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

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 shares were sold at an average price of $58.52, for a total transaction of $234,080.00. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Rush Enterprises Stock Down 4.4 %

Shares of RUSHA stock traded down $2.58 during trading on Friday, reaching $55.72. The company’s stock had a trading volume of 370,896 shares, compared to its average volume of 297,826. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.45 and a quick ratio of 0.28. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of 14.94, a P/E/G ratio of 2.48 and a beta of 1.02. The stock’s 50-day moving average price is $58.16 and its 200 day moving average price is $56.02. Rush Enterprises, Inc. has a 1-year low of $40.99 and a 1-year high of $65.43.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.09. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Rush Enterprises had a net margin of 3.90% and a return on equity of 14.76%. On average, research analysts anticipate that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Announces Dividend

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

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

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

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.