Rush Enterprises (NASDAQ:RUSHA) CFO Steven Keller Sells 1,822 Shares

Rush Enterprises, Inc. (NASDAQ:RUSHA) CFO Steven Keller sold 1,822 shares of the company’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $81.12, for a total transaction of $147,800.64. Following the transaction, the chief financial officer owned 84,374 shares in the company, valued at approximately $6,844,418.88. The trade was a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Rush Enterprises Price Performance

RUSHA opened at $80.96 on Tuesday. The company has a fifty day moving average price of $72.82 and a two-hundred day moving average price of $70.12. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.38 and a current ratio of 1.45. The firm has a market capitalization of $6.29 billion, a PE ratio of 24.39, a P/E/G ratio of 1.77 and a beta of 0.89. Rush Enterprises, Inc. has a 52 week low of $45.67 and a 52 week high of $83.50.

Rush Enterprises’s stock is scheduled to split on Tuesday, August 11th. The 3-2 split was recently announced. The newly issued shares will be payable to shareholders after the closing bell on Monday, August 10th.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. Rush Enterprises had a return on equity of 11.65% and a net margin of 3.67%. As a group, analysts anticipate that Rush Enterprises, Inc. will post 3.75 earnings per share for the current year.

Rush Enterprises Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Wednesday, September 9th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 9th. Rush Enterprises’s dividend payout ratio (DPR) is currently 16.87%.

Institutional Investors Weigh In On Rush Enterprises

Large investors have recently made changes to their positions in the stock. Jennison Associates LLC grew its stake in shares of Rush Enterprises by 166.4% in the first quarter. Jennison Associates LLC now owns 1,121,450 shares of the company’s stock valued at $74,139,000 after buying an additional 700,511 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Rush Enterprises by 174.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 955,989 shares of the company’s stock worth $51,566,000 after buying an additional 607,047 shares during the last quarter. Pacer Advisors Inc. bought a new stake in Rush Enterprises during the fourth quarter worth $25,811,000. Millennium Management LLC lifted its stake in Rush Enterprises by 280.4% in the third quarter. Millennium Management LLC now owns 540,942 shares of the company’s stock valued at $28,924,000 after acquiring an additional 398,721 shares during the last quarter. Finally, Cooke & Bieler LP lifted its stake in Rush Enterprises by 85.0% in the fourth quarter. Cooke & Bieler LP now owns 729,250 shares of the company’s stock valued at $39,336,000 after acquiring an additional 335,019 shares during the last quarter. Institutional investors and hedge funds own 84.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on RUSHA shares. Zacks Research upgraded shares of Rush Enterprises from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Weiss Ratings upgraded shares of Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 23rd. Wolfe Research initiated coverage on shares of Rush Enterprises in a research report on Monday, April 27th. They set an “outperform” rating and a $88.00 price objective for the company. UBS Group raised their price objective on shares of Rush Enterprises from $73.00 to $78.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Finally, Wall Street Zen cut shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Sunday, June 14th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.00.

Key Stories Impacting Rush Enterprises

Here are the key news stories impacting Rush Enterprises this week:

• Positive Sentiment: Rush Enterprises’ price target was raised to $95, implying additional upside from recent trading levels and providing a positive catalyst for RUSHA. Rush Enterprises Price Target Raised to $95.00
• Neutral Sentiment: Multiple insider transactions were disclosed in SEC filings for sales executed between July 30 and August 3. The filings show executives retained meaningful ownership stakes after the transactions, so the sales may reflect portfolio diversification or scheduled selling rather than a definitive change in the company’s outlook. Rush Enterprises Insider Transaction Filing
• Negative Sentiment: Rush Enterprises’ CEO William M. Rusty Rush sold 78,750 shares for approximately $6.38 million, reducing his holdings by about 33% across the reported transactions. CFO Steven L. Keller sold 22,500 shares worth roughly $1.82 million, while SVP Michael L. Goldstone sold 4,500 shares valued at approximately $365,000. The combined insider sales totaled about $8.56 million and could create near-term concerns about insider conviction. Rush Enterprises CEO Insider Sale Filing

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.