Rush Enterprises (NASDAQ:RUSHA) Director Michael Mcroberts Sells 8,000 Shares

Key Points

  • Michael Mcroberts sold 8,000 shares of Rush Enterprises on April 30 at an average price of $72.23 for $577,840, leaving him with 16,229 shares (a 33.02% drop); he also sold another 8,000 shares on Feb. 19, bringing total insider sales this year to 16,000 shares.
  • Rush reported quarterly EPS of $0.77 versus $0.72 expected and revenue of $1.68 billion (slightly below consensus), and declared a quarterly dividend of $0.19 per share (1.0% yield).
  • Analyst sentiment is mixed with an average rating of “Hold” and a consensus price target of $83.67, while institutional investors own about 84.43% of the stock.

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 stock was sold at an average price of $72.23, for a total value of $577,840.00. Following the completion of the sale, the director directly owned 16,229 shares of the company's stock, valued at $1,172,220.67. This represents a 33.02% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 stock was sold at an average price of $70.81, for a total value of $566,480.00.

Rush Enterprises Stock Performance

NASDAQ:RUSHA opened at $72.99 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 0.37. The business has a fifty day simple moving average of $69.00 and a two-hundred day simple moving average of $61.09. Rush Enterprises, Inc. has a 1 year low of $45.67 and a 1 year high of $76.99. The company has a market capitalization of $5.62 billion, a P/E ratio of 22.05, a P/E/G ratio of 1.57 and a beta of 0.93.




Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last released its earnings results on Tuesday, April 28th. The company reported $0.77 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $1.73 billion. On average, analysts expect that Rush Enterprises, Inc. will post 3.79 earnings per share for the current year.

Rush Enterprises Dividend Announcement

The business 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 annualized dividend and a dividend yield of 1.0%. Rush Enterprises's payout ratio is 22.96%.

Hedge Funds Weigh In On Rush Enterprises

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its position in Rush Enterprises by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,774,824 shares of the company's stock worth $203,618,000 after buying an additional 29,375 shares in the last quarter. State Street Corp grew its position in Rush Enterprises by 0.3% during the second quarter. State Street Corp now owns 2,359,238 shares of the company's stock worth $121,524,000 after buying an additional 6,994 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its position in Rush Enterprises by 14.4% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,179,236 shares of the company's stock worth $63,054,000 after buying an additional 148,363 shares in the last quarter. American Century Companies Inc. grew its position in Rush Enterprises by 38.6% during the third quarter. American Century Companies Inc. now owns 1,173,429 shares of the company's stock worth $62,743,000 after buying an additional 326,917 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. grew its position in Rush Enterprises by 20.6% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 1,012,486 shares of the company's stock worth $54,613,000 after buying an additional 173,096 shares in the last quarter. 84.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RUSHA has been the subject of several recent research reports. UBS Group lifted their price target on Rush Enterprises from $73.00 to $78.00 and gave the company a "neutral" rating in a research report on Wednesday. Weiss Ratings upgraded Rush Enterprises from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, March 25th. Stephens reiterated an "overweight" rating and issued a $85.00 price target (up from $80.00) on shares of Rush Enterprises in a research report on Thursday. 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 initiated coverage on Rush Enterprises in a research report on Monday. They issued an "outperform" rating and a $88.00 price target for the company. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $83.67.

Check Out Our Latest Stock Analysis on RUSHA

Rush Enterprises Company Profile

(Get Free Report)

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.

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