GSA Capital Partners LLP Makes New Investment in REV Group, Inc. (NYSE:REVG)

GSA Capital Partners LLP bought a new position in REV Group, Inc. (NYSE:REVG) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 47,496 shares of the company’s stock, valued at approximately $1,049,000. GSA Capital Partners LLP owned 0.09% of REV Group at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale acquired a new stake in REV Group in the fourth quarter worth $39,000. New York State Teachers Retirement System acquired a new position in shares of REV Group during the first quarter valued at $63,000. AJOVista LLC acquired a new position in shares of REV Group during the fourth quarter valued at $68,000. Pinnacle Associates Ltd. increased its holdings in shares of REV Group by 6.9% during the fourth quarter. Pinnacle Associates Ltd. now owns 59,763 shares of the company’s stock valued at $1,086,000 after purchasing an additional 3,853 shares during the period. Finally, New York State Common Retirement Fund increased its holdings in shares of REV Group by 7.8% during the fourth quarter. New York State Common Retirement Fund now owns 76,132 shares of the company’s stock valued at $1,383,000 after purchasing an additional 5,495 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on REVG. StockNews.com lowered REV Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 25th. The Goldman Sachs Group raised their price objective on REV Group from $18.00 to $20.00 and gave the stock a “sell” rating in a research report on Tuesday, April 16th. Finally, Morgan Stanley assumed coverage on REV Group in a research note on Tuesday, June 11th. They set an “equal weight” rating and a $29.50 price target for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, REV Group currently has an average rating of “Hold” and an average price target of $20.50.

REV Group Stock Performance

NYSE REVG traded up $0.10 during trading on Wednesday, hitting $24.61. The company’s stock had a trading volume of 74,130 shares, compared to its average volume of 854,606. The company has a quick ratio of 0.53, a current ratio of 1.75 and a debt-to-equity ratio of 0.58. The firm has a 50 day moving average price of $25.76 and a 200 day moving average price of $21.74. The firm has a market cap of $1.28 billion, a P/E ratio of 5.99 and a beta of 1.61. REV Group, Inc. has a 52 week low of $12.51 and a 52 week high of $28.59.

REV Group (NYSE:REVG) last announced its quarterly earnings data on Wednesday, June 5th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.10. REV Group had a return on equity of 16.85% and a net margin of 9.41%. The company had revenue of $616.90 million for the quarter, compared to analyst estimates of $603.17 million. Equities research analysts forecast that REV Group, Inc. will post 1.45 earnings per share for the current fiscal year.

REV Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Friday, June 28th. REV Group’s payout ratio is presently 4.89%.

REV Group Profile

REV Group, Inc, together with its subsidiaries, designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Canada, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment provides fire apparatus equipment under the Emergency One, Kovatch Mobile Equipment, Ferrara, Spartan Emergency Response, Smeal, Spartan Fire Chassis, and Ladder Tower brand names; and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue, and Wheeled Coach brand names.