Rush Enterprises, Inc. (NASDAQ:RUSHA) Director Sells $234,080.00 in Stock

Rush Enterprises, Inc. (NASDAQ:RUSHA) Director Michael Mcroberts sold 4,000 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $58.52, for a total value of $234,080.00. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Rush Enterprises Stock Performance

Shares of Rush Enterprises stock opened at $55.72 on Monday. Rush Enterprises, Inc. has a 52 week low of $40.99 and a 52 week high of $65.43. The company has a quick ratio of 0.28, a current ratio of 1.45 and a debt-to-equity ratio of 0.23. The stock’s fifty day moving average is $58.16 and its two-hundred day moving average is $56.09. The company has a market capitalization of $4.40 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 1.04 and a beta of 1.02.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.09. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.86 billion. As a group, analysts expect that Rush Enterprises, Inc. will post 3.91 earnings per share for the current year.

Rush Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.18 per share. 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 payout ratio is 19.30%.

Analyst Upgrades and Downgrades

Separately, Stephens reaffirmed an “overweight” rating and issued a $69.00 price objective 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 made changes to their positions in RUSHA. FMR LLC lifted its stake in shares of Rush Enterprises by 34.8% during the 3rd quarter. FMR LLC now owns 5,174,262 shares of the company’s stock worth $273,356,000 after purchasing an additional 1,336,528 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Rush Enterprises by 1,398.4% during the 4th quarter. Jennison Associates LLC now owns 509,380 shares of the company’s stock worth $27,909,000 after purchasing an additional 475,384 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in shares of Rush Enterprises by 5,379.0% during the 4th quarter. Proficio Capital Partners LLC now owns 334,822 shares of the company’s stock worth $18,345,000 after purchasing an additional 328,711 shares during the last quarter. Norges Bank purchased a new stake in shares of Rush Enterprises during the 4th quarter worth $10,127,000. Finally, Janus Henderson Group PLC lifted its stake in shares of Rush Enterprises by 148.1% during the 3rd quarter. Janus Henderson Group PLC now owns 308,204 shares of the company’s stock worth $16,282,000 after purchasing an additional 183,965 shares during the last quarter. Institutional investors own 84.43% of the company’s stock.

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.