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

Rush Enterprises, Inc. (NASDAQ:RUSHA) SVP Jody Pollard sold 11,250 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $71.92, for a total transaction of $809,100.00. Following the sale, the senior vice president directly owned 3,385 shares in the company, valued at $243,449.20. The trade was a 76.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Rush Enterprises Stock Performance

Shares of RUSHA opened at $73.27 on Tuesday. Rush Enterprises, Inc. has a 12-month low of $45.67 and a 12-month high of $75.99. The company has a market cap of $5.65 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 0.92 and a beta of 0.92. The company has a current ratio of 1.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average price of $62.86 and a 200-day moving average price of $56.84.

Rush Enterprises (NASDAQ:RUSHA) last released its earnings results on Tuesday, February 17th. The company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. Rush Enterprises had a return on equity of 11.96% and a net margin of 3.55%.The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.72 billion. As a group, equities analysts forecast that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Tuesday, March 3rd will be issued a $0.19 dividend. The ex-dividend date is Tuesday, March 3rd. This represents a $0.76 annualized dividend and a yield of 1.0%. Rush Enterprises’s dividend payout ratio is 23.24%.

Institutional Trading of Rush Enterprises

Institutional investors have recently made changes to their positions in the business. American Century Companies Inc. lifted its stake in Rush Enterprises by 540.0% in the second quarter. American Century Companies Inc. now owns 846,512 shares of the company’s stock worth $43,604,000 after purchasing an additional 714,253 shares during the last quarter. Edgestream Partners L.P. grew its stake in shares of Rush Enterprises by 664.8% during the second quarter. Edgestream Partners L.P. now owns 98,962 shares of the company’s stock valued at $5,098,000 after buying an additional 86,023 shares during the last quarter. Segall Bryant & Hamill LLC raised its holdings in shares of Rush Enterprises by 2.9% in the second quarter. Segall Bryant & Hamill LLC now owns 505,212 shares of the company’s stock worth $26,023,000 after buying an additional 14,387 shares during the period. EULAV Asset Management boosted its holdings in Rush Enterprises by 17.1% during the 3rd quarter. EULAV Asset Management now owns 276,100 shares of the company’s stock valued at $14,763,000 after acquiring an additional 40,378 shares during the period. Finally, Global Alpha Capital Management Ltd. grew its position in Rush Enterprises by 4.5% in the 2nd quarter. Global Alpha Capital Management Ltd. now owns 843,890 shares of the company’s stock valued at $43,469,000 after acquiring an additional 36,600 shares during the last quarter. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Wall Street Analysts Forecast Growth

RUSHA has been the subject of several analyst reports. Weiss Ratings downgraded Rush Enterprises from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 10th. Zacks Research raised shares of Rush Enterprises from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. Stephens reiterated an “overweight” rating and set a $80.00 price target (up previously from $55.00) on shares of Rush Enterprises in a report on Thursday. UBS Group restated a “neutral” rating and issued a $73.00 price objective (up from $70.00) on shares of Rush Enterprises in a report on Wednesday, February 18th. Finally, Wall Street Zen raised Rush Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $76.50.

Rush Enterprises Company Profile

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.