REV Group, Inc. (NYSE:REVG) Short Interest Update

REV Group, Inc. (NYSE:REVG - Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 2,720,000 shares, an increase of 25.3% from the February 28th total of 2,170,000 shares. Based on an average daily volume of 612,800 shares, the short-interest ratio is presently 4.4 days. Approximately 5.4% of the shares of the stock are short sold.

Insiders Place Their Bets

In other REV Group news, CAO Joseph Ladue sold 4,533 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $32.21, for a total transaction of $146,007.93. Following the transaction, the chief accounting officer now directly owns 20,442 shares in the company, valued at $658,436.82. This trade represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.70% of the company's stock.

Institutional Trading of REV Group

A number of institutional investors have recently modified their holdings of the company. New Age Alpha Advisors LLC bought a new position in REV Group during the 4th quarter valued at approximately $40,000. McIlrath & Eck LLC increased its stake in shares of REV Group by 31.5% during the fourth quarter. McIlrath & Eck LLC now owns 1,435 shares of the company's stock valued at $46,000 after buying an additional 344 shares during the period. Pictet Asset Management Holding SA bought a new position in shares of REV Group during the fourth quarter valued at approximately $202,000. Cerity Partners LLC bought a new position in shares of REV Group during the fourth quarter valued at approximately $205,000. Finally, RD Lewis Holdings Inc. purchased a new stake in REV Group in the fourth quarter worth $228,000.

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Analysts Set New Price Targets

Several research firms recently commented on REVG. DA Davidson increased their target price on shares of REV Group from $33.00 to $39.00 and gave the company a "buy" rating in a report on Friday, December 13th. Robert W. Baird upped their price target on shares of REV Group from $32.00 to $38.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group lifted their price objective on REV Group from $25.00 to $28.50 and gave the stock a "sell" rating in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $33.75.

REV Group Trading Down 1.7 %

Shares of REV Group stock traded down $0.52 on Friday, hitting $29.21. The stock had a trading volume of 1,373,319 shares, compared to its average volume of 698,567. The company has a quick ratio of 0.43, a current ratio of 1.72 and a debt-to-equity ratio of 0.20. REV Group has a one year low of $20.51 and a one year high of $36.00. The stock's 50-day simple moving average is $31.92 and its two-hundred day simple moving average is $30.89. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 6.51 and a beta of 1.21.

REV Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Friday, March 28th. REV Group's dividend payout ratio (DPR) is 13.48%.

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.