Rush Enterprises, Inc. (NASDAQ:RUSHA - Get Free Report) SVP Jason Wilder sold 11,250 shares of the business's stock in a transaction on Friday, April 26th. The stock was sold at an average price of $46.23, for a total transaction of $520,087.50. Following the completion of the transaction, the senior vice president now owns 534 shares of the company's stock, valued at approximately $24,686.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Rush Enterprises Stock Performance
Shares of RUSHA stock opened at $43.92 on Wednesday. The company has a current ratio of 1.43, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. The firm has a fifty day moving average price of $49.34 and a 200 day moving average price of $44.96. The company has a market cap of $3.42 billion, a P/E ratio of 11.10, a PEG ratio of 1.07 and a beta of 1.02. Rush Enterprises, Inc. has a 12 month low of $33.37 and a 12 month high of $53.78.
Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The company reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.08. The firm had revenue of $1.87 billion during the quarter. Rush Enterprises had a net margin of 4.16% and a return on equity of 17.16%. During the same quarter in the previous year, the firm posted $1.07 EPS. Sell-side analysts predict that Rush Enterprises, Inc. will post 2.92 earnings per share for the current fiscal year.
Rush Enterprises Dividend Announcement
Exposed: 10 CENT Crypto to Explode May 20th?
From True Market Insiders | Ad
Chris Rowe – the man who recommended Amazon in 1998… Bitcoin and Ethereum in 2017…
And has spotted 44 different coins that have returned over 100%...
Today, he is now making the biggest crypto call of his ENTIRE career…
Click For My #1 FREE Crypto for 2024
The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 9th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.55%. Rush Enterprises's payout ratio is currently 17.19%.
Institutional Investors Weigh In On Rush Enterprises
A number of institutional investors and hedge funds have recently bought and sold shares of RUSHA. Vanguard Group Inc. lifted its position in Rush Enterprises by 49.0% in the third quarter. Vanguard Group Inc. now owns 6,915,478 shares of the company's stock valued at $282,359,000 after acquiring an additional 2,274,689 shares during the last quarter. Wellington Management Group LLP lifted its position in Rush Enterprises by 49.2% in the third quarter. Wellington Management Group LLP now owns 6,193,077 shares of the company's stock valued at $252,863,000 after acquiring an additional 2,041,125 shares during the last quarter. FMR LLC lifted its position in Rush Enterprises by 51.7% in the third quarter. FMR LLC now owns 3,581,306 shares of the company's stock valued at $146,225,000 after acquiring an additional 1,220,003 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Rush Enterprises by 41.7% in the third quarter. JPMorgan Chase & Co. now owns 2,531,048 shares of the company's stock valued at $103,343,000 after acquiring an additional 744,310 shares during the last quarter. Finally, Norges Bank purchased a new stake in Rush Enterprises in the fourth quarter valued at $20,954,000. 84.43% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Stephens reiterated an "overweight" rating and set a $60.00 target price on shares of Rush Enterprises in a research note on Wednesday, April 24th.
Check Out Our Latest Report on RUSHA
Rush Enterprises Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
