Swiss National Bank lifted its position in Rev Group Inc (NYSE:REVG) by 4.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 52,500 shares of the company’s stock after acquiring an additional 2,100 shares during the period. Swiss National Bank’s holdings in Rev Group were worth $757,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of REVG. Schneider Capital Management Corp purchased a new position in Rev Group in the 1st quarter worth about $3,456,000. Dimensional Fund Advisors LP increased its stake in Rev Group by 10.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,181,849 shares of the company’s stock worth $8,876,000 after buying an additional 109,553 shares during the period. First Trust Advisors LP increased its stake in Rev Group by 64.9% in the 1st quarter. First Trust Advisors LP now owns 170,323 shares of the company’s stock worth $1,865,000 after buying an additional 67,052 shares during the period. IndexIQ Advisors LLC increased its stake in Rev Group by 45.9% in the 1st quarter. IndexIQ Advisors LLC now owns 147,721 shares of the company’s stock worth $1,618,000 after buying an additional 46,486 shares during the period. Finally, CNA Financial Corp increased its stake in Rev Group by 38.4% in the 1st quarter. CNA Financial Corp now owns 105,669 shares of the company’s stock worth $1,157,000 after buying an additional 29,336 shares during the period.
Shares of Rev Group stock traded up $0.23 on Friday, reaching $10.62. The stock had a trading volume of 93,973 shares, compared to its average volume of 311,336. The company has a 50 day moving average price of $12.19 and a 200 day moving average price of $12.01. The company has a quick ratio of 0.71, a current ratio of 1.99 and a debt-to-equity ratio of 0.81. Rev Group Inc has a 1 year low of $6.41 and a 1 year high of $16.31. The stock has a market capitalization of $599.68 million, a P/E ratio of 10.31, a P/E/G ratio of 0.86 and a beta of 2.98.
Rev Group (NYSE:REVG) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.23). Rev Group had a positive return on equity of 7.09% and a negative net margin of 1.05%. The firm had revenue of $617.00 million during the quarter, compared to analysts’ expectations of $632.44 million. During the same period in the previous year, the firm earned $0.38 EPS. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. On average, analysts forecast that Rev Group Inc will post 0.59 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Wednesday, October 30th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Tuesday, October 29th. Rev Group’s payout ratio is currently 19.42%.
In other news, CEO Timothy W. Sullivan acquired 50,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were purchased at an average price of $9.58 per share, with a total value of $479,000.00. Following the transaction, the chief executive officer now directly owns 1,853,160 shares in the company, valued at $17,753,272.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.71% of the stock is owned by insiders.
Several research analysts recently commented on the stock. Wells Fargo & Co reduced their price target on shares of Rev Group from $14.00 to $10.00 and set a “market perform” rating on the stock in a research note on Friday, September 6th. BMO Capital Markets reduced their price target on shares of Rev Group from $15.50 to $12.00 and set an “outperform” rating on the stock in a research note on Monday. Morgan Stanley reduced their price target on shares of Rev Group from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Friday, September 6th. Zacks Investment Research downgraded shares of Rev Group from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Goldman Sachs Group downgraded shares of Rev Group from a “neutral” rating to a “sell” rating and set a $12.00 target price on the stock. in a research report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $11.00.
About Rev Group
REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, Latin America, the Caribbean, 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 municipalities and private contractors.
Further Reading: What are the Benefits of Index Funds?
Want to see what other hedge funds are holding REVG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rev Group Inc (NYSE:REVG).
Receive News & Ratings for Rev Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rev Group and related companies with MarketBeat.com's FREE daily email newsletter.