Zacks Investment Research downgraded shares of Rev Group Inc (NASDAQ:REVG) from a hold rating to a sell rating in a report released on Saturday.
According to Zacks, “REV Group, Inc. designs, manufactures and distributes specialty vehicles, and related aftermarket parts and services. Its operating segment includes Fire & Emergency, Commercial and Recreation. Fire & Emergency segment provides ambulances, fire apparatus, school buses, mobility vans and municipal transit buses. Commercial segment provides industrial and commercial services through terminal trucks, cut-away buses and street sweepers. Recreation segment provides consumer leisure through recreational vehicles and luxury buses. REV Group, Inc. is headquartered in Milwaukee, WI. “
Rev Group (REVG) opened at $24.45 on Friday. Rev Group has a 52 week low of $23.55 and a 52 week high of $31.60.
Rev Group (NASDAQ:REVG) last announced its quarterly earnings data on Thursday, September 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. The company had revenue of $595.60 million for the quarter, compared to the consensus estimate of $619.57 million. Rev Group had a return on equity of 11.25% and a net margin of 2.55%. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Tuesday, October 31st will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Monday, October 30th.
In related news, Director Kim A. Marvin sold 40,263 shares of the business’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $26.09, for a total value of $1,050,461.67. Following the completion of the sale, the director now directly owns 150,671 shares of the company’s stock, valued at approximately $3,931,006.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Thomas B. Phillips sold 10,000 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $26.73, for a total value of $267,300.00. Following the completion of the sale, the chief operating officer now directly owns 10,000 shares of the company’s stock, valued at $267,300. The disclosure for this sale can be found here. Insiders sold a total of 51,248 shares of company stock valued at $1,343,460 over the last ninety days.
A number of institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. bought a new stake in Rev Group in the 3rd quarter valued at about $128,000. Bluestein R H & Co. bought a new stake in Rev Group in the 3rd quarter valued at about $230,000. Private Advisor Group LLC bought a new stake in Rev Group in the 3rd quarter valued at about $224,000. Invictus RG bought a new stake in Rev Group in the 3rd quarter valued at about $305,000. Finally, Stifel Financial Corp increased its position in Rev Group by 83.9% in the 3rd quarter. Stifel Financial Corp now owns 65,153 shares of the company’s stock valued at $1,890,000 after buying an additional 29,718 shares in the last quarter.
Rev Group Company Profile
REV Group, Inc is a designer, manufacturer and distributor of specialty vehicles and related aftermarket parts and services. The Company operates through three segments: Fire & Emergency, Commercial and Recreation. The Company provides customized vehicle solutions for applications, including essential needs (ambulances, fire apparatus, school buses, mobility vans and municipal transit buses), industrial and commercial (terminal trucks, cut-away buses and street sweepers) and consumer leisure (recreational vehicles (RVs) and luxury buses).
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