Insider Selling: Rush Enterprises, Inc. (NASDAQ:RUSHA) CEO Sells 10,906 Shares of Stock

Rush Enterprises, Inc. (NASDAQ:RUSHA) CEO William M. Rusty Rush sold 10,906 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $51.24, for a total value of $558,823.44. Following the sale, the chief executive officer now directly owns 96,155 shares of the company’s stock, valued at $4,926,982.20. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Rush Enterprises, Inc. (NASDAQ RUSHA) opened at $48.92 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.29 and a current ratio of 1.16. The firm has a market capitalization of $1,964.38, a PE ratio of 25.58, a price-to-earnings-growth ratio of 1.58 and a beta of 1.20. Rush Enterprises, Inc. has a twelve month low of $25.60 and a twelve month high of $54.11.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings results on Wednesday, October 25th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.25. Rush Enterprises had a return on equity of 8.82% and a net margin of 1.74%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.21 billion. equities analysts predict that Rush Enterprises, Inc. will post 2.08 EPS for the current year.

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RUSHA has been the topic of a number of recent research reports. Zacks Investment Research lowered Rush Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 27th. BMO Capital Markets reiterated a “market perform” rating and issued a $50.00 price objective (up from $42.00) on shares of Rush Enterprises in a research report on Monday, October 30th. They noted that the move was a valuation call. Stifel Nicolaus reiterated a “hold” rating and issued a $38.00 price objective on shares of Rush Enterprises in a research report on Friday, July 28th. ValuEngine upgraded Rush Enterprises from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, BidaskClub lowered Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Rush Enterprises presently has an average rating of “Hold” and a consensus target price of $46.00.

Large investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. increased its position in shares of Rush Enterprises by 8.3% in the second quarter. Ameritas Investment Partners Inc. now owns 4,112 shares of the company’s stock valued at $152,000 after acquiring an additional 316 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of Rush Enterprises by 70.7% in the third quarter. Great West Life Assurance Co. Can now owns 3,362 shares of the company’s stock valued at $157,000 after acquiring an additional 1,393 shares during the last quarter. Sei Investments Co. acquired a new stake in shares of Rush Enterprises in the third quarter valued at about $182,000. Trexquant Investment LP acquired a new stake in shares of Rush Enterprises in the third quarter valued at about $204,000. Finally, Wrapmanager Inc. acquired a new stake in shares of Rush Enterprises in the third quarter valued at about $216,000. 76.02% of the stock is currently owned by institutional investors and hedge funds.

Rush Enterprises Company Profile

Rush Enterprises, Inc is an integrated retailer of commercial vehicles and related services. The Company operates through the Truck Segment, which includes its operation of a regional network of commercial vehicle dealerships under the name Rush Truck Centers. Through its Rush Truck Centers, it offers services, including retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing and rental, and insurance products.

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