Jody Pollard Sells 11,250 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) Stock

Rush Enterprises, Inc. (NASDAQ:RUSHA) SVP Jody Pollard sold 11,250 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $56.43, for a total value 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 $175,892.31. This trade represents a 78.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Rush Enterprises Price Performance

RUSHA traded up $1.68 during trading on Tuesday, reaching $56.89. The stock 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 price-to-earnings ratio of 15.25, a price-to-earnings-growth ratio of 1.04 and a beta of 1.02. 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 1-year low of $40.99 and a 1-year high of $65.43. The stock has a 50 day moving average of $58.06 and a two-hundred day moving average of $56.12.

Rush Enterprises (NASDAQ:RUSHA) last released its earnings results on Tuesday, February 18th. The company reported $0.91 earnings per share 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%. As a group, equities analysts anticipate that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Monday, March 3rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.27%. Rush Enterprises’s dividend payout ratio (DPR) is presently 19.30%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Rush Enterprises

Institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. lifted its position in shares of Rush Enterprises by 266.1% during 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 last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Rush Enterprises by 475.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 851 shares of the company’s stock valued at $46,000 after purchasing an additional 703 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Rush Enterprises by 24.4% in the fourth quarter. GAMMA Investing LLC now owns 979 shares of the company’s stock valued at $54,000 after purchasing an additional 192 shares in the last quarter. Costello Asset Management INC purchased a new stake in shares of Rush Enterprises in the third quarter valued at $58,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Rush Enterprises by 121.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the company’s stock valued at $62,000 after purchasing an additional 616 shares in the last quarter. Institutional investors and hedge funds 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.