Rush Enterprises, Inc. (NASDAQ:RUSHA) SVP Jason Wilder Sells 11,250 Shares

Rush Enterprises, Inc. (NASDAQ:RUSHA) SVP Jason Wilder sold 11,250 shares of Rush Enterprises stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $46.23, for a total value of $520,087.50. Following the sale, the senior vice president now directly owns 534 shares in the company, valued at $24,686.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Rush Enterprises Price Performance

Shares of NASDAQ:RUSHA traded down $2.40 during trading on Tuesday, reaching $43.92. The stock had a trading volume of 487,912 shares, compared to its average volume of 378,022. Rush Enterprises, Inc. has a 52 week low of $33.37 and a 52 week high of $53.78. The business’s 50-day moving average price is $49.34 and its 200 day moving average price is $44.96. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.43 and a quick ratio of 0.28. The stock has a market capitalization of $3.42 billion, a PE ratio of 11.10, a P/E/G ratio of 1.07 and a beta of 1.02.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.08. Rush Enterprises had a net margin of 4.16% and a return on equity of 17.16%. The firm had revenue of $1.87 billion during the quarter. During the same quarter last year, the firm earned $1.07 EPS. As a group, equities analysts predict that Rush Enterprises, Inc. will post 2.92 earnings per share for the current year.

Rush Enterprises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 9th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Wednesday, May 8th. Rush Enterprises’s dividend payout ratio (DPR) is presently 17.19%.

Institutional Trading of Rush Enterprises

Several institutional investors and hedge funds have recently made changes to their positions in RUSHA. GAMMA Investing LLC raised its position in shares of Rush Enterprises by 352.2% during the 1st quarter. GAMMA Investing LLC now owns 520 shares of the company’s stock valued at $28,000 after acquiring an additional 405 shares during the last quarter. Hexagon Capital Partners LLC grew its holdings in shares of Rush Enterprises by 70.3% in the 1st quarter. Hexagon Capital Partners LLC now owns 695 shares of the company’s stock valued at $37,000 after buying an additional 287 shares during the period. Neo Ivy Capital Management acquired a new position in shares of Rush Enterprises in the 4th quarter valued at $43,000. Gladius Capital Management LP grew its holdings in shares of Rush Enterprises by 891.2% in the 3rd quarter. Gladius Capital Management LP now owns 1,120 shares of the company’s stock valued at $46,000 after buying an additional 1,007 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Rush Enterprises in the 1st quarter valued at $54,000. Institutional investors own 84.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Stephens reaffirmed an “overweight” rating and set a $60.00 price objective on shares of Rush Enterprises in a report on Wednesday, April 24th. StockNews.com cut shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Monday, January 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.