Longbow Research initiated coverage on shares of REV Group (NYSE:REVG) in a research report released on Thursday, May 10th, MarketBeat Ratings reports. The firm issued a neutral rating on the stock.
Several other equities research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of REV Group from a hold rating to a sell rating in a research note on Wednesday, May 9th. Stifel Nicolaus set a $29.00 target price on shares of REV Group and gave the company a buy rating in a research note on Monday, May 7th. Robert W. Baird set a $27.00 target price on shares of REV Group and gave the company a buy rating in a research note on Friday, April 13th. TheStreet lowered shares of REV Group from a c- rating to a d+ rating in a research report on Tuesday, April 3rd. Finally, Morgan Stanley set a $32.00 price target on shares of REV Group and gave the stock a hold rating in a research report on Monday, March 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. REV Group currently has an average rating of Hold and an average price target of $30.43.
Shares of NYSE:REVG opened at $18.28 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.19 and a quick ratio of 0.75. REV Group has a 1 year low of $16.79 and a 1 year high of $33.15. The firm has a market capitalization of $1.18 billion, a P/E ratio of 15.36, a price-to-earnings-growth ratio of 0.73 and a beta of 1.83.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 31st. Stockholders of record on Monday, April 30th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Friday, April 27th. REV Group’s payout ratio is 63.83%.
In other news, CEO Timothy W. Sullivan acquired 100,000 shares of the company’s stock in a transaction dated Tuesday, March 13th. The stock was bought at an average price of $22.53 per share, with a total value of $2,253,000.00. Following the completion of the acquisition, the chief executive officer now owns 108,620 shares in the company, valued at approximately $2,447,208.60. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 4.00% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Aip LLC acquired a new stake in shares of REV Group in the fourth quarter valued at approximately $1,098,678,000. Van Berkom & Associates Inc. acquired a new stake in shares of REV Group in the first quarter valued at approximately $69,394,000. BlackRock Inc. increased its holdings in shares of REV Group by 18.9% in the first quarter. BlackRock Inc. now owns 1,812,574 shares of the company’s stock valued at $37,629,000 after purchasing an additional 287,550 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in shares of REV Group by 53.1% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,442,683 shares of the company’s stock valued at $29,950,000 after purchasing an additional 500,633 shares in the last quarter. Finally, Bamco Inc. NY increased its holdings in shares of REV Group by 19.0% in the fourth quarter. Bamco Inc. NY now owns 1,250,000 shares of the company’s stock valued at $40,662,000 after purchasing an additional 200,000 shares in the last quarter. 99.25% of the stock is owned by institutional investors and hedge funds.
REV Group Company Profile
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.
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