Jody Pollard Sells 11,250 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) Stock

Rush Enterprises, Inc. (NASDAQ:RUSHA) SVP Jody Pollard sold 11,250 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $56.43, for a total transaction of $634,837.50. Following the transaction, the senior vice president now directly owns 3,117 shares in the company, valued at $175,892.31. The trade was a 78.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Rush Enterprises Trading Up 1.6 %

Shares of RUSHA stock opened at $57.82 on Thursday. Rush Enterprises, Inc. has a 12 month low of $40.99 and a 12 month high of $65.43. The company has a market cap of $4.57 billion, a PE ratio of 15.50, a price-to-earnings-growth 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. The business’s 50 day moving average is $58.06 and its two-hundred day moving average is $56.17.

Rush Enterprises (NASDAQ:RUSHA) last posted its earnings results on Tuesday, February 18th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.09. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.86 billion. Rush Enterprises had a net margin of 3.90% and a return on equity of 14.76%. Equities analysts predict that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.25%. Rush Enterprises’s payout ratio is presently 19.30%.

Hedge Funds Weigh In On Rush Enterprises

Several large investors have recently made changes to their positions in RUSHA. Blue Trust Inc. raised its stake in Rush Enterprises by 266.1% during the 3rd quarter. Blue Trust Inc. now owns 703 shares of the company’s stock valued at $37,000 after purchasing an additional 511 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Rush Enterprises by 475.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 851 shares of the company’s stock worth $46,000 after purchasing an additional 703 shares during the period. GAMMA Investing LLC raised its position in shares of Rush Enterprises by 24.4% during the fourth quarter. GAMMA Investing LLC now owns 979 shares of the company’s stock valued at $54,000 after buying an additional 192 shares during the last quarter. Costello Asset Management INC bought a new stake in shares of Rush Enterprises in the third quarter valued at about $58,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Rush Enterprises by 121.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the company’s stock valued at $62,000 after buying an additional 616 shares during the period. Institutional investors and hedge funds own 84.43% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Stephens reissued an “overweight” rating and set a $69.00 price objective on shares of Rush Enterprises in a report on Wednesday, February 19th.

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.