Rev Group (REVG) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of Rev Group (NYSE:REVG) from a strong-buy rating to a hold rating in a research report released on Thursday.

According to Zacks, “REV Group, Inc. designs, manufactures and distributes specialty vehicles, and related aftermarket parts and services. Its operating segment includes Fire & Emergency, Commercial and Recreation. Fire & Emergency segment provides ambulances, fire apparatus, school buses, mobility vans and municipal transit buses. Commercial segment provides industrial and commercial services through terminal trucks, cut-away buses and street sweepers. Recreation segment provides consumer leisure through recreational vehicles and luxury buses. REV Group, Inc. is headquartered in Milwaukee, WI. “

Other research analysts also recently issued reports about the company. SunTrust Banks began coverage on Rev Group in a report on Friday, November 17th. They set a buy rating and a $33.00 price objective on the stock. Stifel Nicolaus raised their price objective on Rev Group from $33.00 to $36.00 and gave the stock a buy rating in a report on Thursday, December 21st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $33.10.

Rev Group (NYSE REVG) opened at $32.53 on Thursday. The company has a market capitalization of $2,086.67 and a price-to-earnings ratio of 77.45. Rev Group has a fifty-two week low of $23.38 and a fifty-two week high of $32.82. The company has a current ratio of 1.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.40.

Rev Group (NYSE:REVG) last released its quarterly earnings data on Tuesday, December 19th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.01). The firm had revenue of $683.90 million for the quarter, compared to analysts’ expectations of $705.73 million. Rev Group had a return on equity of 12.17% and a net margin of 1.38%. The business’s quarterly revenue was up 25.5% on a year-over-year basis. equities analysts predict that Rev Group will post 1.69 earnings per share for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Friday, January 26th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, January 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.84%. Rev Group’s dividend payout ratio is presently 142.86%.

In other news, Director Joel M. Rotroff sold 985 shares of Rev Group stock in a transaction on Friday, October 27th. The stock was sold at an average price of $26.09, for a total value of $25,698.65. Following the transaction, the director now directly owns 3,205 shares in the company, valued at approximately $83,618.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kim A. Marvin sold 40,263 shares of Rev Group stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $26.09, for a total value of $1,050,461.67. Following the completion of the transaction, the director now owns 150,671 shares in the company, valued at $3,931,006.39. The disclosure for this sale can be found here.

Large investors have recently made changes to their positions in the company. Argent Capital Management LLC purchased a new position in shares of Rev Group in the 2nd quarter valued at $2,581,000. Royal Bank of Canada increased its holdings in shares of Rev Group by 6,218.1% in 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 increased its holdings in shares of Rev Group by 58.7% in 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. increased its holdings in shares of Rev Group by 100.2% in 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 increased its holdings in shares of Rev Group by 11.7% in 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. Institutional investors and hedge funds own 24.98% of the company’s stock.

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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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