Rush Enterprises, Inc. $RUSHA Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC cut its stake in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 15.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 330,749 shares of the company’s stock after selling 60,540 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Rush Enterprises were worth $21,866,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC raised its holdings in shares of Rush Enterprises by 75.4% during the first quarter. Root Financial Partners LLC now owns 407 shares of the company’s stock valued at $27,000 after acquiring an additional 175 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of Rush Enterprises by 495.4% in the third quarter. CIBC Private Wealth Group LLC now owns 518 shares of the company’s stock worth $28,000 after acquiring an additional 431 shares during the last quarter. Private Trust Co. NA increased its position in shares of Rush Enterprises by 211.4% during the fourth quarter. Private Trust Co. NA now owns 545 shares of the company’s stock worth $29,000 after purchasing an additional 370 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new position in Rush Enterprises in the 3rd quarter valued at $34,000. Finally, Allworth Financial LP raised its stake in Rush Enterprises by 5,790.9% in the 3rd quarter. Allworth Financial LP now owns 648 shares of the company’s stock valued at $35,000 after purchasing an additional 637 shares during the last quarter. 84.43% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Rush Enterprises

Here are the key news stories impacting Rush Enterprises this week:

• Positive Sentiment: Rush Enterprises reported quarterly EPS of $0.91, exceeding the $0.86 analyst consensus, while revenue of $1.90 billion also topped the $1.89 billion estimate. The earnings beat helped drive shares to a new one-year high. Rush Enterprises Sets New 1-Year High on Earnings Beat
• Positive Sentiment: Stephens raised its price target from $90 to $95 and maintained an “overweight” rating, implying roughly 19% potential upside from the referenced share price. The upgrade reflects confidence in Rush’s diversified business model and earnings prospects. Stephens Price Target Update
• Positive Sentiment: Analyst coverage and post-earnings reviews highlighted steady results across Rush’s diversified operations and signs of an early recovery in the commercial-vehicle market, supporting continued investor interest. RUSHA Q2 Deep Dive
• Neutral Sentiment: Rush Enterprises plans a 3-for-2 stock split, with additional shares distributed to existing shareholders after the specified record-date market close and trading on a split-adjusted basis afterward. The split does not alter shareholders’ underlying ownership value or the company’s fundamentals, but it could improve share affordability and liquidity. Reports provided different effective dates—August 11 and September 1—so investors should confirm the final schedule with the company or exchange. Rush Enterprises Shares Set to Split

Analysts Set New Price Targets

A number of brokerages have weighed in on RUSHA. Wolfe Research began coverage on Rush Enterprises in a report on Monday, April 27th. They issued an “outperform” rating and a $88.00 price objective on the stock. Stephens increased their target price on shares of Rush Enterprises from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday. Wall Street Zen downgraded shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Sunday, June 14th. Weiss Ratings upgraded shares of Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 23rd. Finally, UBS Group boosted their price target on shares of Rush Enterprises from $73.00 to $78.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $87.00.

Rush Enterprises Stock Down 0.2%

Shares of RUSHA opened at $79.79 on Friday. Rush Enterprises, Inc. has a 52-week low of $45.67 and a 52-week high of $83.50. The company has a quick ratio of 0.37, a current ratio of 1.45 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $72.57 and a two-hundred day simple moving average of $69.89. The company has a market capitalization of $6.20 billion, a PE ratio of 24.03, a price-to-earnings-growth ratio of 1.77 and a beta of 0.89.

Rush Enterprises shares are set to split on the morning of Tuesday, August 11th. The 3-2 split was recently announced. The newly created shares will be issued to shareholders after the market closes on Monday, August 10th.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.05. Rush Enterprises had a net margin of 3.67% and a return on equity of 11.65%. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.89 billion. As a group, equities analysts forecast that Rush Enterprises, Inc. will post 3.75 EPS for the current year.

Rush Enterprises Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Wednesday, September 9th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $0.56 dividend on an annualized basis and a yield of 0.7%. Rush Enterprises’s payout ratio is 22.89%.

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.