Several other research analysts also recently weighed in on the company. Credit Suisse Group reiterated an outperform rating and issued a $32.00 target price (down from $36.00) on shares of Rev Group in a research note on Friday, March 9th. Zacks Investment Research upgraded Rev Group from a hold rating to a strong-buy rating and set a $36.00 target price on the stock in a research note on Tuesday, December 26th. Stifel Nicolaus set a $35.00 target price on Rev Group and gave the company a buy rating in a research note on Thursday, March 8th. Wells Fargo & Co 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 note on Friday, March 9th. Finally, SunTrust Banks lowered their target price on Rev Group to $31.00 and set a buy rating on the stock in a research note on Friday, March 9th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $31.75.
Rev Group (REVG) opened at $22.26 on Monday. The stock has a market capitalization of $1,430.00 and a P/E ratio of 33.22. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.75 and a current ratio of 2.19. Rev Group has a 12 month low of $21.88 and a 12 month high of $33.15.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 31st. Stockholders of record on Monday, April 30th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, April 27th. This represents a $0.20 annualized dividend and a dividend yield of 0.90%. Rev Group’s dividend payout ratio is currently 89.55%.
In other Rev Group news, CEO Timothy W. Sullivan purchased 100,000 shares of Rev Group stock in a transaction dated Tuesday, March 13th. The stock was acquired at an average cost of $22.53 per share, with a total value of $2,253,000.00. Following the acquisition, the chief executive officer now directly owns 108,620 shares of the company’s stock, valued at $2,447,208.60. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 4.00% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. lifted its holdings in shares of Rev Group by 5.2% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 49,295 shares of the company’s stock valued at $1,418,000 after buying an additional 2,455 shares during the period. TD Asset Management Inc. lifted its holdings in shares of Rev Group by 15.0% in the 3rd quarter. TD Asset Management Inc. now owns 26,019 shares of the company’s stock valued at $748,000 after buying an additional 3,400 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Rev Group by 36.1% in the 4th quarter. Alliancebernstein L.P. now owns 16,600 shares of the company’s stock valued at $540,000 after buying an additional 4,400 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Rev Group by 99.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 8,901 shares of the company’s stock valued at $290,000 after buying an additional 4,444 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Rev Group by 37.2% in the 4th quarter. Rhumbline Advisers now owns 20,286 shares of the company’s stock valued at $660,000 after buying an additional 5,505 shares during the period. 95.40% of the stock is owned by institutional investors and hedge funds.
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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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