Teacher Retirement System of Texas bought a new position in Rev Group Inc (NYSE:REVG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,873 shares of the company’s stock, valued at approximately $321,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Aip LLC purchased a new position in Rev Group in the fourth quarter valued at about $1,098,678,000. Mesirow Financial Investment Management Equity Management purchased a new position in Rev Group in the fourth quarter valued at about $21,347,000. Emerald Advisers Inc. PA purchased a new position in Rev Group in the fourth quarter valued at about $20,214,000. Ameriprise Financial Inc. raised its position in Rev Group by 65.5% in the third quarter. Ameriprise Financial Inc. now owns 818,807 shares of the company’s stock valued at $23,544,000 after purchasing an additional 323,958 shares during the period. Finally, Bamco Inc. NY raised its position in Rev Group by 40.0% in the third quarter. Bamco Inc. NY now owns 1,050,000 shares of the company’s stock valued at $30,198,000 after purchasing an additional 300,000 shares during the period. 95.40% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently weighed in on the company. Zacks Investment Research downgraded Rev Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 28th. SunTrust Banks raised their target price on Rev Group to $39.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Stifel Nicolaus raised their target price on Rev Group from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, December 21st. Morgan Stanley assumed coverage on Rev Group in a research note on Friday, March 2nd. They set an “equal weight” rating and a $32.00 target price for the company. Finally, Credit Suisse Group restated an “outperform” rating and set a $32.00 target price (down from $36.00) on shares of Rev Group in a research note on Friday, March 9th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Rev Group currently has an average rating of “Buy” and a consensus target price of $31.71.
Shares of Rev Group stock opened at $21.66 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.75 and a current ratio of 2.19. The firm has a market capitalization of $1,383.78, a PE ratio of 26.41, a PEG ratio of 0.85 and a beta of 0.62. Rev Group Inc has a 52 week low of $20.63 and a 52 week high of $33.15.
Rev Group (NYSE:REVG) last posted its quarterly earnings results on Wednesday, March 7th. The company reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.06. The business had revenue of $514.90 million during 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 company’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period last year, the firm earned $0.11 earnings per share. sell-side analysts predict that Rev Group Inc will post 1.63 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 31st. Investors of record on Monday, April 30th will be paid a $0.05 dividend. The ex-dividend date is Friday, April 27th. This represents a $0.20 dividend on an annualized basis and a yield of 0.92%. Rev Group’s dividend payout ratio (DPR) is 73.17%.
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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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