Insider Selling: Rush Enterprises, Inc. (NASDAQ:RUSHA) CFO Sells 14,625 Shares of Stock

Rush Enterprises, Inc. (NASDAQ:RUSHA) CFO Steven L. Keller sold 14,625 shares of Rush Enterprises stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $58.50, for a total value of $855,562.50. Following the completion of the sale, the chief financial officer now directly owns 83,365 shares in the company, valued at $4,876,852.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Rush Enterprises Stock Performance

RUSHA traded up $1.42 during trading on Tuesday, reaching $59.50. The company’s stock had a trading volume of 428,967 shares, compared to its average volume of 353,671. Rush Enterprises, Inc. has a 52-week low of $36.83 and a 52-week high of $60.55. The company’s fifty day moving average price is $52.03 and its 200-day moving average price is $48.29. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 2.17 and a beta of 0.99. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.40.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.95 by $0.02. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.84 billion. Rush Enterprises had a return on equity of 15.43% and a net margin of 3.93%. The company’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.96 EPS. On average, equities analysts forecast that Rush Enterprises, Inc. will post 3.45 earnings per share for the current fiscal year.

Rush Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Tuesday, November 12th. Rush Enterprises’s dividend payout ratio (DPR) is 19.10%.

Institutional Investors Weigh In On Rush Enterprises

Several institutional investors have recently modified their holdings of the company. Hexagon Capital Partners LLC boosted its stake in shares of Rush Enterprises by 41.3% during the 2nd quarter. Hexagon Capital Partners LLC now owns 982 shares of the company’s stock worth $41,000 after acquiring an additional 287 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Rush Enterprises by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 17,296 shares of the company’s stock worth $724,000 after acquiring an additional 367 shares in the last quarter. Verdence Capital Advisors LLC raised its position in shares of Rush Enterprises by 5.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 7,785 shares of the company’s stock worth $411,000 after purchasing an additional 370 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Rush Enterprises by 1.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,270 shares of the company’s stock worth $1,477,000 after purchasing an additional 405 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Rush Enterprises by 147.5% during the 3rd quarter. GAMMA Investing LLC now owns 787 shares of the company’s stock worth $42,000 after purchasing an additional 469 shares during the last quarter. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Stephens lifted their price objective on Rush Enterprises from $66.00 to $69.00 and gave the company an “overweight” rating in a report on Friday.

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.