REV Group, Inc. (NYSE:REVG) Short Interest Down 16.9% in December

REV Group, Inc. (NYSE:REVG) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 1,052,826 shares, a drop of 16.9% from the December 15th total of 1,267,093 shares. Based on an average daily trading volume, of 484,496 shares, the days-to-cover ratio is presently 2.2 days. Approximately 2.2% of the shares of the company are sold short. Approximately 2.2% of the shares of the company are sold short. Based on an average daily trading volume, of 484,496 shares, the days-to-cover ratio is presently 2.2 days.

Wall Street Analyst Weigh In

A number of research firms have issued reports on REVG. Weiss Ratings restated a “buy (b-)” rating on shares of REV Group in a report on Wednesday, December 24th. Baird R W cut REV Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Morgan Stanley set a $55.00 target price on REV Group in a research note on Tuesday, November 4th. DA Davidson lowered REV Group from a “buy” rating to a “neutral” rating and lowered their target price for the company from $68.00 to $57.00 in a report on Friday, October 31st. Finally, Robert W. Baird reiterated a “neutral” rating and set a $55.00 price target (down from $64.00) on shares of REV Group in a report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $49.25.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in REVG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in REV Group by 5.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,726 shares of the company’s stock worth $971,000 after purchasing an additional 1,520 shares during the period. Pallas Capital Advisors LLC acquired a new position in shares of REV Group in the 2nd quarter worth approximately $273,000. Perpetual Ltd acquired a new position in shares of REV Group in the 2nd quarter worth approximately $323,000. Counterpoint Mutual Funds LLC bought a new position in shares of REV Group during the 2nd quarter worth approximately $430,000. Finally, High Ground Investment Management LLP boosted its stake in REV Group by 1.9% in the 2nd quarter. High Ground Investment Management LLP now owns 1,911,593 shares of the company’s stock valued at $90,973,000 after buying an additional 35,382 shares in the last quarter.

REV Group Trading Down 1.0%

Shares of REVG opened at $67.85 on Tuesday. The stock’s 50-day moving average price is $58.89 and its 200 day moving average price is $55.78. The company has a quick ratio of 0.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of 35.52 and a beta of 1.14. REV Group has a 12-month low of $26.51 and a 12-month high of $69.52.

REV Group (NYSE:REVG) last announced its quarterly earnings data on Wednesday, December 10th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.05. The company had revenue of $664.40 million during the quarter, compared to the consensus estimate of $646.77 million. REV Group had a return on equity of 31.67% and a net margin of 3.86%.The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the company earned $0.51 EPS. As a group, research analysts predict that REV Group will post 2.12 earnings per share for the current year.

REV Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, December 24th. REV Group’s payout ratio is 12.57%.

REV Group Company Profile

REV Group, Inc (NYSE: REVG) is a diversified manufacturer of specialty vehicles serving public safety, healthcare, transportation and recreation markets. The company designs, engineers and produces a broad range of products, including fire and emergency apparatus, transit and shuttle buses, work trucks, ambulances and recreational vehicles. Through its integrated platform, REV Group combines engineering expertise with customer-focused assembly to deliver purpose-built solutions that meet the exact specifications of fleet operators, municipalities and individual consumers.

The company’s product portfolio is organized into three primary segments.