Rush Enterprises, Inc. (NASDAQ:RUSHA) Director Sells $234,080.00 in Stock

Rush Enterprises, Inc. (NASDAQ:RUSHA) Director Michael Mcroberts sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $58.52, for a total value of $234,080.00. Following the completion of the transaction, the director now directly owns 15,771 shares in the company, valued at approximately $922,918.92. This represents a 20.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Rush Enterprises Stock Down 4.4 %

Shares of RUSHA opened at $55.72 on Monday. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 1.04 and a beta of 1.02. Rush Enterprises, Inc. has a 1 year low of $40.99 and a 1 year high of $65.43. The business’s 50 day simple moving average is $58.16 and its 200-day simple moving average is $56.09. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.45 and a quick ratio of 0.28.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.09. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. As a group, equities analysts expect that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.18 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.72 annualized dividend and a dividend yield of 1.29%. Rush Enterprises’s dividend payout ratio (DPR) is 19.30%.

Analyst Upgrades and Downgrades

Separately, Stephens reissued an “overweight” rating and issued a $69.00 price target on shares of Rush Enterprises in a report on Wednesday, February 19th.

Institutional Trading of Rush Enterprises

Several hedge funds have recently modified their holdings of RUSHA. Blue Trust Inc. increased its position in shares of Rush Enterprises by 266.1% during the 3rd quarter. Blue Trust Inc. now owns 703 shares of the company’s stock valued at $37,000 after purchasing an additional 511 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Rush Enterprises by 475.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 851 shares of the company’s stock valued at $46,000 after purchasing an additional 703 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Rush Enterprises by 24.4% during the 4th quarter. GAMMA Investing LLC now owns 979 shares of the company’s stock valued at $54,000 after purchasing an additional 192 shares during the last quarter. Costello Asset Management INC bought a new position in shares of Rush Enterprises during the 3rd quarter valued at approximately $58,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Rush Enterprises by 121.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the company’s stock valued at $62,000 after purchasing an additional 616 shares during the last quarter. 84.43% of the stock is owned by hedge funds and other institutional investors.

About Rush Enterprises

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.