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 firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $56.43, for a total transaction of $634,837.50. Following the transaction, the senior vice president now owns 3,117 shares in the company, valued at approximately $175,892.31. This trade represents a 78.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Rush Enterprises Stock Performance

NASDAQ:RUSHA opened at $58.00 on Friday. The firm’s fifty day moving average price is $58.11 and its 200 day moving average price is $56.19. Rush Enterprises, Inc. has a 1-year low of $40.99 and a 1-year high of $65.43. 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 firm has a market cap of $4.58 billion, a price-to-earnings ratio of 15.55, a price-to-earnings-growth ratio of 1.04 and a beta of 1.02.

Rush Enterprises (NASDAQ:RUSHA) last posted 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. Rush Enterprises had a net margin of 3.90% and a return on equity of 14.76%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.86 billion. On average, sell-side analysts expect that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Monday, March 3rd will be given a $0.18 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.72 dividend on an annualized basis and a yield of 1.24%. Rush Enterprises’s dividend payout ratio (DPR) is 19.30%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Rush Enterprises

A number of hedge funds and other institutional investors have recently bought and sold shares of RUSHA. Blue Trust Inc. boosted its position in shares of Rush Enterprises by 266.1% during the 3rd quarter. Blue Trust Inc. now owns 703 shares of the company’s stock worth $37,000 after purchasing an additional 511 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of 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 purchasing an additional 703 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of 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 purchasing an additional 192 shares in the last quarter. Costello Asset Management INC purchased a new stake in shares of Rush Enterprises during the 3rd quarter worth $58,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of 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 purchasing an additional 616 shares in the last quarter. 84.43% of the stock is currently owned by hedge funds and other 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.