Insider Selling: Rush Enterprises (NASDAQ:RUSHA) SVP Sells 11,250 Shares of Stock

Rush Enterprises, Inc. (NASDAQ:RUSHA) SVP Jody Pollard sold 11,250 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $71.92, for a total value of $809,100.00. Following the completion of the transaction, the senior vice president owned 3,385 shares of the company’s stock, valued at $243,449.20. The trade was a 76.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Rush Enterprises Price Performance

Shares of NASDAQ RUSHA traded down $1.99 during trading on Monday, hitting $73.27. 420,972 shares of the company were exchanged, compared to its average volume of 493,133. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.40 and a quick ratio of 0.37. Rush Enterprises, Inc. has a 1 year low of $45.67 and a 1 year high of $75.99. The company has a market cap of $5.65 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 0.92 and a beta of 0.92. The firm’s fifty day moving average price is $62.53 and its 200 day moving average price is $56.71.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.72 billion. Rush Enterprises had a net margin of 3.55% and a return on equity of 11.96%. On average, sell-side analysts expect that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Tuesday, March 3rd will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Tuesday, March 3rd. Rush Enterprises’s dividend payout ratio (DPR) is presently 23.24%.

Institutional Trading of Rush Enterprises

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RUSHA. Dimensional Fund Advisors LP lifted its holdings in Rush Enterprises by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,774,824 shares of the company’s stock valued at $203,618,000 after purchasing an additional 29,375 shares in the last quarter. State Street Corp grew its holdings in shares of Rush Enterprises by 0.3% during the second quarter. State Street Corp now owns 2,359,238 shares of the company’s stock worth $121,524,000 after buying an additional 6,994 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of Rush Enterprises by 14.4% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,179,236 shares of the company’s stock valued at $63,054,000 after buying an additional 148,363 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Rush Enterprises by 38.6% during the third quarter. American Century Companies Inc. now owns 1,173,429 shares of the company’s stock valued at $62,743,000 after buying an additional 326,917 shares during the period. Finally, Global Alpha Capital Management Ltd. boosted its position in Rush Enterprises by 20.6% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 1,012,486 shares of the company’s stock worth $54,613,000 after acquiring an additional 173,096 shares during the last quarter. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RUSHA. UBS Group reaffirmed a “neutral” rating and set a $73.00 price objective (up from $70.00) on shares of Rush Enterprises in a report on Wednesday, February 18th. Wall Street Zen raised Rush Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Weiss Ratings lowered shares of Rush Enterprises from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 10th. Zacks Research upgraded shares of Rush Enterprises from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. Finally, Stephens restated an “overweight” rating and set a $80.00 target price (up previously from $55.00) on shares of Rush Enterprises in a research report on Thursday. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $76.50.

Rush Enterprises Company Profile

Rush Enterprises, Inc, headquartered in New Braunfels, Texas, is a leading distributor of commercial vehicles and related products in the United States. Through its Rush Truck Centers subsidiary, the company sells new and used medium- and heavy-duty trucks, buses and specialty vehicles, while also offering factory-authorized parts, collision repair, maintenance and warranty support across its network of dealerships.

Founded in 1965, Rush Enterprises has grown to encompass more than 150 locations in over 20 states, partnering with major manufacturers including Kenworth, Peterbilt, Freightliner, Volvo and Mack.