Invictus RG Buys New Stake in Rev Group Inc (REVG)

Invictus RG bought a new position in shares of Rev Group Inc (NYSE:REVG) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,593 shares of the company’s stock, valued at approximately $305,000.

A number of other large investors also recently added to or reduced their stakes in the business. Argent Capital Management LLC acquired a new stake in Rev Group during the 2nd quarter valued at approximately $2,581,000. Royal Bank of Canada lifted its stake in Rev Group by 6,218.1% during the 2nd quarter. Royal Bank of Canada now owns 50,545 shares of the company’s stock valued at $1,399,000 after acquiring an additional 49,745 shares during the period. TIAA CREF Investment Management LLC lifted its stake in Rev Group by 58.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 33,525 shares of the company’s stock valued at $928,000 after acquiring an additional 12,394 shares during the period. CIBC World Markets Inc. lifted its stake in Rev Group by 100.2% during the 2nd quarter. CIBC World Markets Inc. now owns 48,833 shares of the company’s stock valued at $1,352,000 after acquiring an additional 24,435 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in Rev Group by 11.7% during the 2nd quarter. Wells Fargo & Company MN now owns 721,306 shares of the company’s stock valued at $19,966,000 after acquiring an additional 75,278 shares during the period. 24.99% of the stock is currently owned by institutional investors.

Rev Group Inc (NYSE REVG) traded down $0.08 on Thursday, hitting $26.80. 163,300 shares of the company traded hands, compared to its average volume of 327,892. The company has a quick ratio of 0.76, a current ratio of 2.04 and a debt-to-equity ratio of 0.55. Rev Group Inc has a 1 year low of $23.38 and a 1 year high of $31.60.

Rev Group (NYSE:REVG) last posted its earnings results on Thursday, September 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.05. Rev Group had a net margin of 0.98% and a return on equity of 10.51%. The firm had revenue of $595.60 million during the quarter, compared to analysts’ expectations of $619.57 million. Rev Group’s quarterly revenue was up 12.8% on a year-over-year basis. equities research analysts forecast that Rev Group Inc will post 0.97 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Tuesday, October 31st were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Monday, October 30th.

In related news, COO Thomas B. Phillips sold 10,000 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $26.73, for a total value of $267,300.00. Following the completion of the transaction, the chief operating officer now directly owns 10,000 shares in the company, valued at approximately $267,300. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Joel M. Rotroff sold 985 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $26.09, for a total transaction of $25,698.65. Following the completion of the transaction, the director now owns 3,205 shares of the company’s stock, valued at $83,618.45. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,248 shares of company stock valued at $1,343,460.

REVG has been the subject of several research reports. Zacks Investment Research upgraded shares of Rev Group from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Thursday, September 14th. SunTrust Banks initiated coverage on shares of Rev Group in a research note on Friday, November 17th. They set a “buy” rating and a $33.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. Rev Group currently has an average rating of “Buy” and an average target price of $32.10.

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Rev Group 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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Institutional Ownership by Quarter for Rev Group (NYSE:REVG)

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