Rush Enterprises (NASDAQ:RUSHA) SVP Sells $257,625.00 in Stock

Rush Enterprises, Inc. (NASDAQ:RUSHA) SVP Michael Goldstone sold 4,500 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $57.25, for a total transaction of $257,625.00. Following the completion of the transaction, the senior vice president directly owned 12,510 shares in the company, valued at $716,197.50. This trade represents a 26.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Rush Enterprises Price Performance

RUSHA stock opened at $58.67 on Thursday. Rush Enterprises, Inc. has a one year low of $46.30 and a one year high of $65.43. The company’s fifty day moving average price is $54.25 and its 200-day moving average price is $53.36. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.32 and a current ratio of 1.39. The company has a market capitalization of $4.57 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 1.64 and a beta of 0.85.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.10. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. Rush Enterprises had a net margin of 3.73% and a return on equity of 13.29%. On average, equities analysts anticipate that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Tuesday, August 12th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, August 12th. This is a positive change from Rush Enterprises’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a yield of 1.3%. Rush Enterprises’s payout ratio is currently 21.65%.

Institutional Investors Weigh In On Rush Enterprises

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Squarepoint Ops LLC raised its stake in shares of Rush Enterprises by 45.7% in the second quarter. Squarepoint Ops LLC now owns 78,985 shares of the company’s stock valued at $4,069,000 after acquiring an additional 24,768 shares during the period. State of Wyoming raised its stake in shares of Rush Enterprises by 117.2% in the second quarter. State of Wyoming now owns 9,799 shares of the company’s stock valued at $505,000 after acquiring an additional 5,288 shares during the period. Public Sector Pension Investment Board raised its stake in shares of Rush Enterprises by 5.6% in the second quarter. Public Sector Pension Investment Board now owns 208,647 shares of the company’s stock valued at $10,747,000 after acquiring an additional 10,990 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in shares of Rush Enterprises by 0.3% in the second quarter. CANADA LIFE ASSURANCE Co now owns 87,139 shares of the company’s stock valued at $4,489,000 after acquiring an additional 269 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of Rush Enterprises by 508.7% in the second quarter. Tower Research Capital LLC TRC now owns 10,725 shares of the company’s stock valued at $552,000 after acquiring an additional 8,963 shares during the period. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Analysts Set New Price Targets

RUSHA has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Sunday, July 13th. Stephens reaffirmed an “overweight” rating on shares of Rush Enterprises in a research note on Monday, August 4th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $61.00.

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.