Bamco Inc. NY boosted its position in Rev Group Inc (NYSE:REVG) by 19.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,250,000 shares of the company’s stock after purchasing an additional 200,000 shares during the period. Bamco Inc. NY’s holdings in Rev Group were worth $40,662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Envestnet Asset Management Inc. purchased a new position in shares of Rev Group during the third quarter worth approximately $128,000. Virtu Financial LLC purchased a new position in shares of Rev Group during the fourth quarter worth approximately $209,000. Private Advisor Group LLC purchased a new position in shares of Rev Group during the third quarter worth approximately $224,000. Bluestein R H & Co. purchased a new position in shares of Rev Group during the third quarter worth approximately $230,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Rev Group during the fourth quarter worth approximately $321,000. 95.40% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently commented on REVG. Zacks Investment Research lowered shares of Rev Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 11th. Credit Suisse Group reduced their target price on shares of Rev Group from $36.00 to $32.00 and set an “outperform” rating on the stock in a research report on Friday. Morgan Stanley began coverage on shares of Rev Group in a research report on Friday, March 2nd. They set an “equal weight” rating and a $32.00 target price on the stock. Stifel Nicolaus set a $35.00 target price on shares of Rev Group and gave the stock a “buy” rating in a research report on Thursday. Finally, Wells Fargo & Co lowered shares of Rev Group from an “outperform” rating to a “market perform” rating and set a $26.00 target price on the stock. in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Rev Group presently has an average rating of “Buy” and an average target price of $31.75.
Rev Group (NYSE:REVG) last issued its quarterly earnings data on Wednesday, March 7th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.06. The company had revenue of $514.90 million for the quarter, compared to analyst estimates of $513.04 million. Rev Group had a net margin of 2.31% and a return on equity of 14.12%. Rev Group’s revenue was up 16.3% compared to the same quarter last year. During the same period last year, the company posted $0.11 earnings per share. equities analysts predict that Rev Group Inc will post 1.75 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 31st. Investors of record on Monday, April 30th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Friday, April 27th. Rev Group’s payout ratio is 89.55%.
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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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