Rush Enterprises (NASDAQ:RUSHA) Trading Down 4.7%

Rush Enterprises, Inc. (NASDAQ:RUSHA - Get Free Report) fell 4.7% during trading on Wednesday . The stock traded as low as $46.55 and last traded at $46.93. 57,267 shares were traded during mid-day trading, a decline of 85% from the average session volume of 372,100 shares. The stock had previously closed at $49.23.

Analyst Ratings Changes

Several research firms have recently commented on RUSHA. StockNews.com cut Rush Enterprises from a "buy" rating to a "hold" rating in a research note on Monday, January 1st. Stephens reissued an "overweight" rating and issued a $60.00 target price on shares of Rush Enterprises in a research note on Wednesday.

Rush Enterprises Trading Down 5.7 %

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 market capitalization of $3.62 billion, a price-to-earnings ratio of 11.21, a PEG ratio of 1.12 and a beta of 1.02. The business has a 50 day simple moving average of $49.41 and a 200-day simple moving average of $44.82.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last posted its earnings results on Tuesday, April 23rd. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.08. Rush Enterprises had a return on equity of 18.44% and a net margin of 4.38%. The firm had revenue of $1.87 billion during the quarter. During the same period in the previous year, the firm posted $1.07 earnings per share. As a group, equities analysts expect that Rush Enterprises, Inc. will post 2.88 earnings per share for the current year.

Rush Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Tuesday, February 27th were issued a $0.17 dividend. The ex-dividend date of this dividend was Monday, February 26th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.46%. Rush Enterprises's dividend payout ratio (DPR) is 16.41%.

Insider Activity

In other news, SVP Jody Pollard sold 11,250 shares of the business's stock in a transaction dated 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 directly owns 2,777 shares in the company, valued at $134,073.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 17.10% of the company's stock.

Institutional Trading of Rush Enterprises

Several institutional investors and hedge funds have recently bought and sold shares of RUSHA. Vanguard Group Inc. raised its holdings in Rush Enterprises by 49.0% during the third quarter. Vanguard Group Inc. now owns 6,915,478 shares of the company's stock worth $282,359,000 after acquiring an additional 2,274,689 shares in the last quarter. Wellington Management Group LLP raised its holdings in Rush Enterprises by 49.2% during the third quarter. Wellington Management Group LLP now owns 6,193,077 shares of the company's stock worth $252,863,000 after acquiring an additional 2,041,125 shares in the last quarter. FMR LLC raised its holdings in Rush Enterprises by 51.7% during the third quarter. FMR LLC now owns 3,581,306 shares of the company's stock worth $146,225,000 after acquiring an additional 1,220,003 shares in the last quarter. JPMorgan Chase & Co. increased its position in Rush Enterprises by 41.7% during the third quarter. JPMorgan Chase & Co. now owns 2,531,048 shares of the company's stock worth $103,343,000 after buying an additional 744,310 shares during the last quarter. Finally, Norges Bank acquired a new position in Rush Enterprises during the fourth quarter worth approximately $20,954,000. Institutional investors own 84.43% of the company's stock.

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.