REV Group Inc (NYSE:REVG) was the recipient of a significant increase in short interest in the month of March. As of March 29th, there was short interest totalling 3,041,758 shares, an increase of 61.5% from the March 15th total of 1,882,990 shares. Based on an average daily trading volume, of 993,201 shares, the days-to-cover ratio is currently 3.1 days. Approximately 10.5% of the shares of the company are short sold.

A number of analysts recently issued reports on the company. Credit Suisse Group reiterated an “outperform” rating and set a $32.00 price objective (down from $36.00) on shares of REV Group in a research note on Friday, March 9th. Zacks Investment Research upgraded REV Group from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective on the stock in a research note on Tuesday, December 26th. Morgan Stanley assumed coverage on REV Group in a research note on Friday, March 2nd. They set an “equal weight” rating and a $32.00 price objective on the stock. Stifel Nicolaus set a $35.00 price objective on REV Group and gave the company a “buy” rating in a research note on Thursday, March 8th. Finally, Wells Fargo lowered REV Group from an “outperform” rating to a “market perform” rating and set a $26.00 price objective on the stock. in a research note on Friday, March 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $31.29.

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REV Group stock opened at $20.20 on Tuesday. REV Group has a 52 week low of $19.53 and a 52 week high of $33.15. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.19 and a quick ratio of 0.75. The stock has a market cap of $1,277.93, a P/E ratio of 21.49, a price-to-earnings-growth ratio of 0.78 and a beta of 1.73.

REV Group (NYSE:REVG) last posted its earnings results on Wednesday, March 7th. The company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.06. REV Group had a return on equity of 13.93% and a net margin of 2.31%. The business had revenue of $514.90 million during the quarter, compared to analysts’ expectations of $513.04 million. During the same period in the previous year, the business earned $0.11 earnings per share. The firm’s revenue was up 16.3% on a year-over-year basis. equities research analysts predict that REV Group will post 1.63 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 31st. Investors of record on Monday, April 30th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.99%. The ex-dividend date is Friday, April 27th. REV Group’s payout ratio is 63.83%.

In other news, CEO Timothy W. Sullivan bought 100,000 shares of the stock in a transaction on Tuesday, March 13th. The shares were purchased at an average cost of $22.53 per share, for a total transaction of $2,253,000.00. Following the completion of the purchase, the chief executive officer now directly owns 108,620 shares in the company, valued at approximately $2,447,208.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 4.00% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. purchased a new position in REV Group during the third quarter worth about $128,000. Virtu Financial LLC purchased a new position in REV Group during the fourth quarter worth about $209,000. Gotham Asset Management LLC purchased a new position in REV Group during the fourth quarter worth about $318,000. Teacher Retirement System of Texas purchased a new position in REV Group during the fourth quarter worth about $321,000. Finally, Stone Ridge Asset Management LLC purchased a new position in REV Group during the fourth quarter worth about $362,000. Institutional investors and hedge funds own 95.40% of the company’s stock.

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About REV Group

REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment offers a range of fire apparatus and ambulance products for municipal fire departments, EMS providers, and private fleets through dealers.

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