REV Group (NYSE:REVG) Shares Down 4.6%

REV Group, Inc. (NYSE:REVG)’s share price was down 4.6% during trading on Tuesday . The company traded as low as $18.54 and last traded at $18.68. Approximately 5,909 shares were traded during trading, a decline of 98% from the average daily volume of 355,332 shares. The stock had previously closed at $19.59.

A number of equities research analysts recently commented on REVG shares. Zacks Investment Research upgraded REV Group from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Tuesday, March 16th. TheStreet upgraded shares of REV Group from a “d+” rating to a “c-” rating in a research note on Thursday, March 4th. Jefferies Financial Group downgraded shares of REV Group from a “buy” rating to a “hold” rating and set a $10.00 target price for the company. in a research report on Thursday, December 10th. Morgan Stanley increased their price target on REV Group from $10.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 17th. Finally, Robert W. Baird boosted their price objective on REV Group from $10.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday, March 4th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $14.43.

The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of -37.47 and a beta of 2.67. The firm has a fifty day simple moving average of $16.22 and a 200 day simple moving average of $10.96. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.82 and a quick ratio of 0.61.

REV Group (NYSE:REVG) last posted its quarterly earnings data on Tuesday, March 9th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.08. The business had revenue of $554.00 million for the quarter, compared to the consensus estimate of $533.75 million. REV Group had a negative net margin of 1.35% and a positive return on equity of 0.75%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.04) earnings per share. Research analysts predict that REV Group, Inc. will post 0.63 EPS for the current year.

In other news, CFO Jr. Mark A. Skonieczny acquired 10,000 shares of REV Group stock in a transaction that occurred on Wednesday, January 13th. The stock was purchased at an average cost of $9.10 per share, with a total value of $91,000.00. Following the purchase, the chief financial officer now owns 186,108 shares in the company, valued at $1,693,582.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Christopher M. Daniels acquired 5,500 shares of the firm’s stock in a transaction on Thursday, January 14th. The stock was purchased at an average price of $9.08 per share, for a total transaction of $49,940.00. Following the acquisition, the insider now directly owns 132,120 shares in the company, valued at approximately $1,199,649.60. The disclosure for this purchase can be found here. Insiders purchased a total of 32,250 shares of company stock worth $442,105 over the last ninety days. 3.40% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of REVG. First Trust Advisors LP grew its stake in REV Group by 64.9% during the 1st quarter. First Trust Advisors LP now owns 170,323 shares of the company’s stock valued at $1,865,000 after acquiring an additional 67,052 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of REV Group by 132.0% in the third quarter. Wells Fargo & Company MN now owns 390,020 shares of the company’s stock valued at $3,077,000 after purchasing an additional 221,937 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of REV Group by 2.3% in the third quarter. California Public Employees Retirement System now owns 61,626 shares of the company’s stock valued at $486,000 after purchasing an additional 1,400 shares during the last quarter. Aperio Group LLC lifted its position in REV Group by 4.4% during the third quarter. Aperio Group LLC now owns 29,939 shares of the company’s stock worth $236,000 after buying an additional 1,257 shares in the last quarter. Finally, UBS Asset Management Americas Inc. acquired a new position in REV Group during the third quarter worth $86,000. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

About REV Group (NYSE:REVG)

REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, the Latin America, the Caribbean, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment offers various fire apparatus and ambulance products for municipalities and private contractors.

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