Rev Group Inc (NYSE:REVG) CFO Dean J. Nolden Purchases 15,000 Shares of Stock

Rev Group Inc (NYSE:REVG) CFO Dean J. Nolden acquired 15,000 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were bought at an average cost of $5.72 per share, with a total value of $85,800.00. Following the completion of the acquisition, the chief financial officer now directly owns 156,100 shares of the company’s stock, valued at $892,892. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

NYSE REVG traded up $0.04 during trading hours on Thursday, hitting $4.39. 7,018 shares of the company’s stock traded hands, compared to its average volume of 270,803. The business’s fifty day moving average price is $8.05 and its two-hundred day moving average price is $10.96. The company has a current ratio of 2.09, a quick ratio of 0.79 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $283.40 million, a P/E ratio of -40.36, a P/E/G ratio of 0.81 and a beta of 2.82. Rev Group Inc has a 52 week low of $4.17 and a 52 week high of $14.99.

Rev Group (NYSE:REVG) last posted its quarterly earnings results on Wednesday, March 4th. The company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). The firm had revenue of $532.10 million during the quarter, compared to the consensus estimate of $504.52 million. Rev Group had a positive return on equity of 4.54% and a negative net margin of 0.30%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.05) earnings per share. On average, sell-side analysts expect that Rev Group Inc will post 0.53 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, April 30th will be given a $0.05 dividend. The ex-dividend date is Wednesday, April 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.56%. Rev Group’s payout ratio is currently 50.00%.

Several institutional investors and hedge funds have recently bought and sold shares of REVG. Great West Life Assurance Co. Can purchased a new stake in Rev Group during the fourth quarter valued at $25,000. Marshall Wace North America L.P. purchased a new position in shares of Rev Group during the 4th quarter worth $70,000. Strs Ohio purchased a new position in shares of Rev Group during the 4th quarter worth $85,000. Bank of Montreal Can raised its holdings in shares of Rev Group by 16.1% during the 4th quarter. Bank of Montreal Can now owns 7,274 shares of the company’s stock worth $88,000 after acquiring an additional 1,010 shares during the period. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Rev Group during the 3rd quarter worth $84,000. Institutional investors and hedge funds own 99.21% of the company’s stock.

Several research analysts have recently weighed in on the stock. Deutsche Bank boosted their price objective on shares of Rev Group from $9.00 to $12.00 and gave the company a “hold” rating in a report on Friday, December 20th. Robert W. Baird cut their target price on shares of Rev Group from $14.00 to $8.00 and set an “outperform” rating for the company in a research report on Tuesday. Morgan Stanley cut their target price on shares of Rev Group from $8.50 to $6.50 and set an “underweight” rating for the company in a research report on Tuesday, March 17th. Credit Suisse Group restated a “hold” rating and set a $8.00 target price on shares of Rev Group in a research report on Monday. Finally, Zacks Investment Research upgraded shares of Rev Group from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $7.93.

About Rev Group

REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, Latin America, the Caribbean, 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 municipalities and private contractors.

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