Rush Enterprises, Inc. (NASDAQ:RUSHA) Holdings Reduced by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC lowered its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 622,659 shares of the company's stock after selling 14,700 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 0.79% of Rush Enterprises worth $32,895,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of RUSHA. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Rush Enterprises in the 3rd quarter valued at $137,000. Verition Fund Management LLC acquired a new position in shares of Rush Enterprises in the 3rd quarter valued at $685,000. BNP Paribas Financial Markets boosted its holdings in shares of Rush Enterprises by 93.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 69,018 shares of the company's stock valued at $3,646,000 after purchasing an additional 33,397 shares during the last quarter. FMR LLC boosted its holdings in shares of Rush Enterprises by 34.8% in the 3rd quarter. FMR LLC now owns 5,174,262 shares of the company's stock valued at $273,356,000 after purchasing an additional 1,336,528 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Rush Enterprises in the 3rd quarter valued at $247,000. Institutional investors and hedge funds own 84.43% of the company's stock.

Insider Buying and Selling

In other news, CFO Steven L. Keller sold 14,625 shares of the business's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $58.50, for a total value of $855,562.50. Following the completion of the sale, the chief financial officer now owns 83,365 shares of the company's stock, valued at approximately $4,876,852.50. The trade was a 14.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William M. Rusty Rush sold 117,500 shares of Rush Enterprises stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $63.98, for a total transaction of $7,517,650.00. Following the completion of the transaction, the chief executive officer now directly owns 174,154 shares of the company's stock, valued at $11,142,372.92. This trade represents a 40.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 176,000 shares of company stock valued at $11,167,173 in the last quarter. Company insiders own 12.53% of the company's stock.

Rush Enterprises Trading Up 1.5 %

Shares of RUSHA stock traded up $0.89 during mid-day trading on Wednesday, reaching $62.17. The company's stock had a trading volume of 307,625 shares, compared to its average volume of 361,497. The company's 50 day simple moving average is $56.47 and its 200-day simple moving average is $50.61. Rush Enterprises, Inc. has a 12-month low of $40.03 and a 12-month high of $65.15. The company has a quick ratio of 0.28, a current ratio of 1.40 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $4.91 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 2.34 and a beta of 1.00.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.02. Rush Enterprises had a net margin of 3.93% and a return on equity of 15.43%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the firm posted $0.96 EPS. The business's revenue for the quarter was down 4.3% compared to the same quarter last year. On average, research analysts predict that Rush Enterprises, Inc. will post 3.45 EPS for the current fiscal year.

Rush Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, November 12th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.16%. The ex-dividend date is Tuesday, November 12th. Rush Enterprises's dividend payout ratio (DPR) is 19.10%.

Analyst Upgrades and Downgrades

Separately, Stephens raised their target price on shares of Rush Enterprises from $66.00 to $69.00 and gave the company an "overweight" rating in a research note on Friday, November 1st.

Rush Enterprises Profile

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.