Rush Enterprises (NASDAQ:RUSHA) SVP Sells $323,370.00 in Stock

Rush Enterprises, Inc. (NASDAQ:RUSHA) SVP Michael Goldstone sold 4,500 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $71.86, for a total transaction of $323,370.00. Following the sale, the senior vice president directly owned 12,590 shares in the company, valued at $904,717.40. This represents a 26.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Rush Enterprises Stock Performance

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

Rush Enterprises (NASDAQ:RUSHA) last released 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. Rush Enterprises had a net margin of 3.55% and a return on equity of 11.96%. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.72 billion. On average, sell-side analysts predict that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Tuesday, March 3rd will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, March 3rd. Rush Enterprises’s dividend payout ratio is presently 23.24%.

Institutional Investors Weigh In On Rush Enterprises

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

Analyst Upgrades and Downgrades

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

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.