Rev Group Inc (REVG) Director Joel M. Rotroff Sells 985 Shares
Rev Group Inc (NASDAQ:REVG) Director Joel M. Rotroff sold 985 shares of Rev Group stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $26.09, for a total value of $25,698.65. Following the sale, the director now directly owns 3,205 shares of the company’s stock, valued at $83,618.45. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Rev Group Inc (REVG) traded up 0.68% during trading on Friday, reaching $26.58. The company’s stock had a trading volume of 906,539 shares. Rev Group Inc has a 52-week low of $23.55 and a 52-week high of $31.60. The stock has a market cap of $1.70 billion and a P/E ratio of 82.55. The stock has a 50-day moving average of $27.53 and a 200-day moving average of $27.16.
Rev Group (NASDAQ:REVG) last announced its quarterly earnings data on Thursday, September 7th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.05. Rev Group had a return on equity of 11.25% and a net margin of 2.55%. The business had revenue of $595.60 million during the quarter, compared to analyst estimates of $619.57 million. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. Analysts predict that Rev Group Inc will post $1.19 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Tuesday, October 31st will be given a dividend of $0.05 per share. The ex-dividend date is Monday, October 30th. This represents a $0.20 annualized dividend and a dividend yield of 0.75%.
Separately, Zacks Investment Research cut Rev Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Rev Group presently has an average rating of “Buy” and an average target price of $32.00.
Several large investors have recently bought and sold shares of REVG. JPMorgan Chase & Co. purchased a new stake in shares of Rev Group during the first quarter worth $225,000. Virtu KCG Holdings LLC purchased a new stake in shares of Rev Group during the second quarter worth $249,000. Susquehanna International Group LLP purchased a new stake in shares of Rev Group during the second quarter worth $268,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Rev Group during the second quarter worth $276,000. Finally, Rhumbline Advisers purchased a new stake in shares of Rev Group during the second quarter worth $402,000.
About Rev Group
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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