Rush Enterprises, Inc. (NASDAQ:RUSHA) CFO Steven L. Keller Sells 43,875 Shares

Rush Enterprises, Inc. (NASDAQ:RUSHA) CFO Steven L. Keller sold 43,875 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $63.68, for a total value of $2,793,960.00. Following the completion of the transaction, the chief financial officer now directly owns 83,365 shares in the company, valued at approximately $5,308,683.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Rush Enterprises Price Performance

Shares of RUSHA opened at $62.93 on Friday. Rush Enterprises, Inc. has a 1-year low of $36.83 and a 1-year high of $65.15. The stock has a market cap of $4.96 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 2.19 and a beta of 0.99. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.28. The firm has a fifty day moving average price of $52.62 and a 200 day moving average price of $48.58.

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. Rush Enterprises had a net margin of 3.93% and a return on equity of 15.43%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the business posted $0.96 earnings per share. The business’s revenue was down 4.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Rush Enterprises, Inc. will post 3.45 EPS for the current year.

Rush Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 12th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Tuesday, November 12th. Rush Enterprises’s payout ratio is currently 19.10%.

Institutional Investors Weigh In On Rush Enterprises

A number of large investors have recently added to or reduced their stakes in RUSHA. Allspring Global Investments Holdings LLC increased its stake in Rush Enterprises by 64.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,028 shares of the company’s stock valued at $644,000 after buying an additional 4,706 shares during the period. BNP Paribas Financial Markets raised its position in shares of Rush Enterprises by 89.6% in the first quarter. BNP Paribas Financial Markets now owns 33,557 shares of the company’s stock valued at $1,796,000 after purchasing an additional 15,856 shares during the period. Janney Montgomery Scott LLC bought a new position in Rush Enterprises during the first quarter worth $625,000. Capstone Investment Advisors LLC bought a new position in Rush Enterprises during the first quarter worth $271,000. Finally, Texas Permanent School Fund Corp boosted its stake in Rush Enterprises by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 53,911 shares of the company’s stock worth $2,885,000 after buying an additional 705 shares in the last quarter. 84.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Stephens increased their target price on shares of Rush Enterprises from $66.00 to $69.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st.

Rush Enterprises Company Profile

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.