Rush Enterprises (NASDAQ:RUSHA) Reaches New 12-Month High at $53.78

Rush Enterprises, Inc. (NASDAQ:RUSHA - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $53.78 and last traded at $53.47, with a volume of 6559 shares traded. The stock had previously closed at $53.52.

Analyst Upgrades and Downgrades

Several analysts have issued reports on RUSHA shares. StockNews.com lowered Rush Enterprises from a "buy" rating to a "hold" rating in a research note on Monday, January 1st. Stephens restated an "overweight" rating and issued a $58.00 price objective on shares of Rush Enterprises in a research note on Wednesday, February 14th.

Rush Enterprises Stock Down 1.0 %

The firm has a market cap of $4.13 billion, a price-to-earnings ratio of 12.79, a P/E/G ratio of 1.25 and a beta of 1.02. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.35 and a quick ratio of 0.27. The stock has a 50-day moving average of $48.06 and a 200-day moving average of $43.70.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.11. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.88 billion. Rush Enterprises had a return on equity of 18.44% and a net margin of 4.38%. The firm's quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.16 earnings per share. Sell-side analysts predict that Rush Enterprises, Inc. will post 2.85 EPS for the current fiscal year.

Rush Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Tuesday, February 27th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Monday, February 26th. Rush Enterprises's dividend payout ratio is presently 16.41%.

Insider Buying and Selling at Rush Enterprises

In other Rush Enterprises news, SVP Jody Pollard sold 11,250 shares of the firm's stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $48.28, for a total value of $543,150.00. Following the sale, the senior vice president now owns 2,777 shares of the company's stock, valued at approximately $134,073.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 17.10% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Rush Enterprises by 6.1% in the 4th quarter. Vanguard Group Inc. now owns 7,336,456 shares of the company's stock valued at $369,024,000 after acquiring an additional 420,978 shares during the last quarter. Wellington Management Group LLP raised its position in Rush Enterprises by 2.6% during the 4th quarter. Wellington Management Group LLP now owns 6,354,756 shares of the company's stock worth $319,644,000 after purchasing an additional 161,679 shares during the last quarter. American International Group Inc. raised its position in Rush Enterprises by 7.8% during the 4th quarter. American International Group Inc. now owns 33,539 shares of the company's stock worth $1,687,000 after purchasing an additional 2,440 shares during the last quarter. Virtu Financial LLC bought a new position in Rush Enterprises during the 4th quarter worth $359,000. Finally, Teachers Retirement System of The State of Kentucky raised its position in Rush Enterprises by 53.2% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 56,332 shares of the company's stock worth $2,833,000 after purchasing an additional 19,563 shares during the last quarter. 84.43% of the stock is currently owned by institutional investors.

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.