Steven Keller Sells 1,822 Shares of Rush Enterprises (NASDAQ:RUSHA) Stock

Rush Enterprises, Inc. (NASDAQ:RUSHA) CFO Steven Keller sold 1,822 shares of Rush Enterprises stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $81.12, for a total value of $147,800.64. Following the sale, the chief financial officer directly owned 84,374 shares in the company, valued at approximately $6,844,418.88. This trade represents a 2.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Rush Enterprises Stock Performance

Shares of RUSHA stock opened at $82.76 on Wednesday. Rush Enterprises, Inc. has a 12-month low of $45.67 and a 12-month high of $83.50. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.45 and a quick ratio of 0.38. The firm has a market capitalization of $6.43 billion, a price-to-earnings ratio of 24.93, a price-to-earnings-growth ratio of 1.79 and a beta of 0.87. The business has a 50 day simple moving average of $73.07 and a 200 day simple moving average of $70.28.

Shares of Rush Enterprises are scheduled to split on Tuesday, August 11th. The 3-2 split was recently announced. The newly created shares will be distributed to shareholders after the market closes on Monday, August 10th.

Rush Enterprises (NASDAQ:RUSHA) last announced its earnings results on Tuesday, July 28th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.05. Rush Enterprises had a return on equity of 11.65% and a net margin of 3.67%.The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.89 billion. On average, equities research analysts anticipate that Rush Enterprises, Inc. will post 3.75 EPS for the current year.

Rush Enterprises Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Wednesday, September 9th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, September 9th. Rush Enterprises’s payout ratio is currently 22.89%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on RUSHA. Zacks Research upgraded shares of Rush Enterprises from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. UBS Group boosted their price target 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. Weiss Ratings raised shares of Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 23rd. Wolfe Research initiated coverage on shares of Rush Enterprises in a report on Monday, April 27th. They issued an “outperform” rating and a $88.00 price objective for the company. Finally, Stephens raised their price objective on shares of Rush Enterprises from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $87.00.

Hedge Funds Weigh In On Rush Enterprises

A number of hedge funds have recently modified their holdings of the stock. Root Financial Partners LLC raised its position in shares of 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 purchasing an additional 175 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in shares of Rush Enterprises by 495.4% during the third quarter. CIBC Private Wealth Group LLC now owns 518 shares of the company’s stock valued at $28,000 after purchasing an additional 431 shares during the last quarter. Private Trust Co. NA boosted its position in shares of Rush Enterprises by 211.4% in the 4th quarter. Private Trust Co. NA now owns 545 shares of the company’s stock valued at $29,000 after purchasing an additional 370 shares during the period. Measured Wealth Private Client Group LLC acquired a new position in shares of Rush Enterprises in the 3rd quarter valued at $34,000. Finally, Allworth Financial LP increased its stake in Rush Enterprises by 5,790.9% in the 3rd quarter. Allworth Financial LP now owns 648 shares of the company’s stock worth $35,000 after purchasing an additional 637 shares in the last quarter. 84.43% of the stock is currently owned by institutional investors and hedge funds.

More Rush Enterprises News

Here are the key news stories impacting Rush Enterprises this week:

• Positive Sentiment: An analyst price target was raised to $95, suggesting further potential upside and reinforcing the stock’s consensus “Moderate Buy” rating. The average analyst target is approximately $87. Rush Enterprises Price Target Raised to $95.00
• Positive Sentiment: Rush Enterprises recently exceeded quarterly expectations, reporting $0.91 in earnings per share versus the $0.86 consensus estimate, while revenue of $1.90 billion slightly topped forecasts. The results support the company’s earnings outlook, with analysts expecting about $3.75 in full-year EPS.
• Neutral Sentiment: A previously announced 3-for-2 stock split is scheduled before the market opens on August 11, with shares distributed after the August 10 market close. The split does not change the company’s underlying value but may improve trading accessibility.
• Negative Sentiment: Rush Enterprises insiders reported substantial selling: CEO William M. Rusty Rush sold 78,750 shares for about $6.38 million, CFO Steven L. Keller sold 22,500 shares worth roughly $1.82 million, and SVP Michael L. Goldstone sold 4,500 shares valued at approximately $365,000. The combined sales totaled about $8.56 million and reduced the executives’ holdings, potentially weighing on investor sentiment. Each executive retained a meaningful stake after the transactions. Rush Enterprises Insider Sale Filing

About Rush Enterprises

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.