout ratio is 19.10%.

Insider Activity at Rush Enterprises

In other news, CFO Steven L. Keller sold 43,875 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $63.68, for a total transaction of $2,793,960.00. Following the completion of the transaction, the chief financial officer now directly owns 83,365 shares of the company’s stock, valued at approximately $5,308,683.20. This represents a 34.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO William M. Rusty Rush sold 117,500 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $63.98, for a total transaction of $7,517,650.00. Following the transaction, the chief executive officer now directly owns 174,154 shares of the company’s stock, valued at approximately $11,142,372.92. This trade represents a 40.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 216,000 shares of company stock worth $13,319,573 over the last three months. Company insiders own 12.53% of the company’s stock.

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.