Rush Enterprises, Inc. (NASDAQ:RUSHA) CFO Steven L. Keller Sells 43,875 Shares

Rush Enterprises, Inc. (NASDAQ:RUSHA) CFO Steven L. Keller sold 43,875 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $63.68, for a total value of $2,793,960.00. Following the transaction, the chief financial officer now directly owns 83,365 shares of the company’s stock, valued at approximately $5,308,683.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Rush Enterprises Stock Performance

Shares of RUSHA traded down $1.65 during trading hours on Thursday, hitting $62.93. The company’s stock had a trading volume of 513,583 shares, compared to its average volume of 357,752. The company has a market cap of $4.96 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 2.19 and a beta of 0.99. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.28. The business has a 50 day simple moving average of $52.41 and a two-hundred day simple moving average of $48.48. Rush Enterprises, Inc. has a 52-week low of $36.83 and a 52-week high of $65.15.

Rush Enterprises (NASDAQ:RUSHA) last issued its earnings results on Tuesday, October 29th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.02. Rush Enterprises had a net margin of 3.93% and a return on equity of 15.43%. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the firm posted $0.96 EPS. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. On average, equities analysts expect that Rush Enterprises, Inc. will post 3.45 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 Thursday, December 12th. Shareholders of record on Tuesday, November 12th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.72 annualized dividend and a yield of 1.14%. Rush Enterprises’s dividend payout ratio is currently 19.10%.

Institutional Investors Weigh In On Rush Enterprises

Several hedge funds and other institutional investors have recently modified their holdings of RUSHA. Allspring Global Investments Holdings LLC raised its position in shares of Rush Enterprises by 64.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 12,028 shares of the company’s stock worth $644,000 after buying an additional 4,706 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Rush Enterprises by 89.6% during the 1st quarter. BNP Paribas Financial Markets now owns 33,557 shares of the company’s stock valued at $1,796,000 after acquiring an additional 15,856 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Rush Enterprises during the first quarter worth about $625,000. Capstone Investment Advisors LLC purchased a new stake in Rush Enterprises in the first quarter valued at approximately $271,000. Finally, Texas Permanent School Fund Corp lifted its position in Rush Enterprises by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 53,911 shares of the company’s stock valued at $2,885,000 after purchasing an additional 705 shares during the last quarter. 84.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Stephens increased their price target on Rush Enterprises from $66.00 to $69.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st.

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.