Rev Group Inc (NASDAQ:REVG) COO Thomas B. Phillips sold 10,000 shares of Rev Group stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $26.73, for a total transaction of $267,300.00. Following the sale, the chief operating officer now owns 10,000 shares in the company, valued at $267,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Rev Group Inc (NASDAQ REVG) opened at 26.92 on Monday. The company has a market capitalization of $1.72 billion and a PE ratio of 83.60. The firm has a 50-day moving average of $26.51 and a 200 day moving average of $27.26. Rev Group Inc has a 12 month low of $23.55 and a 12 month high of $31.60.
Rev Group (NASDAQ:REVG) last announced its earnings results on Thursday, September 7th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.28 by $0.05. The company had revenue of $595.60 million for the quarter, compared to analysts’ expectations of $619.57 million. Rev Group had a return on equity of 11.25% and a net margin of 2.55%. The company’s revenue was up 12.8% compared to the same quarter last year. On average, equities research analysts expect that Rev Group Inc will post $1.19 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Tuesday, October 31st will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Monday, October 30th.
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Separately, Zacks Investment Research cut shares of Rev Group from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Rev Group has a consensus rating of “Buy” and a consensus price target of $32.00.
A number of institutional investors have recently bought and sold shares of the stock. Macquarie Group Ltd. boosted its holdings in Rev Group by 0.8% in the second quarter. Macquarie Group Ltd. now owns 69,289 shares of the company’s stock valued at $1,918,000 after acquiring an additional 527 shares during the last quarter. TD Asset Management Inc. boosted its holdings in Rev Group by 4.6% in the second quarter. TD Asset Management Inc. now owns 22,619 shares of the company’s stock valued at $626,000 after acquiring an additional 1,000 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Rev Group by 3.9% in the second quarter. Bank of New York Mellon Corp now owns 42,565 shares of the company’s stock valued at $1,178,000 after acquiring an additional 1,592 shares during the last quarter. Schroder Investment Management Group boosted its holdings in Rev Group by 0.8% in the second quarter. Schroder Investment Management Group now owns 376,843 shares of the company’s stock valued at $10,552,000 after acquiring an additional 2,874 shares during the last quarter. Finally, Strs Ohio bought a new position in Rev Group in the first quarter valued at about $102,000.
Rev Group Company Profile
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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