Rush Enterprises, Inc. (NASDAQ:RUSHA) CFO Steven L. Keller Sells 14,625 Shares

Rush Enterprises, Inc. (NASDAQ:RUSHA) CFO Steven L. Keller sold 14,625 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $58.50, for a total value of $855,562.50. Following the completion of the transaction, the chief financial officer now owns 83,365 shares of the company’s stock, valued at $4,876,852.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Rush Enterprises Trading Up 2.4 %

RUSHA traded up $1.42 during trading on Tuesday, hitting $59.50. The company’s stock had a trading volume of 428,967 shares, compared to its average volume of 353,671. The firm’s 50 day moving average price is $52.03 and its 200-day moving average price is $48.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.28. The stock has a market cap of $4.69 billion, a PE ratio of 15.77, a PEG ratio of 2.17 and a beta of 0.99. Rush Enterprises, Inc. has a twelve month low of $36.83 and a twelve month high of $60.55.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.02. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.84 billion. Rush Enterprises had a return on equity of 15.43% and a net margin of 3.93%. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 EPS. On average, analysts expect that Rush Enterprises, Inc. will post 3.45 earnings per share for the current year.

Rush Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.18 per share. The ex-dividend date is Tuesday, November 12th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.21%. Rush Enterprises’s payout ratio is 19.10%.

Analyst Upgrades and Downgrades

Separately, Stephens boosted their price target on Rush Enterprises from $66.00 to $69.00 and gave the company an “overweight” rating in a report on Friday.

Institutional Trading of Rush Enterprises

Institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP purchased a new stake in Rush Enterprises during the 2nd quarter worth $36,000. Blue Trust Inc. boosted its position in Rush Enterprises by 266.1% during the 3rd quarter. Blue Trust Inc. now owns 703 shares of the company’s stock worth $37,000 after purchasing an additional 511 shares during the period. Hexagon Capital Partners LLC boosted its position in Rush Enterprises by 41.3% during the 2nd quarter. Hexagon Capital Partners LLC now owns 982 shares of the company’s stock worth $41,000 after purchasing an additional 287 shares during the period. Strategic Financial Concepts LLC purchased a new stake in Rush Enterprises during the 2nd quarter worth $41,000. Finally, GAMMA Investing LLC boosted its position in Rush Enterprises by 147.5% in the 3rd quarter. GAMMA Investing LLC now owns 787 shares of the company’s stock valued at $42,000 after buying an additional 469 shares during the last quarter. 84.43% of the stock is currently owned by institutional investors and hedge funds.

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.