Jason Wilder Sells 748 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) Stock

Rush Enterprises, Inc. (NASDAQ:RUSHA) COO Jason Wilder sold 748 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $56.08, for a total value of $41,947.84. Following the sale, the chief operating officer now owns 84,672 shares in the company, valued at approximately $4,748,405.76. This represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Friday, May 16th, Jason Wilder sold 483 shares of Rush Enterprises stock. The shares were sold at an average price of $56.39, for a total value of $27,236.37.

Rush Enterprises Stock Performance

Shares of RUSHA opened at $51.59 on Wednesday. The business’s fifty day simple moving average is $51.94 and its two-hundred day simple moving average is $56.43. The company has a current ratio of 1.45, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. Rush Enterprises, Inc. has a 12 month low of $40.99 and a 12 month high of $65.43. The company has a market cap of $4.01 billion, a price-to-earnings ratio of 13.83, a P/E/G ratio of 1.04 and a beta of 0.94.

Rush Enterprises (NASDAQ:RUSHA) last issued its earnings results on Wednesday, April 30th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.86 billion. Research analysts anticipate that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Dividend Announcement

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 paid a $0.18 dividend. The ex-dividend date is Monday, May 12th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.40%. Rush Enterprises’s dividend payout ratio (DPR) is currently 20.11%.

Hedge Funds Weigh In On Rush Enterprises

A number of institutional investors and hedge funds have recently modified their holdings of the company. Commonwealth Equity Services LLC boosted its stake in shares of Rush Enterprises by 1.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 11,183 shares of the company’s stock worth $613,000 after buying an additional 186 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Rush Enterprises by 0.7% in the 4th quarter. Louisiana State Employees Retirement System now owns 30,100 shares of the company’s stock worth $1,649,000 after buying an additional 200 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in shares of Rush Enterprises by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,365 shares of the company’s stock worth $349,000 after buying an additional 202 shares during the last quarter. State of Wyoming boosted its stake in shares of Rush Enterprises by 5.0% in the 1st quarter. State of Wyoming now owns 4,511 shares of the company’s stock worth $241,000 after buying an additional 213 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of Rush Enterprises by 82.2% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 481 shares of the company’s stock worth $26,000 after buying an additional 217 shares during the last quarter. 84.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

About Rush Enterprises

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.