Rev Group Inc (REVG) COO Sells $267,300.00 in Stock
Rev Group Inc (NASDAQ:REVG) COO Thomas B. Phillips sold 10,000 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $26.73, for a total transaction of $267,300.00. Following the transaction, the chief operating officer now owns 10,000 shares in the company, valued at approximately $267,300. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Rev Group Inc (NASDAQ:REVG) traded up 1.70% on Friday, reaching $26.92. 281,633 shares of the company traded hands. The stock has a market cap of $1.72 billion and a price-to-earnings ratio of 83.60. Rev Group Inc has a 52-week low of $24.50 and a 52-week high of $29.17. The stock has a 50 day moving average of $26.41 and a 200 day moving average of $27.45.
Rev Group (NASDAQ:REVG) last issued its quarterly earnings data on Thursday, September 7th. The company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.05. The company had revenue of $595.60 million for the quarter, compared to analyst estimates of $619.57 million. Rev Group had a net margin of 2.55% and a return on equity of 11.25%. The firm’s revenue was up 12.8% compared to the same quarter last year. On average, analysts expect that Rev Group Inc will post $1.19 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Tuesday, October 31st will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Monday, October 30th.
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Several hedge funds have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. grew its stake in shares of Rev Group by 0.8% in the second quarter. Macquarie Group Ltd. now owns 69,289 shares of the company’s stock valued at $1,918,000 after acquiring an additional 527 shares in the last quarter. TD Asset Management Inc. grew its stake in shares of Rev Group by 4.6% in the second quarter. TD Asset Management Inc. now owns 22,619 shares of the company’s stock valued at $626,000 after acquiring an additional 1,000 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Rev Group by 3.9% in the second quarter. Bank of New York Mellon Corp now owns 42,565 shares of the company’s stock valued at $1,178,000 after acquiring an additional 1,592 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of Rev Group by 0.8% in the second quarter. Schroder Investment Management Group now owns 376,843 shares of the company’s stock valued at $10,552,000 after acquiring an additional 2,874 shares in the last quarter. Finally, Strs Ohio acquired a new position in shares of Rev Group in the first quarter valued at about $102,000.
Separately, Zacks Investment Research downgraded shares of Rev Group from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Rev Group presently has an average rating of “Buy” and a consensus target price of $32.00.
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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