REV Group Inc (NYSE:REVG) shares reached a new 52-week high and low during trading on Tuesday . The company traded as low as $19.26 and last traded at $19.21, with a volume of 578769 shares. The stock had previously closed at $20.20.
REVG has been the topic of a number of research analyst reports. Morgan Stanley set a $32.00 price target on REV Group and gave the stock a “hold” rating in a report on Monday, March 12th. Zacks Investment Research cut REV Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 27th. Stifel Nicolaus boosted their price target on REV Group from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, December 21st. SunTrust Banks lowered their price target on REV Group to $31.00 and set a “buy” rating on the stock in a report on Friday, March 9th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $32.00 price target (down from $36.00) on shares of REV Group in a report on Friday, March 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $31.29.
The company has a quick ratio of 0.75, a current ratio of 2.19 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $1,277.93, a PE ratio of 20.82, a P/E/G ratio of 0.78 and a beta of 1.73.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 31st. Shareholders of record on Monday, April 30th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Friday, April 27th. REV Group’s payout ratio is 63.83%.
In other news, CEO Timothy W. Sullivan acquired 100,000 shares of REV Group stock in a transaction on Tuesday, March 13th. The shares were acquired at an average price 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 in the company, valued at approximately $2,447,208.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 4.00% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in REVG. JPMorgan Chase & Co. bought a new stake in REV Group in the 3rd quarter worth approximately $679,000. Schwab Charles Investment Management Inc. increased its stake in REV Group by 5.2% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 49,295 shares of the company’s stock worth $1,418,000 after acquiring an additional 2,455 shares during the last quarter. Stifel Financial Corp increased its stake in REV Group by 83.9% in the 3rd quarter. Stifel Financial Corp now owns 65,153 shares of the company’s stock worth $1,890,000 after acquiring an additional 29,718 shares during the last quarter. Envestnet Asset Management Inc. bought a new stake in REV Group in the 3rd quarter worth approximately $128,000. Finally, Peregrine Capital Management LLC increased its stake in REV Group by 17.2% in the 4th quarter. Peregrine Capital Management LLC now owns 817,447 shares of the company’s stock worth $26,592,000 after acquiring an additional 120,235 shares during the last quarter. 95.40% of the stock is currently owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY WARNING: This piece of content was posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark laws. The legal version of this piece of content can be read at https://sportsperspectives.com/2018/04/17/rev-group-revg-reaches-new-1-year-high-and-low-at-19-26.html.
About REV Group
REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, 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 municipal fire departments, EMS providers, and private fleets through dealers.
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.