Rush Enterprises, Inc. (NASDAQ:RUSHA) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 584,000 shares, a decrease of 20.7% from the September 30th total of 736,100 shares. Based on an average daily trading volume, of 174,000 shares, the days-to-cover ratio is currently 3.4 days. Approximately 2.1% of the shares of the stock are short sold.

Shares of Rush Enterprises stock traded down $0.35 during trading hours on Thursday, reaching $44.47. 187,200 shares of the company’s stock were exchanged, compared to its average volume of 173,155. Rush Enterprises has a 52-week low of $31.53 and a 52-week high of $45.99. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 11.55, a price-to-earnings-growth ratio of 0.79 and a beta of 1.33. The company has a fifty day moving average of $40.70 and a 200-day moving average of $38.27. The company has a current ratio of 1.11, a quick ratio of 0.22 and a debt-to-equity ratio of 0.50.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The company had revenue of $1.60 billion for the quarter. Rush Enterprises had a return on equity of 15.15% and a net margin of 2.73%. On average, equities research analysts anticipate that Rush Enterprises will post 3.8 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 8th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Thursday, November 7th. Rush Enterprises’s dividend payout ratio (DPR) is currently 13.51%.

In other Rush Enterprises news, CEO William M. Rusty Rush sold 23,657 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $44.81, for a total transaction of $1,060,070.17. Following the transaction, the chief executive officer now owns 105,718 shares of the company’s stock, valued at approximately $4,737,223.58. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Steven L. Keller sold 18,000 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $43.98, for a total value of $791,640.00. The disclosure for this sale can be found here. 12.43% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of RUSHA. FNY Investment Advisers LLC raised its position in Rush Enterprises by 61.5% in the second quarter. FNY Investment Advisers LLC now owns 1,050 shares of the company’s stock valued at $38,000 after purchasing an additional 400 shares during the period. UBS Asset Management Americas Inc. grew its stake in shares of Rush Enterprises by 1.8% during the second quarter. UBS Asset Management Americas Inc. now owns 26,566 shares of the company’s stock valued at $970,000 after acquiring an additional 468 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Rush Enterprises by 25.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,616 shares of the company’s stock valued at $101,000 after acquiring an additional 524 shares in the last quarter. Magnetar Financial LLC grew its stake in shares of Rush Enterprises by 2.9% during the second quarter. Magnetar Financial LLC now owns 23,289 shares of the company’s stock valued at $851,000 after acquiring an additional 662 shares in the last quarter. Finally, Strs Ohio grew its stake in shares of Rush Enterprises by 3.3% during the second quarter. Strs Ohio now owns 21,800 shares of the company’s stock valued at $796,000 after acquiring an additional 700 shares in the last quarter. 73.97% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have weighed in on RUSHA. BidaskClub lowered Rush Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 2nd. Zacks Investment Research raised Rush Enterprises from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, ValuEngine lowered Rush Enterprises from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 10th.

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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