Michael Mcroberts Sells 4,000 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) Stock

Rush Enterprises, Inc. (NASDAQ:RUSHA) Director Michael Mcroberts sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $58.52, for a total value of $234,080.00. Following the sale, the director now directly owns 15,771 shares of the company’s stock, valued at $922,918.92. This represents a 20.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Rush Enterprises Stock Down 4.4 %

Shares of NASDAQ:RUSHA opened at $55.72 on Friday. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 1.04 and a beta of 1.02. The company has a quick ratio of 0.28, a current ratio of 1.45 and a debt-to-equity ratio of 0.23. Rush Enterprises, Inc. has a 12-month low of $40.99 and a 12-month high of $65.43. The business’s 50 day moving average is $58.16 and its 200 day moving average is $56.05.

Rush Enterprises (NASDAQ:RUSHA) last announced its earnings results on Tuesday, February 18th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.09. The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. On average, sell-side analysts forecast that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Monday, March 3rd will be issued a dividend of $0.18 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.72 dividend on an annualized basis and a yield of 1.29%. Rush Enterprises’s dividend payout ratio (DPR) is currently 19.30%.

Wall Street Analyst Weigh In

Separately, Stephens reissued an “overweight” rating and issued a $69.00 price objective on shares of Rush Enterprises in a research note on Wednesday.

Institutional Trading of Rush Enterprises

A number of hedge funds have recently bought and sold shares of the business. Creative Planning purchased a new position in Rush Enterprises during the third quarter valued at approximately $316,000. Blue Trust Inc. lifted its holdings in shares of Rush Enterprises by 266.1% in the 3rd quarter. Blue Trust Inc. now owns 703 shares of the company’s stock worth $37,000 after acquiring an additional 511 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Rush Enterprises by 5,183.0% in the 3rd quarter. International Assets Investment Management LLC now owns 18,913 shares of the company’s stock worth $999,000 after acquiring an additional 18,555 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Rush Enterprises by 324.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 41,400 shares of the company’s stock worth $2,187,000 after acquiring an additional 31,657 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Rush Enterprises by 73.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,479 shares of the company’s stock worth $78,000 after acquiring an additional 628 shares during the last quarter. 84.43% of the stock is currently owned by institutional investors.

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.