Rush Enterprises (NASDAQ:RUSHA) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Rush Enterprises, Inc. (NASDAQ:RUSHA) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $54.23 and traded as high as $60.82. Rush Enterprises shares last traded at $60.57, with a volume of 299,931 shares.

Analysts Set New Price Targets

Separately, Stephens raised their price target on shares of Rush Enterprises from $66.00 to $69.00 and gave the company an “overweight” rating in a report on Friday, November 1st.

Rush Enterprises Stock Up 0.9 %

The company has a current ratio of 1.40, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average of $58.55 and a 200 day moving average of $54.37. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 2.41 and a beta of 1.02.

Rush Enterprises (NASDAQ:RUSHA) last announced its earnings results on Tuesday, October 29th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.02. Rush Enterprises had a net margin of 3.93% and a return on equity of 15.43%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the firm earned $0.96 earnings per share. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Rush Enterprises, Inc. will post 3.66 earnings per share for the current year.

Rush Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Tuesday, November 12th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Tuesday, November 12th. Rush Enterprises’s dividend payout ratio (DPR) is 19.10%.

Insider Buying and Selling at Rush Enterprises

In related news, CEO William M. Rusty Rush sold 117,500 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $63.98, for a total value of $7,517,650.00. Following the completion of the transaction, the chief executive officer now owns 174,154 shares in the company, valued at $11,142,372.92. This represents a 40.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Steven L. Keller sold 14,625 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $58.50, for a total transaction of $855,562.50. Following the completion of the sale, the chief financial officer now directly owns 83,365 shares of the company’s stock, valued at approximately $4,876,852.50. This represents a 14.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 176,000 shares of company stock worth $11,167,173 in the last 90 days. 12.53% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Rush Enterprises

Several large investors have recently made changes to their positions in RUSHA. Jennison Associates LLC raised its position in Rush Enterprises by 1,398.4% during the fourth quarter. Jennison Associates LLC now owns 509,380 shares of the company’s stock valued at $27,909,000 after buying an additional 475,384 shares during the period. Costello Asset Management INC boosted its holdings in shares of Rush Enterprises by 3,793.9% during the fourth quarter. Costello Asset Management INC now owns 42,833 shares of the company’s stock worth $2,347,000 after purchasing an additional 41,733 shares during the period. EMC Capital Management increased its stake in shares of Rush Enterprises by 82.6% during the 4th quarter. EMC Capital Management now owns 9,603 shares of the company’s stock worth $526,000 after purchasing an additional 4,345 shares during the last quarter. Nilsine Partners LLC increased its stake in shares of Rush Enterprises by 3.3% in the fourth quarter. Nilsine Partners LLC now owns 47,624 shares of the company’s stock worth $2,609,000 after purchasing an additional 1,524 shares during the period. Finally, Oliver Luxxe Assets LLC bought a new position in shares of Rush Enterprises during the 4th quarter worth about $1,567,000. Institutional investors own 84.43% of the company’s stock.

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.