Short Interest in REV Group, Inc. (NYSE:REVG) Expands By 73.9%

REV Group, Inc. (NYSE:REVG) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 2,000,000 shares, an increase of 73.9% from the March 31st total of 1,150,000 shares. Currently, 4.1% of the shares of the company are short sold. Based on an average daily volume of 1,010,000 shares, the short-interest ratio is presently 2.0 days.

REV Group Price Performance

REV Group stock opened at $21.24 on Friday. The stock’s fifty day moving average price is $20.60 and its two-hundred day moving average price is $18.07. The firm has a market cap of $1.10 billion, a PE ratio of 5.24 and a beta of 1.70. REV Group has a one year low of $9.85 and a one year high of $23.85.

REV Group (NYSE:REVG) last issued its earnings results on Wednesday, March 6th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.10. The firm had revenue of $586.00 million for the quarter, compared to the consensus estimate of $579.42 million. REV Group had a return on equity of 16.43% and a net margin of 9.15%. The company’s revenue was up .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.04 EPS. Sell-side analysts expect that REV Group will post 1.35 earnings per share for the current fiscal year.

REV Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend was Wednesday, March 27th. REV Group’s dividend payout ratio is presently 4.94%.

Wall Street Analyst Weigh In

REVG has been the topic of a number of recent research reports. StockNews.com lowered REV Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday. The Goldman Sachs Group raised their price objective on REV Group from $18.00 to $20.00 and gave the stock a “sell” rating in a research note on Tuesday, April 16th. One analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.60.

Institutional Investors Weigh In On REV Group

A number of large investors have recently modified their holdings of REVG. New York State Teachers Retirement System acquired a new stake in shares of REV Group during the 1st quarter valued at $63,000. Seven Grand Managers LLC acquired a new stake in shares of REV Group during the 1st quarter valued at $2,209,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of REV Group during the 1st quarter valued at $5,764,000. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of REV Group during the 1st quarter valued at $269,000. Finally, Toth Financial Advisory Corp acquired a new stake in shares of REV Group during the 1st quarter valued at $641,000.

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.