Rush Enterprises (NASDAQ:RUSHA) SVP Sells $257,625.00 in Stock

Key Points

• Michael Goldstone, SVP of Rush Enterprises, sold 4,500 shares of stock at an average price of $57.25, reducing his ownership by 26.46%.
• Rush Enterprises reported a net margin of 3.73% and a return on equity of 13.29% in its latest quarterly earnings, surpassing analyst expectations for both earnings per share and revenue.
• The company recently announced an increase in its quarterly dividend from $0.18 to $0.19 per share, effective September 12th, representing a 1.3% dividend yield.

Rush Enterprises, Inc. (NASDAQ:RUSHA - Get Free Report) SVP Michael L. Goldstone sold 4,500 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $57.25, for a total value of $257,625.00. Following the sale, the senior vice president directly owned 12,510 shares of the company's stock, valued at approximately $716,197.50. This trade represents a 26.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Rush Enterprises Trading Down 0.8%

Shares of Rush Enterprises stock traded down $0.49 during midday trading on Friday, reaching $57.40. 230,994 shares of the company's stock traded hands, compared to its average volume of 325,211. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.32 and a current ratio of 1.39. The company has a market cap of $4.47 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 1.62 and a beta of 0.85. The stock has a 50 day moving average of $54.58 and a 200-day moving average of $53.29. Rush Enterprises, Inc. has a 12 month low of $46.30 and a 12 month high of $65.43.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.10. The company had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.89 billion. Rush Enterprises had a return on equity of 13.29% and a net margin of 3.73%. As a group, equities analysts expect that Rush Enterprises, Inc. will post 3.91 EPS for the current fiscal year.

Rush Enterprises Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, August 12th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.3%. This is a positive change from Rush Enterprises's previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Tuesday, August 12th. Rush Enterprises's dividend payout ratio is presently 21.65%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on RUSHA shares. Wall Street Zen cut Rush Enterprises from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Stephens restated an "overweight" rating on shares of Rush Enterprises in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Rush Enterprises presently has a consensus rating of "Buy" and a consensus target price of $61.00.

Institutional Trading of Rush Enterprises

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RUSHA. Mariner LLC lifted its position in Rush Enterprises by 11.6% during the fourth quarter. Mariner LLC now owns 15,900 shares of the company's stock valued at $871,000 after purchasing an additional 1,656 shares in the last quarter. Marshall Wace LLP purchased a new position in Rush Enterprises during the fourth quarter valued at $398,000. MetLife Investment Management LLC lifted its position in Rush Enterprises by 4.4% during the fourth quarter. MetLife Investment Management LLC now owns 36,689 shares of the company's stock valued at $2,010,000 after purchasing an additional 1,560 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Rush Enterprises by 121.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the company's stock valued at $62,000 after purchasing an additional 616 shares in the last quarter. Finally, Tudor Investment Corp ET AL purchased a new position in Rush Enterprises during the fourth quarter valued at $550,000. 84.43% of the stock is owned by hedge funds and other institutional investors.

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.