Rev Group Inc (REVG) Position Lowered by Federated Investors Inc. PA
Federated Investors Inc. PA cut its stake in shares of Rev Group Inc (NASDAQ:REVG) by 45.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 314,900 shares of the company’s stock after selling 261,600 shares during the period. Federated Investors Inc. PA owned 0.49% of Rev Group worth $8,716,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Schroder Investment Management Group bought a new position in Rev Group during the first quarter valued at about $10,310,000. Vaughan Nelson Investment Management L.P. boosted its position in Rev Group by 345.9% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 621,025 shares of the company’s stock valued at $17,190,000 after buying an additional 481,750 shares during the period. Wells Fargo & Company MN bought a new position in Rev Group during the first quarter valued at about $17,811,000. Bank of New York Mellon Corp bought a new position in Rev Group during the first quarter valued at about $1,129,000. Finally, Driehaus Capital Management LLC bought a new position in Rev Group during the first quarter valued at about $2,282,000.
Shares of Rev Group Inc (NASDAQ REVG) opened at 25.07 on Wednesday. Rev Group Inc has a one year low of $23.55 and a one year high of $31.60. The company has a market capitalization of $1.60 billion and a PE ratio of 85.56. The company’s 50-day moving average is $25.90 and its 200-day moving average is $27.25.
Rev Group (NASDAQ:REVG) last announced its quarterly earnings data on Tuesday, June 6th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.25 by $0.04. The company had revenue of $545.32 million during the quarter, compared to the consensus estimate of $570.27 million. Rev Group had a net margin of 1.25% and a return on equity of 6.72%. Equities analysts predict that Rev Group Inc will post $1.17 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Monday, July 31st will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Thursday, July 27th.
Separately, Zacks Investment Research cut shares of Rev Group from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Rev Group presently has an average rating of “Buy” and a consensus target price of $32.11.
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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