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 business’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $56.43, for a total transaction of $634,837.50. Following the sale, the senior vice president now directly owns 3,117 shares of the company’s stock, valued at $175,892.31. This represents a 78.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Rush Enterprises Stock Up 3.0 %

RUSHA stock opened at $56.89 on Wednesday. The stock has a market capitalization of $4.50 billion, a P/E ratio of 15.25, a P/E/G ratio of 1.04 and a beta of 1.02. The firm has a 50-day simple moving average of $58.03 and a 200-day simple moving average of $56.16. The company has a quick ratio of 0.28, a current ratio of 1.45 and a debt-to-equity ratio of 0.23. Rush Enterprises, Inc. has a 52 week low of $40.99 and a 52 week high of $65.43.

Rush Enterprises (NASDAQ:RUSHA) last released its earnings results on Tuesday, February 18th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.09. The business 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%. Equities analysts forecast that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal 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 paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.72 annualized dividend and a yield of 1.27%. Rush Enterprises’s dividend payout ratio is presently 19.30%.

Analyst Ratings Changes

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

Institutional Trading of Rush Enterprises

Several large investors have recently bought and sold shares of the business. FMR LLC grew its stake in Rush Enterprises by 34.8% during the 3rd quarter. FMR LLC now owns 5,174,262 shares of the company’s stock valued at $273,356,000 after acquiring an additional 1,336,528 shares in the last quarter. State Street Corp boosted its holdings in Rush Enterprises by 0.7% in the 3rd quarter. State Street Corp now owns 2,349,597 shares of the company’s stock valued at $124,129,000 after purchasing an additional 16,082 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Rush Enterprises by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,616,048 shares of the company’s stock valued at $85,390,000 after purchasing an additional 16,803 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in Rush Enterprises by 3.1% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,222,719 shares of the company’s stock valued at $66,993,000 after purchasing an additional 36,326 shares during the last quarter. Finally, Beck Mack & Oliver LLC boosted its holdings in Rush Enterprises by 0.5% in the 4th quarter. Beck Mack & Oliver LLC now owns 1,073,567 shares of the company’s stock valued at $58,821,000 after purchasing an additional 5,823 shares during the last quarter. Hedge funds and other institutional investors own 84.43% of the company’s stock.

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.