REV Group, Inc. (NYSE:REVG) Short Interest Update

REV Group, Inc. (NYSE:REVG) was the recipient of a significant 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 company’s stock are sold short. Based on an average daily volume of 612,800 shares, the short-interest ratio is presently 4.4 days.

REV Group Stock Performance

Shares of REV Group stock traded up $0.58 during mid-day trading on Tuesday, hitting $32.18. 639,692 shares of the stock were exchanged, compared to its average volume of 708,109. The company has a market capitalization of $1.66 billion, a P/E ratio of 7.17 and a beta of 1.56. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.72. The company has a 50-day simple moving average of $32.27 and a 200 day simple moving average of $30.80. REV Group has a 12 month low of $20.51 and a 12 month high of $36.00.

REV Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, March 28th. REV Group’s dividend payout ratio is presently 13.48%.

Insider Buying and Selling at REV Group

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

Institutional Investors Weigh In On REV Group

Hedge funds have recently made changes to their positions in the business. New Age Alpha Advisors LLC bought a new position in REV Group during the fourth quarter valued at about $40,000. McIlrath & Eck LLC boosted its stake in REV Group by 31.5% in the fourth quarter. McIlrath & Eck LLC now owns 1,435 shares of the company’s stock valued at $46,000 after acquiring an additional 344 shares during the last quarter. Pictet Asset Management Holding SA purchased a new position in REV Group in the fourth quarter valued at about $202,000. Cerity Partners LLC bought a new position in shares of REV Group during the 4th quarter valued at approximately $205,000. Finally, RD Lewis Holdings Inc. purchased a new stake in shares of REV Group during the 4th quarter worth approximately $228,000.

Analysts Set New Price Targets

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

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.