Gabelli Funds LLC cut its holdings in shares of Rush Enterprises, Inc. (NASDAQ:RUSHB) by 0.6% in the 3rd quarter, Holdings Channel reports. The firm owned 329,000 shares of the company’s stock after selling 2,000 shares during the period. Gabelli Funds LLC’s holdings in Rush Enterprises were worth $13,124,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Strs Ohio lifted its stake in shares of Rush Enterprises by 9.9% in the 2nd quarter. Strs Ohio now owns 15,600 shares of the company’s stock valued at $684,000 after acquiring an additional 1,400 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Rush Enterprises by 21.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 22,958 shares of the company’s stock valued at $1,008,000 after acquiring an additional 4,089 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Rush Enterprises by 1.6% in the 2nd quarter. BlackRock Inc. now owns 280,873 shares of the company’s stock valued at $12,331,000 after acquiring an additional 4,396 shares during the last quarter. Private Management Group Inc. lifted its stake in shares of Rush Enterprises by 1.8% in the 2nd quarter. Private Management Group Inc. now owns 394,497 shares of the company’s stock valued at $17,318,000 after acquiring an additional 7,091 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in shares of Rush Enterprises by 3.5% in the 2nd quarter. Gamco Investors INC. ET AL now owns 627,499 shares of the company’s stock valued at $27,547,000 after acquiring an additional 21,400 shares during the last quarter. Hedge funds and other institutional investors own 9.96% of the company’s stock.
Separately, ValuEngine cut Rush Enterprises from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th.
Shares of RUSHB opened at $37.60 on Friday. Rush Enterprises, Inc. has a 52 week low of $32.75 and a 52 week high of $52.76. The firm has a market capitalization of $1.48 billion, a PE ratio of 11.51 and a beta of 1.15. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 0.29.
Rush Enterprises (NASDAQ:RUSHB) last announced its quarterly earnings results on Tuesday, October 23rd. The company reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.14. Rush Enterprises had a return on equity of 12.99% and a net margin of 3.83%. The company had revenue of $1.38 billion during the quarter.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Wednesday, November 7th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Tuesday, November 6th.
Rush Enterprises Company Profile
Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States. 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, Mitsubishi Fuso, IC Bus, or Blue Bird; provides new and used commercial vehicles, and aftermarket parts, as well as service and repair, financing, and leasing and rental services; and offers property and casualty insurance, including collision and liability insurance on commercial vehicles, cargo insurance, and credit life insurance to its commercial vehicle customers.
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