Phocas Financial Corp. Lowers Position in REV Group, Inc. (NYSE:REVG)

Phocas Financial Corp. lowered its stake in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 70.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,633 shares of the company's stock after selling 327,909 shares during the quarter. Phocas Financial Corp. owned about 0.26% of REV Group worth $3,806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of REVG. Farther Finance Advisors LLC raised its position in REV Group by 27.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company's stock worth $61,000 after buying an additional 461 shares during the last quarter. Amalgamated Bank boosted its holdings in REV Group by 67.5% in the second quarter. Amalgamated Bank now owns 1,777 shares of the company's stock valued at $44,000 after purchasing an additional 716 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of REV Group by 2.9% in the third quarter. Victory Capital Management Inc. now owns 29,334 shares of the company's stock worth $823,000 after buying an additional 822 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in REV Group by 11.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,806 shares of the company's stock valued at $269,000 after acquiring an additional 1,067 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in REV Group by 21.9% in the 2nd quarter. Arizona State Retirement System now owns 13,800 shares of the company's stock worth $343,000 after purchasing an additional 2,476 shares in the last quarter.

REV Group Price Performance

NYSE REVG traded down $0.40 during mid-day trading on Tuesday, hitting $29.24. The stock had a trading volume of 109,181 shares, compared to its average volume of 773,138. The firm's 50 day moving average is $27.94 and its 200 day moving average is $27.21. REV Group, Inc. has a twelve month low of $14.72 and a twelve month high of $31.85. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.85 and a quick ratio of 0.57. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 7.07 and a beta of 1.59.

REV Group (NYSE:REVG - Get Free Report) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.06. REV Group had a return on equity of 18.69% and a net margin of 9.92%. The firm had revenue of $579.40 million for the quarter, compared to analysts' expectations of $618.70 million. During the same quarter in the previous year, the firm posted $0.31 EPS. The firm's revenue for the quarter was down 14.8% on a year-over-year basis. Equities research analysts forecast that REV Group, Inc. will post 1.42 earnings per share for the current fiscal year.

REV Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.68%. REV Group's dividend payout ratio (DPR) is presently 4.77%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on REVG shares. StockNews.com lowered shares of REV Group from a "buy" rating to a "hold" rating in a research note on Thursday, September 5th. The Goldman Sachs Group increased their price objective on shares of REV Group from $22.00 to $25.00 and gave the company a "sell" rating in a report on Thursday, September 5th. Finally, DA Davidson reissued a "buy" rating and set a $33.00 target price on shares of REV Group in a research note on Thursday, September 5th.

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.