Sei Investments Co. Purchases 10,437 Shares of Rush Enterprises, Inc. $RUSHA

Sei Investments Co. lifted its stake in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) by 12.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 92,419 shares of the company’s stock after buying an additional 10,437 shares during the period. Sei Investments Co. owned about 0.12% of Rush Enterprises worth $6,110,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Jennison Associates LLC lifted its holdings in Rush Enterprises by 166.4% during the 1st quarter. Jennison Associates LLC now owns 1,121,450 shares of the company’s stock worth $74,139,000 after purchasing an additional 700,511 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Rush Enterprises by 174.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 955,989 shares of the company’s stock worth $51,566,000 after purchasing an additional 607,047 shares during the last quarter. Pacer Advisors Inc. purchased a new position in Rush Enterprises during the 4th quarter valued at about $25,811,000. Millennium Management LLC raised its holdings in Rush Enterprises by 280.4% in the 3rd quarter. Millennium Management LLC now owns 540,942 shares of the company’s stock worth $28,924,000 after purchasing an additional 398,721 shares in the last quarter. Finally, Cooke & Bieler LP raised its position in shares of Rush Enterprises by 85.0% in the 4th quarter. Cooke & Bieler LP now owns 729,250 shares of the company’s stock worth $39,336,000 after acquiring an additional 335,019 shares in the last quarter. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Rush Enterprises News Summary

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

• Positive Sentiment: Rush Enterprises’ price target was raised to $95, implying additional upside from recent trading levels and providing a positive catalyst for RUSHA. Rush Enterprises Price Target Raised to $95.00
• Neutral Sentiment: Multiple insider transactions were disclosed in SEC filings for sales executed between July 30 and August 3. The filings show executives retained meaningful ownership stakes after the transactions, so the sales may reflect portfolio diversification or scheduled selling rather than a definitive change in the company’s outlook. Rush Enterprises Insider Transaction Filing
• Negative Sentiment: Rush Enterprises’ CEO William M. Rusty Rush sold 78,750 shares for approximately $6.38 million, reducing his holdings by about 33% across the reported transactions. CFO Steven L. Keller sold 22,500 shares worth roughly $1.82 million, while SVP Michael L. Goldstone sold 4,500 shares valued at approximately $365,000. The combined insider sales totaled about $8.56 million and could create near-term concerns about insider conviction. Rush Enterprises CEO Insider Sale Filing

Rush Enterprises Stock Performance

RUSHA opened at $80.96 on Tuesday. The company has a quick ratio of 0.38, a current ratio of 1.45 and a debt-to-equity ratio of 0.16. The firm’s 50-day moving average price is $72.82 and its 200-day moving average price is $70.12. Rush Enterprises, Inc. has a 52-week low of $45.67 and a 52-week high of $83.50. The company has a market cap of $6.29 billion, a P/E ratio of 24.39, 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 issued shares will be issued to shareholders after the closing bell on Monday, August 10th.

Rush Enterprises (NASDAQ:RUSHA) last posted 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 return on equity of 11.65% and a net margin of 3.67%.The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.89 billion. As a group, equities analysts anticipate that Rush Enterprises, Inc. will post 3.75 EPS for the current fiscal year.

Rush Enterprises Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Wednesday, September 9th will be given a dividend of $0.14 per share. The ex-dividend date 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 currently 16.87%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on RUSHA shares. Wolfe Research initiated coverage on Rush Enterprises in a research report on Monday, April 27th. They issued an “outperform” rating and a $88.00 price target for the company. Stephens upped their price objective on Rush Enterprises from $90.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Weiss Ratings raised Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 23rd. Wall Street Zen lowered Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Sunday, June 14th. Finally, UBS Group increased their target price on shares of Rush Enterprises from $73.00 to $78.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

Insider Activity

In other news, SVP Michael L. Goldstone sold 2,400 shares of the company’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $81.05, for a total value of $194,520.00. Following the sale, the senior vice president owned 12,590 shares in the company, valued at $1,020,419.50. This represents a 16.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven L. Keller sold 20,678 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $80.73, for a total transaction of $1,669,334.94. Following the sale, the chief financial officer directly owned 84,374 shares in the company, valued at $6,811,513.02. The trade was a 19.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 105,750 shares of company stock valued at $8,562,992 in the last quarter. 12.68% of the stock is currently owned by company insiders.

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.