Swiss National Bank increased its holdings in shares of Rev Group Inc (NYSE:REVG) by 4.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,500 shares of the company’s stock after acquiring an additional 2,100 shares during the period. Swiss National Bank owned approximately 0.08% of Rev Group worth $757,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of REVG. Bank of Montreal Can lifted its stake in shares of Rev Group by 211.1% in the first quarter. Bank of Montreal Can now owns 3,883 shares of the company’s stock worth $43,000 after buying an additional 2,635 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Rev Group by 238.6% in the first quarter. BNP Paribas Arbitrage SA now owns 6,727 shares of the company’s stock worth $74,000 after buying an additional 4,740 shares in the last quarter. CNA Financial Corp lifted its stake in shares of Rev Group by 38.4% in the first quarter. CNA Financial Corp now owns 105,669 shares of the company’s stock worth $1,157,000 after buying an additional 29,336 shares in the last quarter. CIBC World Markets Inc. lifted its stake in shares of Rev Group by 1.3% in the first quarter. CIBC World Markets Inc. now owns 138,421 shares of the company’s stock worth $1,516,000 after buying an additional 1,719 shares in the last quarter. Finally, IndexIQ Advisors LLC lifted its stake in shares of Rev Group by 45.9% in the first quarter. IndexIQ Advisors LLC now owns 147,721 shares of the company’s stock worth $1,618,000 after buying an additional 46,486 shares in the last quarter.
In related news, CEO Timothy W. Sullivan acquired 50,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were bought at an average price of $9.58 per share, for a total transaction of $479,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,853,160 shares in the company, valued at $17,753,272.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.71% of the stock is owned by corporate insiders.
Several research analysts have recently issued reports on REVG shares. Robert W. Baird set a $12.00 target price on shares of Rev Group and gave the stock a “buy” rating in a research note on Friday, September 6th. Zacks Investment Research downgraded shares of Rev Group from a “hold” rating to a “sell” rating in a research note on Friday. Morgan Stanley dropped their target price on shares of Rev Group from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Friday, September 6th. Goldman Sachs Group downgraded shares of Rev Group from a “neutral” rating to a “sell” rating and set a $12.00 target price on the stock. in a research note on Wednesday, August 7th. Finally, ValuEngine upgraded shares of Rev Group from a “sell” rating to a “hold” rating in a research note on Friday, June 7th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Rev Group currently has an average rating of “Hold” and a consensus price target of $11.00.
Rev Group stock traded up $0.23 during midday trading on Friday, reaching $10.62. 93,973 shares of the company traded hands, compared to its average volume of 311,336. The firm has a market capitalization of $599.68 million, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 0.86 and a beta of 2.98. The business has a 50 day moving average of $12.19 and a two-hundred day moving average of $12.01. Rev Group Inc has a 12 month low of $6.41 and a 12 month high of $16.31. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.99 and a quick ratio of 0.71.
Rev Group (NYSE:REVG) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.23). The company had revenue of $617.00 million for the quarter, compared to the consensus estimate of $632.44 million. Rev Group had a negative net margin of 1.05% and a positive return on equity of 7.09%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the company earned $0.38 EPS. As a group, equities analysts forecast that Rev Group Inc will post 0.59 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Wednesday, October 30th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $0.20 dividend on an annualized basis and a yield of 1.88%. Rev Group’s dividend payout ratio (DPR) is 19.42%.
Rev Group Profile
REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, Latin America, the Caribbean, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment offers a range of fire apparatus and ambulance products for municipalities and private contractors.
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