Michael Mcroberts Sells 4,000 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) Stock

Rush Enterprises, Inc. (NASDAQ:RUSHA) Director Michael Mcroberts sold 4,000 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $58.52, for a total transaction of $234,080.00. Following the sale, the director now directly owns 15,771 shares in the company, valued at $922,918.92. This trade represents a 20.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Rush Enterprises Stock Performance

Shares of RUSHA stock opened at $55.72 on Friday. Rush Enterprises, Inc. has a one year low of $40.99 and a one year high of $65.43. The company’s 50-day moving average is $58.16 and its 200 day moving average is $56.02. The company 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. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.45.

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

Rush Enterprises Dividend Announcement

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

Hedge Funds Weigh In On Rush Enterprises

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC lifted its stake in Rush Enterprises by 1.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 11,183 shares of the company’s stock valued at $613,000 after acquiring an additional 186 shares during the period. GAMMA Investing LLC lifted its stake in shares of Rush Enterprises by 24.4% in the 4th quarter. GAMMA Investing LLC now owns 979 shares of the company’s stock worth $54,000 after purchasing an additional 192 shares during the period. Louisiana State Employees Retirement System lifted its stake in shares of Rush Enterprises by 0.7% in the 4th quarter. Louisiana State Employees Retirement System now owns 30,100 shares of the company’s stock worth $1,649,000 after purchasing an additional 200 shares during the period. Summit Investment Advisors Inc. lifted its stake in shares of Rush Enterprises by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,365 shares of the company’s stock worth $349,000 after purchasing an additional 202 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Rush Enterprises by 1.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 32,516 shares of the company’s stock worth $1,782,000 after purchasing an additional 345 shares during the period. Institutional investors own 84.43% of the company’s stock.

Analysts Set New Price Targets

Separately, Stephens reissued an “overweight” rating and set a $69.00 price objective on shares of Rush Enterprises in a research report on Wednesday.

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 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.