LSV Asset Management Decreases Stake in Rush Enterprises, Inc. (NASDAQ:RUSHA)

LSV Asset Management decreased its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 0.4% during the 4th quarter, HoldingsChannel reports. The fund owned 354,200 shares of the company’s stock after selling 1,300 shares during the quarter. LSV Asset Management’s holdings in Rush Enterprises were worth $17,816,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of RUSHA. Nisa Investment Advisors LLC grew its position in shares of Rush Enterprises by 13.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,590 shares of the company’s stock worth $130,000 after buying an additional 300 shares in the last quarter. Gladius Capital Management LP increased its position in shares of Rush Enterprises by 891.2% in the 3rd quarter. Gladius Capital Management LP now owns 1,120 shares of the company’s stock worth $46,000 after purchasing an additional 1,007 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Rush Enterprises by 4.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,552 shares of the company’s stock valued at $1,436,000 after purchasing an additional 1,222 shares in the last quarter. Quantbot Technologies LP lifted its position in shares of Rush Enterprises by 30.2% during the third quarter. Quantbot Technologies LP now owns 6,533 shares of the company’s stock worth $267,000 after purchasing an additional 1,515 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its stake in Rush Enterprises by 24.3% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 9,450 shares of the company’s stock worth $386,000 after purchasing an additional 1,850 shares in the last quarter. Institutional investors and hedge funds own 84.43% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Jody Pollard sold 11,250 shares of Rush Enterprises stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $48.28, for a total transaction of $543,150.00. Following the sale, the senior vice president now directly owns 2,777 shares in the company, valued at $134,073.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 12.53% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Stephens reaffirmed an “overweight” rating and set a $60.00 target price on shares of Rush Enterprises in a report on Wednesday, April 24th.

Rush Enterprises Stock Up 1.1 %

Shares of NASDAQ:RUSHA opened at $44.20 on Tuesday. Rush Enterprises, Inc. has a 1-year low of $33.67 and a 1-year high of $53.78. The company’s fifty day moving average is $49.11 and its two-hundred day moving average is $45.08. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 1.43. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 11.17, a price-to-earnings-growth ratio of 1.00 and a beta of 1.07.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.08. Rush Enterprises had a return on equity of 17.16% and a net margin of 4.16%. The business had revenue of $1.87 billion for the quarter. During the same quarter in the previous year, the company posted $1.07 earnings per share. Equities analysts anticipate that Rush Enterprises, Inc. will post 2.92 EPS for the current year.

Rush Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 9th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Wednesday, May 8th. Rush Enterprises’s payout ratio is 17.19%.

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.