Rev Group Inc (NYSE:REVG) CEO Timothy W. Sullivan acquired 100,000 shares of Rev Group stock in a transaction that occurred on 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 purchase, 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 at the SEC website.
Shares of Rev Group Inc (NYSE:REVG) traded down $0.36 during mid-day trading on Tuesday, hitting $22.00. The stock had a trading volume of 1,510,454 shares, compared to its average volume of 541,715. The firm has a market capitalization of $1,501.25, a P/E ratio of 26.83, a PEG ratio of 0.53 and a beta of 0.62. 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 Inc has a 1-year low of $21.88 and a 1-year high of $33.15.
Rev Group (NYSE:REVG) last issued its quarterly earnings results on Wednesday, March 7th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. The business had revenue of $514.90 million for the quarter, compared to the consensus estimate of $513.04 million. Rev Group had a return on equity of 13.93% and a net margin of 2.31%. The business’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 earnings per share. sell-side analysts forecast that Rev Group Inc will post 1.75 earnings per share for the current year.
A number of equities analysts recently commented on REVG shares. SunTrust Banks started coverage on shares of Rev Group in a research note on Friday, November 17th. They issued a “buy” rating and a $33.00 price objective for the company. Stifel Nicolaus boosted their price objective on shares of Rev Group from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, December 21st. Zacks Investment Research raised shares of Rev Group from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective for the company in a research note on Tuesday, December 26th. Morgan Stanley started coverage on shares of Rev Group in a research note on Friday, March 2nd. They issued an “equal weight” rating and a $32.00 price objective for the company. Finally, Wells Fargo & Co downgraded shares of Rev Group from an “outperform” rating to a “market perform” rating and set a $26.00 price objective for the company. in a research note on Friday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Rev Group has a consensus rating of “Buy” and a consensus target price of $31.75.
Several hedge funds have recently modified their holdings of REVG. Aip LLC acquired a new position in shares of Rev Group during the fourth quarter worth $1,098,678,000. Mesirow Financial Investment Management Equity Management acquired a new position in shares of Rev Group during the fourth quarter worth $21,347,000. BlackRock Inc. increased its position in shares of Rev Group by 69.5% during the fourth quarter. BlackRock Inc. now owns 1,525,024 shares of the company’s stock worth $49,609,000 after purchasing an additional 625,448 shares in the last quarter. Emerald Advisers Inc. PA acquired a new position in shares of Rev Group during the fourth quarter worth $20,214,000. Finally, Wells Fargo & Company MN increased its position in shares of Rev Group by 74.4% during the fourth quarter. Wells Fargo & Company MN now owns 1,242,955 shares of the company’s stock worth $40,434,000 after purchasing an additional 530,403 shares in the last quarter. 95.40% of the stock is currently 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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