Emerald Advisers Inc. PA purchased a new position in Rev Group Inc (NYSE:REVG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 621,390 shares of the company’s stock, valued at approximately $20,214,000. Emerald Advisers Inc. PA owned about 0.96% of Rev Group as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also bought and sold shares of the company. Mesirow Financial Investment Management Equity Management bought a new stake in Rev Group in the 4th quarter valued at about $21,347,000. Ameriprise Financial Inc. lifted its position in Rev Group by 65.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 818,807 shares of the company’s stock valued at $23,544,000 after purchasing an additional 323,958 shares during the last quarter. Bamco Inc. NY lifted its position in Rev Group by 40.0% in the 3rd quarter. Bamco Inc. NY now owns 1,050,000 shares of the company’s stock valued at $30,198,000 after purchasing an additional 300,000 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in Rev Group by 36.8% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 942,050 shares of the company’s stock valued at $30,645,000 after purchasing an additional 253,325 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in Rev Group in the 3rd quarter valued at about $5,432,000. Institutional investors own 80.45% of the company’s stock.
A number of analysts have commented on REVG shares. Stifel Nicolaus set a $36.00 price target on shares of Rev Group and gave the stock a “buy” rating in a research report on Friday, February 9th. Zacks Investment Research downgraded shares of Rev Group from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Finally, SunTrust Banks boosted their price target on shares of Rev Group to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Rev Group presently has a consensus rating of “Buy” and an average target price of $33.70.
Shares of Rev Group Inc (NYSE REVG) traded down $0.40 on Wednesday, hitting $26.58. 343,061 shares of the stock traded hands, compared to its average volume of 419,330. The firm has a market cap of $1,731.02 and a PE ratio of 63.79. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.77 and a quick ratio of 0.67. Rev Group Inc has a 12 month low of $23.38 and a 12 month high of $33.15.
Rev Group (NYSE:REVG) last announced its quarterly earnings data on Tuesday, December 19th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.01). The business had revenue of $683.90 million during the quarter, compared to analyst estimates of $705.73 million. Rev Group had a return on equity of 12.17% and a net margin of 1.38%. The firm’s quarterly revenue was up 25.5% on a year-over-year basis. equities research analysts forecast that Rev Group Inc will post 1.75 earnings per share for the current fiscal year.
The company also recently announced a monthly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Friday, January 26th will be given a $0.05 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Thursday, January 25th. Rev Group’s dividend payout ratio (DPR) is currently 142.86%.
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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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