Short Interest in REV Group, Inc. (NYSE:REVG) Expands By 73.9%

REV Group, Inc. (NYSE:REVG) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 2,000,000 shares, a growth of 73.9% from the March 31st total of 1,150,000 shares. Based on an average trading volume of 1,010,000 shares, the short-interest ratio is currently 2.0 days. Currently, 4.1% of the shares of the company are sold short.

REV Group Stock Down 2.3 %

Shares of NYSE:REVG opened at $21.24 on Friday. REV Group has a fifty-two week low of $9.85 and a fifty-two week high of $23.85. The firm’s 50 day moving average price is $20.60 and its 200 day moving average price is $18.07. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 5.24 and a beta of 1.70.

REV Group (NYSE:REVG) last announced its earnings results on Wednesday, March 6th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.10. REV Group had a net margin of 9.15% and a return on equity of 16.43%. The business had revenue of $586.00 million for the quarter, compared to analyst estimates of $579.42 million. During the same period last year, the firm posted $0.04 earnings per share. The company’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities analysts anticipate that REV Group will post 1.35 EPS for the current year.

REV Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Wednesday, March 27th. REV Group’s dividend payout ratio (DPR) is presently 4.94%.

Analysts Set New Price Targets

REVG has been the subject of a number of research reports. StockNews.com lowered shares of REV Group from a “strong-buy” rating to a “buy” rating in a report on Thursday. The Goldman Sachs Group upped their price objective on shares of REV Group from $18.00 to $20.00 and gave the company a “sell” rating in a report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, REV Group has a consensus rating of “Moderate Buy” and a consensus price target of $17.60.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP grew its holdings in REV Group by 22.8% in the 3rd quarter. Wellington Management Group LLP now owns 422,103 shares of the company’s stock valued at $6,754,000 after buying an additional 78,453 shares during the period. Federated Hermes Inc. grew its holdings in shares of REV Group by 1,020.6% during the 3rd quarter. Federated Hermes Inc. now owns 382,653 shares of the company’s stock worth $6,122,000 after purchasing an additional 348,507 shares during the period. Pinnacle Associates Ltd. grew its holdings in shares of REV Group by 6.9% during the 4th quarter. Pinnacle Associates Ltd. now owns 59,763 shares of the company’s stock worth $1,086,000 after purchasing an additional 3,853 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of REV Group by 8.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 628,986 shares of the company’s stock worth $10,064,000 after purchasing an additional 50,738 shares during the period. Finally, Trexquant Investment LP grew its holdings in shares of REV Group by 33.5% during the 3rd quarter. Trexquant Investment LP now owns 69,162 shares of the company’s stock worth $1,107,000 after purchasing an additional 17,364 shares during the period.

About REV Group

REV Group, Inc, together with its subsidiaries, designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Canada, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment provides fire apparatus equipment under the Emergency One, Kovatch Mobile Equipment, Ferrara, Spartan Emergency Response, Smeal, Spartan Fire Chassis, and Ladder Tower brand names; and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue, and Wheeled Coach brand names.