Insider Selling: Rush Enterprises, Inc. (NASDAQ:RUSHA) Director Sells 4,000 Shares of Stock

Rush Enterprises, Inc. (NASDAQ:RUSHA - Get Free Report) Director Michael Mcroberts sold 4,000 shares of Rush Enterprises stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $58.52, for a total transaction of $234,080.00. Following the transaction, the director now directly owns 15,771 shares in the company, valued at approximately $922,918.92. This trade represents a 20.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Rush Enterprises Stock Performance

RUSHA stock traded up $1.68 during midday trading on Tuesday, reaching $56.89. The company had a trading volume of 457,233 shares, compared to its average volume of 306,595. The firm has a market capitalization of $4.50 billion, a PE ratio of 15.25, a P/E/G ratio of 1.04 and a beta of 1.02. The stock has a 50 day moving average price of $58.06 and a 200 day moving average price of $56.12. Rush Enterprises, Inc. has a fifty-two week low of $40.99 and a fifty-two 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.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.09. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.86 billion. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. Analysts anticipate that Rush Enterprises, Inc. will post 3.91 earnings per share for the current year.

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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 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%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Blue Trust Inc. boosted its position in 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 acquiring an additional 511 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Rush Enterprises by 475.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 851 shares of the company's stock worth $46,000 after purchasing an additional 703 shares during the period. GAMMA Investing LLC grew its position in Rush Enterprises by 24.4% in the 4th quarter. GAMMA Investing LLC now owns 979 shares of the company's stock valued at $54,000 after buying an additional 192 shares in the last quarter. Costello Asset Management INC bought a new position in Rush Enterprises in the 3rd quarter valued at about $58,000. Finally, Tower Research Capital LLC TRC increased its stake in Rush Enterprises by 121.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the company's stock valued at $62,000 after buying an additional 616 shares during the period. Institutional investors own 84.43% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Stephens reiterated an "overweight" rating and set a $69.00 price objective on shares of Rush Enterprises in a research note on Wednesday, February 19th.

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.