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

Rush Enterprises, Inc. (NASDAQ:RUSHA) Director Michael Mcroberts sold 4,000 shares of Rush Enterprises stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $58.52, for a total transaction of $234,080.00. Following the completion of the transaction, the director now directly owns 15,771 shares in the company, valued at approximately $922,918.92. The trade was a 20.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Rush Enterprises Stock Down 4.4 %

Shares of NASDAQ RUSHA opened at $55.72 on Friday. 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. The firm’s fifty day moving average is $58.16 and its 200 day moving average is $56.02. The company has a market cap of $4.40 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 1.04 and a beta of 1.02.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.09. The business had revenue of $2.01 billion for 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%. On average, equities research analysts expect that Rush Enterprises, Inc. will post 3.91 earnings per share for the current year.

Rush Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Monday, March 3rd will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.29%. The ex-dividend date is Monday, March 3rd. Rush Enterprises’s dividend payout ratio (DPR) is currently 19.30%.

Analyst Upgrades and Downgrades

Separately, Stephens reaffirmed an “overweight” rating and issued a $69.00 target price on shares of Rush Enterprises in a research note on Wednesday.

Institutional Trading of Rush Enterprises

Several large investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its position in shares of Rush Enterprises by 266.1% in the 3rd quarter. Blue Trust Inc. now owns 703 shares of the company’s stock worth $37,000 after buying an additional 511 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Rush Enterprises by 475.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 851 shares of the company’s stock worth $46,000 after buying an additional 703 shares during the period. GAMMA Investing LLC grew its position in shares of Rush Enterprises by 24.4% in the 4th quarter. GAMMA Investing LLC now owns 979 shares of the company’s stock worth $54,000 after buying an additional 192 shares during the period. Costello Asset Management INC purchased a new stake in shares of Rush Enterprises in the 3rd quarter worth about $58,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Rush Enterprises by 121.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the company’s stock worth $62,000 after buying an additional 616 shares during the period. 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.