Insider Selling: Rush Enterprises, Inc. (NASDAQ:RUSHA) SVP Sells $520,087.50 in Stock

Rush Enterprises, Inc. (NASDAQ:RUSHA) SVP Jason Wilder sold 11,250 shares of Rush Enterprises stock in a transaction 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 transaction, the senior vice president now directly owns 534 shares of the company’s stock, valued at $24,686.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Rush Enterprises Stock Up 1.3 %

Shares of NASDAQ RUSHA opened at $43.35 on Friday. The stock has a market cap of $3.38 billion, a PE ratio of 10.95, a PEG ratio of 1.00 and a beta of 1.07. The business has a fifty day moving average of $49.27 and a two-hundred day moving average of $44.98. Rush Enterprises, Inc. has a 52-week low of $33.37 and a 52-week high of $53.78. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 1.43.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $0.88 earnings per share (EPS) 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 during the quarter. During the same period in the previous year, the business posted $1.07 earnings per share. As a group, equities research analysts expect that Rush Enterprises, Inc. will post 2.92 earnings per share for the current fiscal year.

Rush Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 9th will be issued a $0.17 dividend. The ex-dividend date is Wednesday, May 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.57%. Rush Enterprises’s dividend payout ratio is 17.17%.

Analyst Upgrades and Downgrades

Separately, Stephens reissued an “overweight” rating and set a $60.00 price objective on shares of Rush Enterprises in a report on Wednesday, April 24th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Capstone Investment Advisors LLC bought a new position in shares of Rush Enterprises in the first quarter valued at about $271,000. Janney Montgomery Scott LLC bought a new position in shares of Rush Enterprises in the first quarter valued at about $625,000. BNP Paribas Financial Markets raised its holdings in shares of Rush Enterprises by 89.6% in the first quarter. BNP Paribas Financial Markets now owns 33,557 shares of the company’s stock valued at $1,796,000 after buying an additional 15,856 shares during the last quarter. Wambolt & Associates LLC raised its holdings in shares of Rush Enterprises by 24.8% in the first quarter. Wambolt & Associates LLC now owns 22,855 shares of the company’s stock valued at $1,211,000 after buying an additional 4,548 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Rush Enterprises by 1.8% in the first quarter. Principal Financial Group Inc. now owns 342,856 shares of the company’s stock valued at $18,350,000 after buying an additional 5,980 shares during the last quarter. 84.43% of the stock is owned by institutional investors.

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.