REV Group, Inc. (NYSE:REVG) Director Paul J. Bamatter acquired 50,000 shares of REV Group stock in a transaction on Monday, June 21st. The shares were bought at an average cost of $15.20 per share, for a total transaction of $760,000.00. Following the completion of the purchase, the director now directly owns 100,000 shares of the company’s stock, valued at $1,520,000. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
Shares of NYSE:REVG opened at $16.02 on Friday. REV Group, Inc. has a 52-week low of $5.10 and a 52-week high of $22.23. The company has a market capitalization of $1.04 billion, a PE ratio of 178.00 and a beta of 2.71. The business has a 50 day moving average price of $18.16. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.61 and a current ratio of 1.85.
REV Group (NYSE:REVG) last announced its quarterly earnings data on Sunday, June 6th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.19. REV Group had a return on equity of 9.96% and a net margin of 0.28%. The company had revenue of $643.60 million for the quarter, compared to analysts’ expectations of $624.80 million. As a group, sell-side analysts anticipate that REV Group, Inc. will post 1.12 EPS for the current fiscal year.
Several equities research analysts have weighed in on REVG shares. Zacks Investment Research raised REV Group from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Tuesday, March 16th. TheStreet raised REV Group from a “d+” rating to a “c-” rating in a research note on Thursday, March 4th. BMO Capital Markets reaffirmed a “hold” rating and set a $19.00 target price on shares of REV Group in a research note on Monday. Morgan Stanley upped their target price on REV Group from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 9th. Finally, Credit Suisse Group upped their target price on REV Group from $9.20 to $13.00 and gave the company an “underperform” rating in a research note on Wednesday, June 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $18.33.
A number of large investors have recently made changes to their positions in the stock. Squarepoint Ops LLC bought a new position in REV Group in the first quarter worth approximately $479,000. Paloma Partners Management Co purchased a new stake in REV Group during the first quarter worth $216,000. D. E. Shaw & Co. Inc. lifted its holdings in REV Group by 71.9% during the first quarter. D. E. Shaw & Co. Inc. now owns 310,636 shares of the company’s stock worth $5,952,000 after buying an additional 129,951 shares during the period. State of Wisconsin Investment Board lifted its holdings in REV Group by 4.0% during the first quarter. State of Wisconsin Investment Board now owns 215,829 shares of the company’s stock worth $4,135,000 after buying an additional 8,300 shares during the period. Finally, Caxton Associates LP purchased a new stake in REV Group during the first quarter worth $298,000. 92.89% of the stock is currently owned by institutional investors.
About REV Group
REV Group, Inc designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Canada, Europe, Africa, 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, Smeal, and Ladder Tower brands; and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue, Wheeled Coach, and Frontline brands.
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