Insider Selling: Rush Enterprises (NASDAQ:RUSHA) SVP Sells $809,100.00 in Stock

Rush Enterprises, Inc. (NASDAQ:RUSHA) SVP Jody Pollard sold 11,250 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $71.92, for a total value of $809,100.00. Following the completion of the transaction, the senior vice president owned 3,385 shares of the company’s stock, valued at $243,449.20. This represents a 76.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Rush Enterprises Stock Performance

NASDAQ:RUSHA opened at $71.18 on Thursday. The stock’s 50-day moving average is $63.47 and its 200-day moving average is $57.07. Rush Enterprises, Inc. has a 1-year low of $45.67 and a 1-year high of $75.99. The company has a current ratio of 1.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.16. The stock has a market cap of $5.49 billion, a P/E ratio of 21.77, a price-to-earnings-growth ratio of 0.90 and a beta of 0.92.

Rush Enterprises (NASDAQ:RUSHA) last posted its earnings results on Tuesday, February 17th. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.69 by $0.12. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.72 billion. Rush Enterprises had a net margin of 3.55% and a return on equity of 11.96%. Equities research analysts anticipate that Rush Enterprises, Inc. will post 3.91 earnings per share for the current year.

Rush Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Tuesday, March 3rd will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, March 3rd. Rush Enterprises’s dividend payout ratio (DPR) is 23.24%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on RUSHA. Weiss Ratings lowered shares of Rush Enterprises from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 10th. UBS Group restated a “neutral” rating and issued a $73.00 target price (up from $70.00) on shares of Rush Enterprises in a report on Wednesday, February 18th. Zacks Research raised Rush Enterprises from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Wall Street Zen upgraded Rush Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, Stephens reiterated an “overweight” rating and issued a $80.00 target price (up from $55.00) on shares of Rush Enterprises in a report on Thursday, February 19th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Rush Enterprises currently has a consensus rating of “Hold” and a consensus price target of $76.50.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC increased its stake in shares of Rush Enterprises by 250.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 511 shares of the company’s stock worth $27,000 after purchasing an additional 365 shares during the last quarter. CIBC Private Wealth Group LLC grew its position in shares of Rush Enterprises by 495.4% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 518 shares of the company’s stock valued at $28,000 after purchasing an additional 431 shares in the last quarter. Private Trust Co. NA raised its holdings in shares of Rush Enterprises by 211.4% in the 4th quarter. Private Trust Co. NA now owns 545 shares of the company’s stock valued at $29,000 after acquiring an additional 370 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new stake in Rush Enterprises during the third quarter valued at approximately $34,000. Finally, Allworth Financial LP lifted its holdings in shares of Rush Enterprises by 5,790.9% during the 3rd quarter. Allworth Financial LP now owns 648 shares of the company’s stock worth $35,000 after acquiring an additional 637 shares during the last quarter. Hedge funds and other institutional investors own 84.43% of the company’s stock.

About Rush Enterprises

Rush Enterprises, Inc, headquartered in New Braunfels, Texas, is a leading distributor of commercial vehicles and related products in the United States. Through its Rush Truck Centers subsidiary, the company sells new and used medium- and heavy-duty trucks, buses and specialty vehicles, while also offering factory-authorized parts, collision repair, maintenance and warranty support across its network of dealerships.

Founded in 1965, Rush Enterprises has grown to encompass more than 150 locations in over 20 states, partnering with major manufacturers including Kenworth, Peterbilt, Freightliner, Volvo and Mack.