Rush Enterprises, Inc. (NASDAQ:RUSHA - Get Free Report) CFO Steven Keller sold 1,822 shares of Rush Enterprises stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $81.12, for a total value of $147,800.64. Following the transaction, the chief financial officer owned 84,374 shares of the company's stock, valued at $6,844,418.88. The trade was a 2.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Rush Enterprises Price Performance
Shares of NASDAQ RUSHA opened at $80.96 on Tuesday. The company has a quick ratio of 0.38, a current ratio of 1.45 and a debt-to-equity ratio of 0.16. The business's 50 day moving average price is $72.82 and its two-hundred day moving average price is $70.12. The company has a market cap of $6.29 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 1.77 and a beta of 0.89. Rush Enterprises, Inc. has a twelve month low of $45.67 and a twelve month high of $83.50.
Rush Enterprises's stock is set to split before the market opens on Tuesday, August 11th. The 3-2 split was recently announced. The newly minted shares will be distributed to shareholders after the market closes on Monday, August 10th.
Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.86 by $0.05. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. Rush Enterprises had a return on equity of 11.65% and a net margin of 3.67%. On average, analysts predict that Rush Enterprises, Inc. will post 3.75 EPS for the current year.
Rush Enterprises Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Wednesday, September 9th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $0.56 annualized dividend and a yield of 0.7%. Rush Enterprises's dividend payout ratio (DPR) is currently 16.87%.
Analyst Ratings Changes
Several brokerages have recently weighed in on RUSHA. Weiss Ratings raised shares of Rush Enterprises from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, July 23rd. Wall Street Zen downgraded shares of Rush Enterprises from a "buy" rating to a "hold" rating in a report on Sunday, June 14th. Wolfe Research assumed coverage on shares of Rush Enterprises in a research note on Monday, April 27th. They issued an "outperform" rating and a $88.00 price target on the stock. Zacks Research raised shares of Rush Enterprises from a "strong sell" rating to a "hold" rating in a report on Monday, June 29th. Finally, UBS Group raised their price objective on shares of Rush Enterprises from $73.00 to $78.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $87.00.
Get Our Latest Report on RUSHA
Key Stories Impacting Rush Enterprises
Here are the key news stories impacting Rush Enterprises this week:
- Positive Sentiment: Rush Enterprises’ price target was raised to $95, implying additional upside from recent trading levels and providing a positive catalyst for RUSHA. Rush Enterprises Price Target Raised to $95.00
- Neutral Sentiment: Multiple insider transactions were disclosed in SEC filings for sales executed between July 30 and August 3. The filings show executives retained meaningful ownership stakes after the transactions, so the sales may reflect portfolio diversification or scheduled selling rather than a definitive change in the company’s outlook. Rush Enterprises Insider Transaction Filing
- Negative Sentiment: Rush Enterprises’ CEO William M. Rusty Rush sold 78,750 shares for approximately $6.38 million, reducing his holdings by about 33% across the reported transactions. CFO Steven L. Keller sold 22,500 shares worth roughly $1.82 million, while SVP Michael L. Goldstone sold 4,500 shares valued at approximately $365,000. The combined insider sales totaled about $8.56 million and could create near-term concerns about insider conviction. Rush Enterprises CEO Insider Sale Filing
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC grew its position in Rush Enterprises by 75.4% during the first quarter. Root Financial Partners LLC now owns 407 shares of the company's stock worth $27,000 after buying an additional 175 shares in the last quarter. Kestra Advisory Services LLC increased its stake in Rush Enterprises by 1.1% during the 4th quarter. Kestra Advisory Services LLC now owns 17,907 shares of the company's stock worth $966,000 after acquiring an additional 200 shares during the period. California State Teachers Retirement System raised its holdings in Rush Enterprises by 0.4% in the 2nd quarter. California State Teachers Retirement System now owns 57,375 shares of the company's stock valued at $2,955,000 after acquiring an additional 208 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in Rush Enterprises by 44.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 748 shares of the company's stock valued at $40,000 after acquiring an additional 230 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in shares of Rush Enterprises by 0.7% during the 4th quarter. State of Alaska Department of Revenue now owns 35,188 shares of the company's stock valued at $1,897,000 after acquiring an additional 251 shares during the period. Institutional investors and hedge funds own 84.43% of the company's stock.
About Rush Enterprises
(
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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