REV Group, Inc. (NYSE:REVG) Sees Large Growth in Short Interest

REV Group, Inc. (NYSE:REVG) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 2,720,000 shares, an increase of 25.3% from the February 28th total of 2,170,000 shares. Approximately 5.4% of the shares of the stock are short sold. Based on an average trading volume of 612,800 shares, the days-to-cover ratio is presently 4.4 days.

Analyst Ratings Changes

A number of research firms recently commented on REVG. Robert W. Baird lifted their price objective on shares of REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. DA Davidson upped their price target on REV Group from $33.00 to $39.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, The Goldman Sachs Group raised their price objective on REV Group from $25.00 to $28.50 and gave the stock a “sell” rating in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, REV Group currently has a consensus rating of “Hold” and a consensus price target of $33.75.

REV Group Price Performance

Shares of NYSE:REVG opened at $32.81 on Thursday. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 7.31 and a beta of 1.21. REV Group has a 1 year low of $20.51 and a 1 year high of $36.00. The company has a current ratio of 1.72, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $32.15 and a 200 day simple moving average of $30.85.

REV Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.73%. REV Group’s dividend payout ratio is 13.48%.

Insider Transactions at REV Group

In other REV Group news, CAO Joseph Ladue sold 4,533 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $32.21, for a total transaction of $146,007.93. Following the completion of the sale, the chief accounting officer now directly owns 20,442 shares of the company’s stock, valued at approximately $658,436.82. This represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On REV Group

Hedge funds have recently added to or reduced their stakes in the company. McIlrath & Eck LLC increased its stake in shares of REV Group by 31.5% during the 4th quarter. McIlrath & Eck LLC now owns 1,435 shares of the company’s stock worth $46,000 after purchasing an additional 344 shares during the last quarter. Bank of Montreal Can lifted its position in shares of REV Group by 9.1% in the fourth quarter. Bank of Montreal Can now owns 8,182 shares of the company’s stock worth $261,000 after buying an additional 682 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of REV Group by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 99,636 shares of the company’s stock worth $2,776,000 after acquiring an additional 766 shares in the last quarter. Vident Advisory LLC boosted its stake in shares of REV Group by 5.2% during the 4th quarter. Vident Advisory LLC now owns 16,348 shares of the company’s stock worth $521,000 after acquiring an additional 805 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of REV Group by 2.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 30,700 shares of the company’s stock valued at $978,000 after acquiring an additional 859 shares during the last quarter.

REV Group Company 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.