Principal Financial Group Inc. Purchases 30,262 Shares of REV Group, Inc. (NYSE:REVG)

Principal Financial Group Inc. boosted its stake in REV Group, Inc. (NYSE:REVG - Free Report) by 151.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,252 shares of the company's stock after purchasing an additional 30,262 shares during the period. Principal Financial Group Inc. owned approximately 0.10% of REV Group worth $1,410,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of REV Group by 56.3% during the 1st quarter. Vanguard Group Inc. now owns 4,714,060 shares of the company's stock valued at $104,134,000 after acquiring an additional 1,698,502 shares during the period. Kennedy Capital Management LLC grew its position in shares of REV Group by 161.8% during the 1st quarter. Kennedy Capital Management LLC now owns 947,919 shares of the company's stock valued at $20,940,000 after acquiring an additional 585,841 shares during the period. Hennessy Advisors Inc. purchased a new position in shares of REV Group during the 2nd quarter valued at $9,535,000. AYAL Capital Advisors Ltd purchased a new position in shares of REV Group during the 2nd quarter valued at $6,558,000. Finally, Zimmer Partners LP purchased a new position in shares of REV Group during the 1st quarter valued at $5,086,000.

REV Group Price Performance

REVG stock traded up $1.09 during mid-day trading on Friday, hitting $30.91. The company had a trading volume of 317,912 shares, compared to its average volume of 471,584. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 7.38 and a beta of 1.59. REV Group, Inc. has a 12-month low of $14.87 and a 12-month high of $31.85. The company has a quick ratio of 0.57, a current ratio of 1.85 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average price of $28.24 and a 200 day moving average price of $27.42.

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

REV Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.65%. The ex-dividend date was Friday, September 27th. REV Group's dividend payout ratio is 4.77%.

Analyst Ratings Changes

REVG has been the topic of a number of analyst reports. StockNews.com cut shares of REV Group from a "buy" rating to a "hold" rating in a research note on Thursday, September 5th. DA Davidson restated a "buy" rating and set a $33.00 target price on shares of REV Group in a research note on Thursday, September 5th. Finally, The Goldman Sachs Group lifted their target price on shares of REV Group from $22.00 to $25.00 and gave the company a "sell" rating in a research note on Thursday, September 5th.

About REV Group

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.