Rush Enterprises, Inc. (NASDAQ:RUSHA) CFO Steven L. Keller Sells 43,875 Shares

Rush Enterprises, Inc. (NASDAQ:RUSHA) CFO Steven L. Keller sold 43,875 shares of Rush Enterprises stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $63.68, for a total transaction of $2,793,960.00. Following the completion of the transaction, the chief financial officer now owns 83,365 shares in the company, valued at approximately $5,308,683.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Rush Enterprises Trading Down 2.6 %

RUSHA traded down $1.65 during trading on Thursday, hitting $62.93. 513,583 shares of the stock traded hands, compared to its average volume of 357,752. The firm has a 50-day moving average of $52.41 and a 200 day moving average of $48.48. Rush Enterprises, Inc. has a 12-month low of $36.83 and a 12-month high of $65.15. The firm has a market capitalization of $4.96 billion, a P/E ratio of 16.69, a price-to-earnings-growth ratio of 2.19 and a beta of 0.99. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.28.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.02. Rush Enterprises had a return on equity of 15.43% and a net margin of 3.93%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the company posted $0.96 EPS. Rush Enterprises’s quarterly revenue was down 4.3% compared to the same quarter last year. Equities research analysts anticipate that Rush Enterprises, Inc. will post 3.45 EPS for the current year.

Rush Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 12th will be given a $0.18 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $0.72 annualized dividend and a dividend yield of 1.14%. Rush Enterprises’s dividend payout ratio is 19.10%.

Institutional Trading of Rush Enterprises

Several large investors have recently bought and sold shares of RUSHA. Blue Trust Inc. boosted its position in shares of Rush Enterprises by 266.1% during the third quarter. Blue Trust Inc. now owns 703 shares of the company’s stock valued at $37,000 after purchasing an additional 511 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Rush Enterprises by 147.5% during 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 in the last quarter. Quarry LP purchased a new stake in shares of Rush Enterprises in the 2nd quarter worth about $36,000. Hexagon Capital Partners LLC increased its stake in shares of Rush Enterprises by 41.3% in the 2nd quarter. Hexagon Capital Partners LLC now owns 982 shares of the company’s stock worth $41,000 after acquiring an additional 287 shares in the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new position in Rush Enterprises during the 3rd quarter valued at about $53,000. 84.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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