Rush Enterprises, Inc. (NASDAQ:RUSHA) SVP Sells $634,837.50 in Stock

Rush Enterprises, Inc. (NASDAQ:RUSHA) SVP Jody Pollard sold 11,250 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $56.43, for a total value of $634,837.50. Following the sale, the senior vice president now owns 3,117 shares of the company’s stock, valued at approximately $175,892.31. This represents a 78.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Rush Enterprises Stock Up 3.0 %

Shares of NASDAQ:RUSHA traded up $1.68 during midday trading on Tuesday, hitting $56.89. 457,233 shares of the stock were exchanged, compared to its average volume of 306,595. 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, Inc. has a 52-week low of $40.99 and a 52-week high of $65.43. The business’s fifty day simple moving average is $58.06 and its two-hundred day simple moving average is $56.12. The company has a market capitalization of $4.50 billion, a PE ratio of 15.25, a P/E/G ratio of 1.04 and a beta of 1.02.

Rush Enterprises (NASDAQ:RUSHA) last announced 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. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.86 billion. As a group, research analysts predict that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Announces Dividend

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 issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.72 annualized dividend and a yield of 1.27%. Rush Enterprises’s dividend payout ratio (DPR) is currently 19.30%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Rush Enterprises

Several institutional investors have recently bought and sold shares of RUSHA. Creative Planning bought a new position in Rush Enterprises during the third quarter valued at about $316,000. Blue Trust Inc. increased its stake in shares of Rush Enterprises by 266.1% in the third quarter. Blue Trust Inc. now owns 703 shares of the company’s stock worth $37,000 after purchasing an additional 511 shares during the period. International Assets Investment Management LLC increased its stake in shares of Rush Enterprises by 5,183.0% in the third quarter. International Assets Investment Management LLC now owns 18,913 shares of the company’s stock worth $999,000 after purchasing an additional 18,555 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Rush Enterprises by 324.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 41,400 shares of the company’s stock worth $2,187,000 after purchasing an additional 31,657 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of Rush Enterprises by 73.8% in the third quarter. Farther Finance Advisors LLC now owns 1,479 shares of the company’s stock worth $78,000 after purchasing an additional 628 shares during the period. 84.43% of the stock is currently owned by institutional investors.

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.