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

Rush Enterprises, Inc. (NASDAQ:RUSHA) SVP Jody Pollard sold 11,250 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $56.43, for a total value of $634,837.50. Following the sale, the senior vice president now directly owns 3,117 shares of the company’s stock, valued at $175,892.31. This represents a 78.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Rush Enterprises Stock Performance

Shares of NASDAQ RUSHA opened at $57.82 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.45. The stock has a 50 day moving average price of $58.06 and a 200 day moving average price of $56.17. The stock has a market capitalization of $4.57 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 1.04 and a beta of 1.02. Rush Enterprises, Inc. has a 52 week low of $40.99 and a 52 week high of $65.43.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.82 by $0.09. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.86 billion. Analysts predict that Rush Enterprises, Inc. will post 3.91 earnings per share for the current fiscal year.

Rush Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 3rd will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Monday, March 3rd. Rush Enterprises’s dividend payout ratio (DPR) is presently 19.30%.

Analyst Ratings Changes

Separately, Stephens restated an “overweight” rating and set a $69.00 target price on shares of Rush Enterprises in a research report on Wednesday, February 19th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. FMR LLC boosted its stake in shares of Rush Enterprises by 34.8% during the 3rd quarter. FMR LLC now owns 5,174,262 shares of the company’s stock worth $273,356,000 after acquiring an additional 1,336,528 shares during the period. Jennison Associates LLC boosted 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 worth $27,909,000 after purchasing an additional 475,384 shares during the period. Proficio Capital Partners LLC boosted its position in Rush Enterprises by 5,379.0% during the fourth quarter. Proficio Capital Partners LLC now owns 334,822 shares of the company’s stock worth $18,345,000 after purchasing an additional 328,711 shares during the period. Norges Bank acquired a new position in shares of Rush Enterprises in the fourth quarter valued at $10,127,000. Finally, Janus Henderson Group PLC raised its position in shares of Rush Enterprises by 148.1% in the third quarter. Janus Henderson Group PLC now owns 308,204 shares of the company’s stock valued at $16,282,000 after purchasing an additional 183,965 shares during the period. 84.43% of the stock is currently owned by institutional investors and hedge funds.

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.