Rush Enterprises (NASDAQ:RUSHA) Director Michael Mcroberts Sells 8,000 Shares

Rush Enterprises, Inc. (NASDAQ:RUSHA) Director Michael Mcroberts sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $72.23, for a total value of $577,840.00. Following the completion of the transaction, the director owned 16,229 shares in the company, valued at $1,172,220.67. This represents a 33.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Michael Mcroberts also recently made the following trade(s):

• On Thursday, February 19th, Michael Mcroberts sold 8,000 shares of Rush Enterprises stock. The shares were sold at an average price of $70.81, for a total value of $566,480.00.

Rush Enterprises Stock Down 1.4%

RUSHA stock opened at $72.99 on Friday. Rush Enterprises, Inc. has a twelve month low of $45.67 and a twelve month high of $76.99. The company has a quick ratio of 0.37, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The stock’s 50 day moving average is $69.00 and its 200-day moving average is $61.09. The firm has a market capitalization of $5.62 billion, a PE ratio of 22.05, a P/E/G ratio of 1.57 and a beta of 0.93.

Rush Enterprises (NASDAQ:RUSHA) last posted its earnings results on Tuesday, April 28th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05. Rush Enterprises had a return on equity of 11.87% and a net margin of 3.65%.The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.73 billion. Sell-side analysts expect that Rush Enterprises, Inc. will post 3.79 EPS for the current fiscal year.

Rush Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Tuesday, May 12th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Tuesday, May 12th. Rush Enterprises’s dividend payout ratio (DPR) is 22.96%.

Institutional Trading of Rush Enterprises

A number of large investors have recently bought and sold shares of RUSHA. Royal Bank of Canada increased its position in Rush Enterprises by 33.6% in the first quarter. Royal Bank of Canada now owns 10,786 shares of the company’s stock worth $575,000 after buying an additional 2,715 shares during the last quarter. AQR Capital Management LLC increased its position in Rush Enterprises by 8.0% in the first quarter. AQR Capital Management LLC now owns 24,509 shares of the company’s stock worth $1,309,000 after buying an additional 1,806 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Rush Enterprises by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,225 shares of the company’s stock worth $1,935,000 after buying an additional 1,592 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Rush Enterprises by 18.4% in the first quarter. Goldman Sachs Group Inc. now owns 390,387 shares of the company’s stock worth $20,851,000 after buying an additional 60,615 shares during the last quarter. Finally, Caxton Associates LLP purchased a new stake in Rush Enterprises in the first quarter worth $221,000. 84.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RUSHA has been the topic of a number of recent analyst reports. Wolfe Research initiated coverage on Rush Enterprises in a report on Monday. They set an “outperform” rating and a $88.00 price target on the stock. Zacks Research lowered Rush Enterprises from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 21st. Wall Street Zen lowered Rush Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Weiss Ratings upgraded Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, March 25th. Finally, UBS Group lifted their price target on Rush Enterprises from $73.00 to $78.00 and gave the stock a “neutral” rating in a report on Wednesday. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $83.67.

Rush Enterprises Company Profile

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.