Insider Selling: Rush Enterprises, Inc. (NASDAQ:RUSHA) COO Sells 483 Shares of Stock

Rush Enterprises, Inc. (NASDAQ:RUSHA) COO Jason Wilder sold 483 shares of the company’s stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $56.39, for a total value of $27,236.37. Following the completion of the transaction, the chief operating officer now directly owns 85,420 shares in the company, valued at $4,816,833.80. This trade represents a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Jason Wilder also recently made the following trade(s):

• On Monday, May 19th, Jason Wilder sold 748 shares of Rush Enterprises stock. The shares were sold at an average price of $56.08, for a total value of $41,947.84.

Rush Enterprises Price Performance

NASDAQ RUSHA opened at $51.59 on Wednesday. The business’s fifty day moving average price is $51.94 and its 200-day moving average price is $56.43. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 1.04 and a beta of 0.94. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.45 and a quick ratio of 0.28. Rush Enterprises, Inc. has a 1-year low of $40.99 and a 1-year high of $65.43.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. On average, equities analysts predict that Rush Enterprises, Inc. will post 3.91 earnings per share for the current year.

Rush Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Monday, May 12th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.72 annualized dividend and a dividend yield of 1.40%. Rush Enterprises’s payout ratio is 20.11%.

Hedge Funds Weigh In On Rush Enterprises

Hedge funds and other institutional investors have recently modified their holdings of the company. Global Alpha Capital Management Ltd. lifted its holdings in shares of Rush Enterprises by 2.0% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 789,190 shares of the company’s stock valued at $43,240,000 after buying an additional 15,200 shares during the period. Costello Asset Management INC lifted its holdings in shares of Rush Enterprises by 3,793.9% during the 4th quarter. Costello Asset Management INC now owns 42,833 shares of the company’s stock valued at $2,347,000 after buying an additional 41,733 shares during the period. Natixis Advisors LLC raised its holdings in Rush Enterprises by 4.9% in the 4th quarter. Natixis Advisors LLC now owns 247,586 shares of the company’s stock worth $13,566,000 after purchasing an additional 11,658 shares during the period. EMC Capital Management raised its holdings in Rush Enterprises by 82.6% in 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 period. Finally, Strategic Financial Concepts LLC bought a new position in Rush Enterprises in the 4th quarter worth $5,760,000. 84.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Stephens lowered their price objective on Rush Enterprises from $63.00 to $61.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd.

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.