Rush Enterprises (NASDAQ:RUSHA) Shares Down 4.7%

Rush Enterprises, Inc. (NASDAQ:RUSHA) fell 4.7% during trading on Wednesday . The company traded as low as $46.55 and last traded at $46.93. 57,267 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 372,100 shares. The stock had previously closed at $49.23.

Analysts Set New Price Targets

A number of research firms have recently commented on RUSHA. Stephens reissued an “overweight” rating and issued a $60.00 target price on shares of Rush Enterprises in a research note on Wednesday. StockNews.com downgraded Rush Enterprises from a “buy” rating to a “hold” rating in a report on Monday, January 1st.

Rush Enterprises Stock Performance

The stock has a market capitalization of $3.54 billion, a P/E ratio of 11.48, a P/E/G ratio of 1.08 and a beta of 1.02. The company has a quick ratio of 0.27, a current ratio of 1.43 and a debt-to-equity ratio of 0.32. The business has a fifty day moving average price of $49.35 and a 200-day moving average price of $44.83.

Rush Enterprises (NASDAQ:RUSHA) last posted its earnings results on Tuesday, April 23rd. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.08. Rush Enterprises had a return on equity of 17.16% and a net margin of 4.16%. The company had revenue of $1.87 billion for the quarter. During the same period in the prior year, the company posted $1.07 EPS. On average, sell-side analysts expect that Rush Enterprises, Inc. will post 2.88 EPS for the current year.

Rush Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 9th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Wednesday, May 8th. Rush Enterprises’s dividend payout ratio is 17.19%.

Insider Buying and Selling at Rush Enterprises

In other news, SVP Jody Pollard sold 11,250 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $48.28, for a total value of $543,150.00. Following the transaction, the senior vice president now owns 2,777 shares of the company’s stock, valued at $134,073.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 17.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Rush Enterprises by 49.0% during the 3rd quarter. Vanguard Group Inc. now owns 6,915,478 shares of the company’s stock valued at $282,359,000 after buying an additional 2,274,689 shares in the last quarter. Wellington Management Group LLP grew its holdings in Rush Enterprises by 49.2% during the 3rd quarter. Wellington Management Group LLP now owns 6,193,077 shares of the company’s stock valued at $252,863,000 after buying an additional 2,041,125 shares in the last quarter. FMR LLC grew its holdings in Rush Enterprises by 51.7% during the 3rd quarter. FMR LLC now owns 3,581,306 shares of the company’s stock valued at $146,225,000 after buying an additional 1,220,003 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Rush Enterprises by 41.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,531,048 shares of the company’s stock valued at $103,343,000 after buying an additional 744,310 shares in the last quarter. Finally, Norges Bank purchased a new position in Rush Enterprises during the 4th quarter valued at approximately $20,954,000. Institutional investors own 84.43% of the company’s stock.

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.