Jason Wilder Sells 11,250 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) Stock

Rush Enterprises, Inc. (NASDAQ:RUSHA) SVP Jason Wilder sold 11,250 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $46.23, for a total value of $520,087.50. Following the completion of the sale, the senior vice president now directly owns 534 shares in the company, valued at $24,686.82. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Rush Enterprises Stock Performance

NASDAQ RUSHA opened at $42.81 on Thursday. The firm has a market capitalization of $3.33 billion, a P/E ratio of 10.82, a P/E/G ratio of 1.06 and a beta of 1.02. Rush Enterprises, Inc. has a 1-year low of $33.37 and a 1-year high of $53.78. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.43 and a quick ratio of 0.28. The business’s 50-day simple moving average is $49.33 and its 200-day simple moving average is $44.99.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.08. The business had revenue of $1.87 billion for the quarter. Rush Enterprises had a return on equity of 17.16% and a net margin of 4.16%. During the same period in the prior year, the firm earned $1.07 earnings per share. Equities analysts predict that Rush Enterprises, Inc. will post 2.92 EPS for the current year.

Rush Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 9th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Wednesday, May 8th. Rush Enterprises’s dividend payout ratio is currently 17.19%.

Analyst Upgrades and Downgrades

Separately, Stephens reissued an “overweight” rating and issued a $60.00 price target on shares of Rush Enterprises in a research note on Wednesday, April 24th.

Hedge Funds Weigh In On Rush Enterprises

Several hedge funds and other institutional investors have recently modified their holdings of RUSHA. Vanguard Group Inc. raised its holdings in shares of Rush Enterprises by 6.1% during the 4th quarter. Vanguard Group Inc. now owns 7,336,456 shares of the company’s stock valued at $369,024,000 after buying an additional 420,978 shares during the period. Wellington Management Group LLP raised its holdings in shares of Rush Enterprises by 2.6% during the 4th quarter. Wellington Management Group LLP now owns 6,354,756 shares of the company’s stock valued at $319,644,000 after buying an additional 161,679 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Rush Enterprises by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,765,604 shares of the company’s stock valued at $239,704,000 after buying an additional 32,091 shares during the period. FMR LLC raised its holdings in shares of Rush Enterprises by 51.7% during the 3rd quarter. FMR LLC now owns 3,581,306 shares of the company’s stock valued at $146,225,000 after buying an additional 1,220,003 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Rush Enterprises by 41.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,531,048 shares of the company’s stock valued at $103,343,000 after buying an additional 744,310 shares during the period. 84.43% of the stock is owned by institutional investors and hedge funds.

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.