REV Group, Inc. (NYSE:REVG) Short Interest Up 25.3% in March

REV Group, Inc. (NYSE:REVG) was the target of a significant increase in short interest in the month of 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 days-to-cover ratio is presently 4.4 days.

Insider Activity

In other REV Group news, CAO Joseph Ladue sold 4,533 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $32.21, for a total transaction of $146,007.93. Following the sale, the chief accounting officer now owns 20,442 shares in the company, valued at $658,436.82. This represents a 18.15 % decrease in their position. 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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC increased its position in shares of REV Group by 26.7% during the fourth quarter. FMR LLC now owns 7,819,739 shares of the company’s stock worth $249,215,000 after purchasing an additional 1,646,293 shares in the last quarter. Vanguard Group Inc. increased its position in REV Group by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 5,238,928 shares of the company’s stock worth $166,965,000 after buying an additional 39,323 shares during the period. Invesco Ltd. lifted its stake in REV Group by 43.4% in the fourth quarter. Invesco Ltd. now owns 1,731,557 shares of the company’s stock valued at $55,185,000 after buying an additional 524,369 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of REV Group by 6.1% in the fourth quarter. Geode Capital Management LLC now owns 1,384,108 shares of the company’s stock valued at $44,121,000 after acquiring an additional 79,243 shares during the period. Finally, State Street Corp grew its position in shares of REV Group by 3.3% during the third quarter. State Street Corp now owns 1,089,130 shares of the company’s stock worth $30,615,000 after acquiring an additional 35,066 shares during the last quarter.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Robert W. Baird upped their target price on shares of REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. The Goldman Sachs Group boosted their price target on shares of REV Group from $25.00 to $28.50 and gave the stock a “sell” rating in a report on Thursday, December 12th. Finally, DA Davidson raised their price objective on shares of REV Group from $33.00 to $39.00 and gave the company a “buy” rating in a report on Friday, December 13th. One 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $33.75.

REV Group Stock Up 1.9 %

REVG traded up $0.61 on Wednesday, reaching $32.81. The company’s stock had a trading volume of 533,196 shares, compared to its average volume of 704,393. The company has a quick ratio of 0.43, a current ratio of 1.72 and a debt-to-equity ratio of 0.20. REV Group has a fifty-two week low of $20.51 and a fifty-two week high of $36.00. The stock has a 50 day moving average of $32.15 and a two-hundred day moving average of $30.85. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 7.31 and a beta of 1.21.

REV Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, March 28th. This represents a $0.24 annualized dividend and a yield of 0.73%. REV Group’s dividend payout ratio is currently 13.48%.

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.