REV Group Target of Unusually Large Options Trading (REVG)

REV Group Inc (NYSE:REVG) saw some unusual options trading on Wednesday. Stock investors purchased 687 put options on the stock. This is an increase of 973% compared to the typical daily volume of 64 put options.

REVG stock opened at $18.80 on Thursday. REV Group has a twelve month low of $18.29 and a twelve month high of $33.15. The stock has a market cap of $1,188.86, a P/E ratio of 15.48, a PEG ratio of 0.74 and a beta of 1.71. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.75 and a current ratio of 2.19.

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REV Group (NYSE:REVG) last released its quarterly earnings data on Wednesday, March 7th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. The company had revenue of $514.90 million for the quarter, compared to the consensus estimate of $513.04 million. REV Group had a return on equity of 13.93% and a net margin of 2.31%. The company’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.11 earnings per share. sell-side analysts predict that REV Group will post 1.62 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 31st. Shareholders of record on Monday, April 30th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Friday, April 27th. REV Group’s payout ratio is 63.83%.

In other REV Group news, CEO Timothy W. Sullivan purchased 100,000 shares of the stock in a transaction dated Tuesday, March 13th. The shares were bought at an average cost of $22.53 per share, with a total value of $2,253,000.00. Following the completion of the transaction, the chief executive officer now owns 108,620 shares in the company, valued at approximately $2,447,208.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in REVG. JPMorgan Chase & Co. acquired a new stake in REV Group during the third quarter valued at approximately $679,000. Schwab Charles Investment Management Inc. boosted its holdings in REV Group by 5.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 49,295 shares of the company’s stock valued at $1,418,000 after purchasing an additional 2,455 shares in the last quarter. Stifel Financial Corp boosted its holdings in REV Group by 83.9% during the third quarter. Stifel Financial Corp now owns 65,153 shares of the company’s stock valued at $1,890,000 after purchasing an additional 29,718 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in REV Group during the third quarter valued at approximately $128,000. Finally, Peregrine Capital Management LLC boosted its holdings in REV Group by 17.2% during the fourth quarter. Peregrine Capital Management LLC now owns 817,447 shares of the company’s stock valued at $26,592,000 after purchasing an additional 120,235 shares in the last quarter. 95.40% of the stock is currently owned by institutional investors.

A number of equities research analysts recently weighed in on REVG shares. Credit Suisse Group reissued an “outperform” rating and set a $32.00 target price (down from $36.00) on shares of REV Group in a research report on Friday, March 9th. Zacks Investment Research raised REV Group from a “hold” rating to a “strong-buy” rating and set a $36.00 target price on the stock in a research report on Tuesday, December 26th. Morgan Stanley started coverage on REV Group in a research report on Friday, March 2nd. They set an “equal weight” rating and a $32.00 target price on the stock. Stifel Nicolaus set a $35.00 target price on REV Group and gave the stock a “buy” rating in a research report on Thursday, March 8th. Finally, Wells Fargo downgraded REV Group from an “outperform” rating to a “market perform” rating and set a $26.00 target price on the stock. in a research report on Friday, March 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $31.29.

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REV Group Company Profile

REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, 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 municipal fire departments, EMS providers, and private fleets through dealers.

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