Rush Enterprises, Inc. (NASDAQ:RUSHA) CFO Sells $855,562.50 in Stock

Rush Enterprises, Inc. (NASDAQ:RUSHA) CFO Steven L. Keller sold 14,625 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $58.50, for a total transaction of $855,562.50. Following the completion of the transaction, the chief financial officer now directly owns 83,365 shares of the company’s stock, valued at $4,876,852.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Rush Enterprises Stock Down 2.6 %

Shares of RUSHA opened at $62.93 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. Rush Enterprises, Inc. has a 12 month low of $36.83 and a 12 month high of $65.15. The firm’s 50 day moving average is $52.62 and its 200-day moving average is $48.58. The stock has a market capitalization of $4.96 billion, a PE ratio of 16.69, a P/E/G ratio of 2.19 and a beta of 0.99.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.02. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.84 billion. Rush Enterprises had a return on equity of 15.43% and a net margin of 3.93%. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.96 earnings per share. Equities research analysts forecast that Rush Enterprises, Inc. will post 3.45 EPS for the current year.

Rush Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, November 12th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Tuesday, November 12th. Rush Enterprises’s dividend payout ratio (DPR) is presently 19.10%.

Analyst Upgrades and Downgrades

Separately, Stephens raised their price target on Rush Enterprises from $66.00 to $69.00 and gave the company an “overweight” rating in a report on Friday, November 1st.

Institutional Investors Weigh In On Rush Enterprises

A number of large investors have recently bought and sold shares of RUSHA. William Blair Investment Management LLC raised its holdings in shares of Rush Enterprises by 239.1% during the 1st quarter. William Blair Investment Management LLC now owns 794,375 shares of the company’s stock worth $42,515,000 after buying an additional 560,138 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Rush Enterprises by 13.2% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,186,393 shares of the company’s stock worth $62,677,000 after acquiring an additional 138,488 shares in the last quarter. Edgestream Partners L.P. lifted its holdings in shares of Rush Enterprises by 678.7% in the second quarter. Edgestream Partners L.P. now owns 130,602 shares of the company’s stock worth $5,468,000 after acquiring an additional 113,831 shares during the last quarter. Cooke & Bieler LP boosted its stake in shares of Rush Enterprises by 10.1% in the 2nd quarter. Cooke & Bieler LP now owns 1,092,709 shares of the company’s stock valued at $45,752,000 after purchasing an additional 100,318 shares in the last quarter. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Rush Enterprises during the 2nd quarter valued at approximately $41,000. 84.43% of the stock is currently owned by institutional investors and hedge funds.

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.