BlackRock Inc. increased its holdings in Rev Group Inc (NYSE:REVG) by 5.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,915,314 shares of the company’s stock after buying an additional 102,740 shares during the quarter. BlackRock Inc.’s holdings in Rev Group were worth $32,579,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of REVG. Bank of Montreal Can boosted its position in Rev Group by 271.7% in the 2nd quarter. Bank of Montreal Can now owns 11,947 shares of the company’s stock worth $204,000 after purchasing an additional 8,733 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its position in Rev Group by 79.5% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 14,695 shares of the company’s stock worth $305,000 after purchasing an additional 6,507 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Rev Group by 26.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 23,664 shares of the company’s stock worth $491,000 after purchasing an additional 4,954 shares in the last quarter. NJ State Employees Deferred Compensation Plan purchased a new stake in Rev Group in the 2nd quarter worth approximately $544,000. Finally, Thompson Investment Management Inc. boosted its position in Rev Group by 72.3% in the 2nd quarter. Thompson Investment Management Inc. now owns 37,650 shares of the company’s stock worth $640,000 after purchasing an additional 15,800 shares in the last quarter.
Several equities research analysts have commented on the company. Deutsche Bank restated a “hold” rating and issued a $16.00 price objective on shares of Rev Group in a research report on Wednesday, September 5th. Stifel Nicolaus lowered Rev Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $18.00 to $17.00 in a research report on Monday, October 1st. Credit Suisse Group decreased their target price on Rev Group from $20.00 to $16.00 and set an “outperform” rating on the stock in a research report on Friday, September 7th. Finally, MED began coverage on Rev Group in a research report on Wednesday, September 5th. They set a “hold” rating and a $16.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $23.00.
Shares of NYSE:REVG opened at $12.82 on Friday. Rev Group Inc has a 1 year low of $12.68 and a 1 year high of $33.15. The company has a market cap of $820.27 million, a PE ratio of 13.64, a price-to-earnings-growth ratio of 1.78 and a beta of 1.66. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.77 and a current ratio of 2.26.
Rev Group (NYSE:REVG) last announced its earnings results on Wednesday, September 5th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.06). Rev Group had a net margin of 2.40% and a return on equity of 13.12%. The business had revenue of $597.70 million for the quarter, compared to analysts’ expectations of $649.64 million. During the same quarter last year, the business earned $0.33 EPS. The company’s quarterly revenue was up .4% on a year-over-year basis. Sell-side analysts expect that Rev Group Inc will post 1.21 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Wednesday, October 31st will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.56%. Rev Group’s dividend payout ratio (DPR) is 21.28%.
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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