Rush Enterprises, Inc. (NASDAQ:RUSHA) SVP Sells $634,837.50 in Stock

Rush Enterprises, Inc. (NASDAQ:RUSHA - Get Free Report) SVP Jody Pollard sold 11,250 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $56.43, for a total transaction of $634,837.50. Following the completion of the transaction, the senior vice president now directly owns 3,117 shares of the company's stock, valued at approximately $175,892.31. The trade was a 78.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Rush Enterprises Stock Up 0.6 %

Rush Enterprises stock traded up $0.32 during trading on Friday, reaching $58.32. The stock had a trading volume of 395,924 shares, compared to its average volume of 311,513. Rush Enterprises, Inc. has a 52-week low of $40.99 and a 52-week high of $65.43. The business has a 50 day moving average price of $58.19 and a 200 day moving average price of $56.24. 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 has a market cap of $4.61 billion, a PE ratio of 15.64, a P/E/G ratio of 1.04 and a beta of 1.02.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last issued 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 net margin of 3.90% and a return on equity of 14.76%. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.86 billion. On average, analysts predict that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

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Rush Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.72 dividend on an annualized basis and a yield of 1.23%. Rush Enterprises's payout ratio is currently 19.30%.

Wall Street Analyst Weigh In

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

Institutional Trading of Rush Enterprises

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RUSHA. Creative Planning acquired a new position in shares of Rush Enterprises in the 3rd quarter valued at $316,000. Blue Trust Inc. increased its holdings in shares of Rush Enterprises by 266.1% in the 3rd quarter. Blue Trust Inc. now owns 703 shares of the company's stock valued at $37,000 after acquiring an additional 511 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Rush Enterprises by 5,183.0% in the 3rd quarter. International Assets Investment Management LLC now owns 18,913 shares of the company's stock valued at $999,000 after acquiring an additional 18,555 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Rush Enterprises by 324.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 41,400 shares of the company's stock valued at $2,187,000 after acquiring an additional 31,657 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in shares of Rush Enterprises by 73.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,479 shares of the company's stock valued at $78,000 after acquiring an additional 628 shares during the period. Institutional investors and hedge funds 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.