Shares of Rev Group Inc (NYSE:REVG) hit a new 52-week high and low during trading on Monday . The company traded as low as $19.99 and last traded at $20.21, with a volume of 230373 shares trading hands. The stock had previously closed at $20.76.
Several analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Rev Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 28th. SunTrust Banks boosted their price target on shares of Rev Group to $39.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Stifel Nicolaus boosted their price target on shares of Rev Group from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, December 21st. Morgan Stanley started coverage on shares of Rev Group in a report on Friday, March 2nd. They issued an “equal weight” rating and a $32.00 price target on the stock. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $32.00 price target (down from $36.00) on shares of Rev Group in a report on Friday, March 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Rev Group presently has an average rating of “Hold” and an average price target of $31.71.
The firm has a market capitalization of $1,339.89, a PE ratio of 22.09, a PEG ratio of 0.82 and a beta of 1.73. The company has a current ratio of 2.19, a quick ratio of 0.75 and a debt-to-equity ratio of 0.64.
Rev Group (NYSE:REVG) last posted its quarterly earnings data on Wednesday, March 7th. The company reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.06. The company had revenue of $514.90 million for the quarter, compared to analysts’ expectations of $513.04 million. Rev Group had a net margin of 2.31% and a return on equity of 13.93%. Rev Group’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 earnings per share. analysts anticipate that Rev Group Inc will post 1.63 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 31st. Investors of record on Monday, April 30th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, April 27th. Rev Group’s dividend payout ratio (DPR) is 63.83%.
In other Rev Group news, CEO Timothy W. Sullivan purchased 100,000 shares of Rev Group stock in a transaction on Tuesday, March 13th. The shares were acquired at an average cost of $22.53 per share, for a total transaction of $2,253,000.00. Following the completion of the transaction, the chief executive officer now directly owns 108,620 shares of the company’s stock, valued at $2,447,208.60. The purchase was disclosed in a filing with the SEC, which is available at this link. 4.00% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of REVG. Aip LLC purchased a new stake in Rev Group in the fourth quarter worth $1,098,678,000. Mesirow Financial Investment Management Equity Management purchased a new stake in Rev Group in the fourth quarter worth $21,347,000. BlackRock Inc. lifted its stake in Rev Group by 69.5% in the fourth quarter. BlackRock Inc. now owns 1,525,024 shares of the company’s stock worth $49,609,000 after acquiring an additional 625,448 shares during the period. Emerald Advisers Inc. PA purchased a new stake in Rev Group in the fourth quarter worth $20,214,000. Finally, Wells Fargo & Company MN lifted its stake in Rev Group by 74.4% in the fourth quarter. Wells Fargo & Company MN now owns 1,242,955 shares of the company’s stock worth $40,434,000 after acquiring an additional 530,403 shares during the period. Hedge funds and other institutional investors own 95.40% of the company’s stock.
About Rev Group
REV Group, Inc is a designer, manufacturer and distributor of specialty vehicles and related aftermarket parts and services. The Company operates through three segments: Fire & Emergency, Commercial and Recreation. The Company provides customized vehicle solutions for applications, including essential needs (ambulances, fire apparatus, school buses, mobility vans and municipal transit buses), industrial and commercial (terminal trucks, cut-away buses and street sweepers) and consumer leisure (recreational vehicles (RVs) and luxury buses).
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