Rush Enterprises (NASDAQ:RUSHA) Director Sells $566,480.00 in Stock

Rush Enterprises, Inc. (NASDAQ:RUSHA) Director Michael Mcroberts sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $70.81, for a total value of $566,480.00. Following the completion of the sale, the director owned 16,229 shares in the company, valued at $1,149,175.49. This represents a 33.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Rush Enterprises Price Performance

NASDAQ RUSHA traded down $1.99 during trading on Monday, hitting $73.27. 420,972 shares of the stock traded hands, compared to its average volume of 493,133. The company has a quick ratio of 0.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.16. Rush Enterprises, Inc. has a 12-month low of $45.67 and a 12-month high of $75.99. The firm has a 50-day simple moving average of $62.53 and a 200-day simple moving average of $56.71. The company has a market capitalization of $5.65 billion, a P/E ratio of 22.41, a price-to-earnings-growth ratio of 0.92 and a beta of 0.92.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.12. The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Rush Enterprises had a return on equity of 11.96% and a net margin of 3.55%. As a group, analysts predict that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Tuesday, March 3rd will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, March 3rd. This represents a $0.76 annualized dividend and a yield of 1.0%. Rush Enterprises’s dividend payout ratio (DPR) is 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 stake in Rush Enterprises by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,774,824 shares of the company’s stock worth $203,618,000 after purchasing an additional 29,375 shares during the last quarter. State Street Corp grew its stake 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 valued at $121,524,000 after buying an additional 6,994 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings 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 worth $63,054,000 after buying an additional 148,363 shares during the period. American Century Companies Inc. raised its holdings in shares of Rush Enterprises by 38.6% in the third quarter. American Century Companies Inc. now owns 1,173,429 shares of the company’s stock worth $62,743,000 after buying an additional 326,917 shares during the period. Finally, Global Alpha Capital Management Ltd. lifted its stake in shares of Rush Enterprises by 20.6% during the 4th 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. 84.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RUSHA. Wall Street Zen upgraded shares of Rush Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Zacks Research upgraded Rush Enterprises from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Weiss Ratings downgraded Rush Enterprises from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 10th. Stephens reaffirmed an “overweight” rating and issued a $80.00 price objective (up from $55.00) on shares of Rush Enterprises in a research note on Thursday. Finally, UBS Group reiterated a “neutral” rating and issued a $73.00 target price (up previously from $70.00) on shares of Rush Enterprises in a report on Wednesday, February 18th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $76.50.

About Rush Enterprises

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.