LSV Asset Management Sells 18,900 Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA)

LSV Asset Management reduced its position in shares of Rush Enterprises, Inc. (NASDAQ:RUSHA - Free Report) by 12.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 127,700 shares of the company's stock after selling 18,900 shares during the period. LSV Asset Management owned 0.16% of Rush Enterprises worth $6,997,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Martingale Asset Management L P lifted its position in shares of Rush Enterprises by 3.3% in the 4th quarter. Martingale Asset Management L P now owns 50,705 shares of the company's stock worth $2,778,000 after purchasing an additional 1,620 shares during the period. Legal & General Group Plc grew its holdings in shares of Rush Enterprises by 0.6% during the 4th quarter. Legal & General Group Plc now owns 178,020 shares of the company's stock worth $9,754,000 after acquiring an additional 1,123 shares during the period. Bank of Montreal Can raised its position in shares of Rush Enterprises by 9.1% in the 4th quarter. Bank of Montreal Can now owns 10,688 shares of the company's stock worth $586,000 after acquiring an additional 895 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Rush Enterprises by 25.3% during the fourth quarter. Wells Fargo & Company MN now owns 37,112 shares of the company's stock valued at $2,033,000 after purchasing an additional 7,483 shares in the last quarter. Finally, Trexquant Investment LP purchased a new stake in Rush Enterprises in the fourth quarter worth $219,000. Hedge funds and other institutional investors own 84.43% of the company's stock.

Rush Enterprises Stock Up 0.7 %

Shares of RUSHA traded up $0.38 during mid-day trading on Friday, reaching $51.77. The company had a trading volume of 462,893 shares, compared to its average volume of 362,242. Rush Enterprises, Inc. has a 52 week low of $40.99 and a 52 week high of $65.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.45. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 1.04 and a beta of 0.96. The firm has a 50-day moving average price of $54.85 and a 200 day moving average price of $56.72.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.09. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.86 billion. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. On average, sell-side analysts forecast that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 3rd were given a $0.18 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.72 annualized dividend and a yield of 1.39%. Rush Enterprises's dividend payout ratio (DPR) is presently 19.30%.

Analyst Upgrades and Downgrades

Separately, Stephens reaffirmed an "overweight" rating and issued a $69.00 target price on shares of Rush Enterprises in a research report on Wednesday, February 19th.

Insiders Place Their Bets

In related news, SVP Jody Pollard sold 11,250 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $56.43, for a total value of $634,837.50. Following the sale, the senior vice president now owns 3,117 shares in the company, valued at approximately $175,892.31. This trade represents a 78.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael Mcroberts sold 4,000 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $58.52, for a total value of $234,080.00. Following the transaction, the director now directly owns 15,771 shares in the company, valued at $922,918.92. The trade was a 20.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 12.53% of the company's stock.

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.