SunTrust Banks, Inc. started coverage on shares of REV Group, Inc. (NYSE:REVG) in a research report sent to investors on Friday, MarketBeat reports. The brokerage issued a buy rating and a $33.00 price target on the stock.
Separately, Zacks Investment Research downgraded shares of REV Group from a hold rating to a sell rating in a research report on Saturday, November 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The company has an average rating of Buy and a consensus target price of $32.10.
Shares of REV Group (NYSE REVG) opened at $25.66 on Friday. REV Group has a 12-month low of $23.38 and a 12-month high of $31.60. The company has a quick ratio of 0.76, a current ratio of 2.04 and a debt-to-equity ratio of 0.55.
REV Group (NYSE:REVG) last released its earnings results on Thursday, September 7th. The company reported $0.33 earnings per share 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 the consensus estimate of $619.57 million. REV Group had a net margin of 0.98% and a return on equity of 10.51%. The company’s quarterly revenue was up 12.8% on a year-over-year basis. analysts expect that REV Group will post 0.99 earnings per share for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Tuesday, October 31st will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Monday, October 30th. REV Group’s dividend payout ratio (DPR) is currently 187.50%.
In other news, COO Thomas B. Phillips sold 10,000 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $26.73, for a total value of $267,300.00. Following the sale, the chief operating officer now directly owns 10,000 shares of the company’s stock, valued at approximately $267,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kim A. Marvin sold 40,263 shares of the company’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $26.09, for a total transaction of $1,050,461.67. Following the completion of the sale, the director now directly owns 150,671 shares in the company, valued at $3,931,006.39. The disclosure for this sale can be found here. Insiders sold a total of 51,248 shares of company stock worth $1,343,460 over the last ninety days.
A number of hedge funds and other institutional investors have recently made changes to their positions in REVG. Vanguard Group Inc. purchased a new stake in REV Group during the first quarter worth $31,542,000. Rice Hall James & Associates LLC purchased a new stake in REV Group during the second quarter worth $18,470,000. Ameriprise Financial Inc. boosted its holdings in REV Group by 65.5% during the third quarter. Ameriprise Financial Inc. now owns 818,807 shares of the company’s stock worth $23,544,000 after buying an additional 323,958 shares in the last quarter. Bamco Inc. NY boosted its holdings in REV Group by 40.0% during the third quarter. Bamco Inc. NY now owns 1,050,000 shares of the company’s stock worth $30,198,000 after buying an additional 300,000 shares in the last quarter. Finally, First Trust Advisors LP purchased a new stake in REV Group during the third quarter worth $5,432,000. 24.33% of the stock is currently owned by hedge funds and other institutional investors.
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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