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

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

Rush Enterprises Stock Performance

Shares of NASDAQ:RUSHA opened at $73.58 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.40 and a quick ratio of 0.37. Rush Enterprises, Inc. has a 1 year low of $45.67 and a 1 year high of $75.99. The firm has a market capitalization of $5.67 billion, a PE ratio of 22.50, a P/E/G ratio of 0.90 and a beta of 0.92. The business’s 50 day moving average price is $63.19 and its 200-day moving average price is $56.97.

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

Rush Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Tuesday, March 3rd will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, March 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 1.0%. Rush Enterprises’s payout ratio is presently 23.24%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. UBS Group reissued a “neutral” rating and issued a $73.00 target price (up from $70.00) on shares of Rush Enterprises in a research note on Wednesday, February 18th. Wall Street Zen upgraded Rush Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Stephens reissued an “overweight” rating and set a $80.00 price objective (up from $55.00) on shares of Rush Enterprises in a research note on Thursday, February 19th. Zacks Research raised Rush Enterprises from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. Finally, Weiss Ratings lowered Rush Enterprises from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $76.50.

Hedge Funds Weigh In On Rush Enterprises

Several large investors have recently modified their holdings of RUSHA. Farther Finance Advisors LLC increased its position in shares of Rush Enterprises by 250.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 511 shares of the company’s stock worth $27,000 after purchasing an additional 365 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in Rush Enterprises by 495.4% in the third quarter. CIBC Private Wealth Group LLC now owns 518 shares of the company’s stock valued at $28,000 after buying an additional 431 shares during the last quarter. Private Trust Co. NA boosted its stake in Rush Enterprises by 211.4% during the fourth quarter. Private Trust Co. NA now owns 545 shares of the company’s stock worth $29,000 after buying an additional 370 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in shares of Rush Enterprises during the third quarter valued at about $34,000. Finally, Allworth Financial LP increased its position in shares of Rush Enterprises by 5,790.9% during the third quarter. Allworth Financial LP now owns 648 shares of the company’s stock valued at $35,000 after acquiring an additional 637 shares during the last quarter. Institutional investors and hedge funds own 84.43% of the company’s stock.

About Rush Enterprises

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.