Rhumbline Advisers Buys 18,361 Shares of REV Group, Inc. (NYSE:REVG)

Rhumbline Advisers increased its holdings in shares of REV Group, Inc. (NYSE:REVG) by 35.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 69,755 shares of the company’s stock after acquiring an additional 18,361 shares during the period. Rhumbline Advisers’ holdings in REV Group were worth $1,736,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of REV Group by 11.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,806 shares of the company’s stock valued at $269,000 after acquiring an additional 1,067 shares during the period. New York State Teachers Retirement System acquired a new position in shares of REV Group in the 1st quarter valued at about $63,000. CWM LLC raised its holdings in REV Group by 525.6% in the 2nd quarter. CWM LLC now owns 4,010 shares of the company’s stock worth $100,000 after purchasing an additional 3,369 shares during the period. Principal Financial Group Inc. raised its holdings in REV Group by 29.5% in the 2nd quarter. Principal Financial Group Inc. now owns 19,990 shares of the company’s stock worth $498,000 after purchasing an additional 4,559 shares during the period. Finally, Public Employees Retirement System of Ohio raised its holdings in REV Group by 17.8% in the 1st quarter. Public Employees Retirement System of Ohio now owns 31,006 shares of the company’s stock worth $685,000 after purchasing an additional 4,688 shares during the period.

REV Group Stock Performance

NYSE:REVG opened at $27.63 on Friday. The business’s fifty day moving average price is $27.98 and its 200 day moving average price is $25.13. The firm has a market capitalization of $1.44 billion, a PE ratio of 6.76 and a beta of 1.59. REV Group, Inc. has a 12 month low of $14.04 and a 12 month high of $31.85. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.85 and a quick ratio of 0.57.

REV Group (NYSE:REVG) last released its earnings results on Wednesday, September 4th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. The business had revenue of $579.40 million for the quarter, compared to analyst estimates of $618.70 million. REV Group had a return on equity of 18.69% and a net margin of 9.92%. The company’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 earnings per share. On average, sell-side analysts anticipate that REV Group, Inc. will post 1.42 earnings per share for the current fiscal year.

REV Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.20 annualized dividend and a yield of 0.72%. REV Group’s dividend payout ratio (DPR) is currently 4.89%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. StockNews.com cut REV Group from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. DA Davidson reiterated a “buy” rating and issued a $33.00 price objective on shares of REV Group in a report on Thursday, September 5th. The Goldman Sachs Group upped their price target on REV Group from $22.00 to $25.00 and gave the stock a “sell” rating in a research note on Thursday, September 5th. Finally, Morgan Stanley began coverage on REV Group in a research note on Tuesday, June 11th. They set an “equal weight” rating and a $29.50 price target on the stock.

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.