Insider Selling: Rush Enterprises (NASDAQ:RUSHA) Director Sells 8,000 Shares of Stock

Rush Enterprises, Inc. (NASDAQ:RUSHA) Director Michael Mcroberts sold 8,000 shares of Rush Enterprises stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $72.23, for a total value of $577,840.00. Following the completion of the sale, the director owned 16,229 shares of the company’s stock, valued at $1,172,220.67. This trade represents a 33.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Michael Mcroberts also recently made the following trade(s):

• On Thursday, February 19th, Michael Mcroberts sold 8,000 shares of Rush Enterprises stock. The shares were sold at an average price of $70.81, for a total value of $566,480.00.

Rush Enterprises Trading Down 1.4%

RUSHA traded down $1.04 during midday trading on Friday, hitting $72.99. The company’s stock had a trading volume of 554,093 shares, compared to its average volume of 374,116. The company has a current ratio of 1.46, a quick ratio of 0.37 and a debt-to-equity ratio of 0.16. The firm has a market cap of $5.62 billion, a P/E ratio of 22.05, a PEG ratio of 1.57 and a beta of 0.93. The firm has a 50-day moving average price of $69.00 and a two-hundred day moving average price of $61.09. Rush Enterprises, Inc. has a 52-week low of $45.67 and a 52-week high of $76.99.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.72 by $0.05. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Rush Enterprises had a return on equity of 11.87% and a net margin of 3.65%. On average, research analysts anticipate that Rush Enterprises, Inc. will post 3.79 earnings per share for the current year.

Rush Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 12th will be issued a $0.19 dividend. The ex-dividend date is Tuesday, May 12th. This represents a $0.76 annualized dividend and a yield of 1.0%. Rush Enterprises’s payout ratio is 22.96%.

Wall Street Analyst Weigh In

Several analysts have commented on RUSHA shares. Stephens restated an “overweight” rating and issued a $85.00 price target (up from $80.00) on shares of Rush Enterprises in a report on Thursday. Zacks Research lowered Rush Enterprises from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 21st. UBS Group lifted their price objective on Rush Enterprises from $73.00 to $78.00 and gave the company a “neutral” rating in a research note on Wednesday. Wolfe Research started coverage on Rush Enterprises in a research note on Monday. They issued an “outperform” rating and a $88.00 price objective on the stock. Finally, Weiss Ratings raised Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 25th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Rush Enterprises presently has a consensus rating of “Hold” and a consensus price target of $83.67.

Hedge Funds Weigh In On Rush Enterprises

Hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC lifted its stake in shares of Rush Enterprises by 250.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 511 shares of the company’s stock valued at $27,000 after purchasing an additional 365 shares in the last quarter. Root Financial Partners LLC lifted its stake in shares of Rush Enterprises by 75.4% in the 1st quarter. Root Financial Partners LLC now owns 407 shares of the company’s stock valued at $27,000 after purchasing an additional 175 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of Rush Enterprises by 495.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 518 shares of the company’s stock valued at $28,000 after purchasing an additional 431 shares in the last quarter. Private Trust Co. NA lifted its position in Rush Enterprises by 211.4% during the 4th quarter. Private Trust Co. NA now owns 545 shares of the company’s stock worth $29,000 after acquiring an additional 370 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new position in Rush Enterprises during the 3rd quarter worth approximately $34,000. 84.43% of the stock is owned by institutional investors and hedge funds.

About Rush Enterprises

Rush Enterprises, Inc, headquartered in New Braunfels, Texas, is a leading distributor of commercial vehicles and related products in the United States. Through its Rush Truck Centers subsidiary, the company sells new and used medium- and heavy-duty trucks, buses and specialty vehicles, while also offering factory-authorized parts, collision repair, maintenance and warranty support across its network of dealerships.

Founded in 1965, Rush Enterprises has grown to encompass more than 150 locations in over 20 states, partnering with major manufacturers including Kenworth, Peterbilt, Freightliner, Volvo and Mack.