Insider Selling: Rush Enterprises (NASDAQ:RUSHA) Director Sells 8,000 Shares of Stock

Key Points

• Rush director Michael Mcroberts sold 8,000 shares on April 30 at an average price of $72.23 (≈$577,840), leaving him with 16,229 shares — a 33.02% reduction; he also sold 8,000 shares on Feb. 19 at $70.81, indicating repeated insider selling.
• RUSHA trades near $73 after reporting Q1 EPS of $0.77 (beat $0.72) but revenue of $1.68B (missed $1.73B); the company has a market cap of ≈$5.62B, P/E ≈22, and a quarterly dividend of $0.19 (1.0% yield, ex-dividend May 12).

Rush Enterprises, Inc. (NASDAQ:RUSHA - Get Free Report) Director Michael Mcroberts sold 8,000 shares of the firm's stock in a transaction 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 of the company's stock, valued at approximately $1,172,220.67. This represents a 33.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 Price Performance

Shares of RUSHA stock traded down $1.04 during mid-day trading on Friday, reaching $72.99. The stock had a trading volume of 554,093 shares, compared to its average volume of 374,116. Rush Enterprises, Inc. has a 12-month low of $45.67 and a 12-month high of $76.99. The company has a market cap of $5.62 billion, a P/E ratio of 22.05, a price-to-earnings-growth ratio of 1.57 and a beta of 0.93. The business has a 50-day simple moving average of $69.00 and a 200 day simple moving average of $61.09. The company has a current ratio of 1.46, a quick ratio of 0.37 and a debt-to-equity ratio of 0.16.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last announced its quarterly 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 business had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.73 billion. On average, sell-side analysts anticipate that Rush Enterprises, Inc. will post 3.79 earnings per share for the current year.

Rush Enterprises Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on RUSHA shares. Zacks Research cut Rush Enterprises from a "hold" rating to a "strong sell" rating in a research report on Tuesday, April 21st. Stephens reiterated an "overweight" rating and set a $85.00 price objective (up from $80.00) on shares of Rush Enterprises in a research report on Thursday. UBS Group lifted their price objective on Rush Enterprises from $73.00 to $78.00 and gave the stock a "neutral" rating in a research report on Wednesday. Wall Street Zen cut Rush Enterprises from a "buy" rating to a "hold" rating in a research report on Saturday, March 28th. Finally, Wolfe Research started coverage on Rush Enterprises in a research report on Monday. They set an "outperform" rating and a $88.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $83.67.

Institutional Trading of Rush Enterprises

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its position in Rush Enterprises by 250.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 511 shares of the company's stock worth $27,000 after purchasing an additional 365 shares in the last quarter. Root Financial Partners LLC grew its holdings in Rush Enterprises by 75.4% in the 1st quarter. Root Financial Partners LLC now owns 407 shares of the company's stock valued at $27,000 after buying an additional 175 shares during the period. CIBC Private Wealth Group LLC grew its holdings in Rush Enterprises by 495.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 518 shares of the company's stock valued at $28,000 after buying an additional 431 shares during the period. Private Trust Co. NA grew its holdings in Rush Enterprises by 211.4% in the 4th quarter. Private Trust Co. NA now owns 545 shares of the company's stock valued at $29,000 after buying an additional 370 shares during the period. Finally, Measured Wealth Private Client Group LLC purchased a new stake in Rush Enterprises in the 3rd quarter valued at about $34,000. Hedge funds and other institutional investors own 84.43% of the company's stock.

About Rush Enterprises

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.