Short Interest in REV Group, Inc. (NYSE:REVG) Rises By 25.3%

REV Group, Inc. (NYSE:REVG) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 2,720,000 shares, a growth of 25.3% from the February 28th total of 2,170,000 shares. Based on an average daily volume of 612,800 shares, the days-to-cover ratio is currently 4.4 days. Approximately 5.4% of the shares of the stock are short sold.

REV Group Trading Up 1.9 %

REVG stock traded up $0.61 during trading on Wednesday, reaching $32.81. 533,196 shares of the stock were exchanged, compared to its average volume of 704,393. The business has a 50 day moving average price of $32.15 and a 200-day moving average price of $30.85. REV Group has a 1 year low of $20.51 and a 1 year high of $36.00. The company has a current ratio of 1.72, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 7.31 and a beta of 1.21.

REV Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders 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 (DPR) is 13.48%.

Insiders Place Their Bets

In other REV Group news, CAO Joseph Ladue sold 4,533 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $32.21, for a total transaction of $146,007.93. Following the completion of the transaction, the chief accounting officer now directly owns 20,442 shares in the company, valued at approximately $658,436.82. This represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On REV Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. New Age Alpha Advisors LLC purchased a new stake in REV Group in the 4th quarter valued at about $40,000. McIlrath & Eck LLC lifted its stake in REV Group by 31.5% during the fourth quarter. McIlrath & Eck LLC now owns 1,435 shares of the company’s stock worth $46,000 after purchasing an additional 344 shares in the last quarter. Pictet Asset Management Holding SA purchased a new position in shares of REV Group during the fourth quarter worth $202,000. Cerity Partners LLC acquired a new stake in shares of REV Group in the fourth quarter valued at $205,000. Finally, Bridgefront Capital LLC purchased a new stake in shares of REV Group in the 4th quarter valued at $216,000.

Analyst Ratings Changes

A number of research analysts recently weighed in on REVG shares. Robert W. Baird raised their price target on shares of REV Group from $32.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. DA Davidson raised their price objective on REV Group from $33.00 to $39.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, The Goldman Sachs Group upped their target price 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price 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.