Bank of Montreal Can Invests $399,000 in REV Group, Inc. (NYSE:REVG)

Bank of Montreal Can bought a new position in REV Group, Inc. (NYSE:REVG) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 29,831 shares of the company’s stock, valued at approximately $399,000. Bank of Montreal Can owned 0.05% of REV Group as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC boosted its position in shares of REV Group by 107.9% in the third quarter. Tower Research Capital LLC TRC now owns 2,295 shares of the company’s stock worth $25,000 after buying an additional 1,191 shares during the period. Advisor Group Holdings Inc. boosted its position in shares of REV Group by 63.8% in the fourth quarter. Advisor Group Holdings Inc. now owns 3,100 shares of the company’s stock worth $39,000 after buying an additional 1,208 shares during the period. UBS Group AG boosted its position in shares of REV Group by 1,593.3% in the third quarter. UBS Group AG now owns 5,080 shares of the company’s stock worth $56,000 after buying an additional 4,780 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of REV Group in the second quarter worth $63,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of REV Group in the first quarter worth $67,000. Institutional investors and hedge funds own 94.92% of the company’s stock.

REV Group Price Performance

Shares of NYSE:REVG opened at $15.25 on Friday. REV Group, Inc. has a fifty-two week low of $9.85 and a fifty-two week high of $16.54. The business has a 50-day moving average of $15.19 and a two-hundred day moving average of $13.42. The stock has a market capitalization of $904.48 million, a P/E ratio of 37.20 and a beta of 1.82. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 0.48.

REV Group (NYSE:REVG) last announced its quarterly earnings results on Wednesday, September 13th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.10. REV Group had a return on equity of 12.00% and a net margin of 0.95%. The company had revenue of $680.00 million during the quarter, compared to analysts’ expectations of $627.17 million. During the same quarter in the previous year, the firm earned $0.21 earnings per share. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. On average, equities research analysts predict that REV Group, Inc. will post 0.99 EPS for the current fiscal year.

REV Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.31%. REV Group’s payout ratio is presently 48.78%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. DA Davidson raised REV Group from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $16.00 to $20.00 in a research report on Wednesday, September 27th. Credit Suisse Group lifted their price objective on REV Group from $12.00 to $13.00 in a research report on Wednesday, September 13th. The Goldman Sachs Group lifted their price objective on REV Group from $13.00 to $14.00 in a research report on Wednesday, September 13th. Robert W. Baird lifted their price objective on REV Group from $16.00 to $20.00 and gave the company an “outperform” rating in a research report on Wednesday, September 13th. Finally, StockNews.com assumed coverage on REV Group in a research report on Thursday, October 5th. They set a “strong-buy” rating for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $15.83.

REV Group Profile

REV Group, Inc designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Europe, 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, and Ladder Tower brands; and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue, and Wheeled Coach brands.