REV Group, Inc. (NYSE:REVG) Short Interest Down 30.5% in April

REV Group, Inc. (NYSE:REVG - Get Free Report) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totalling 1,390,000 shares, a drop of 30.5% from the April 15th total of 2,000,000 shares. Currently, 2.8% of the company's stock are short sold. Based on an average trading volume of 1,050,000 shares, the short-interest ratio is presently 1.3 days.

REV Group Price Performance

Shares of REVG stock traded up $0.26 during trading on Friday, reaching $26.60. The company had a trading volume of 903,019 shares, compared to its average volume of 753,555. The company has a market capitalization of $1.38 billion, a PE ratio of 6.57 and a beta of 1.67. The firm's 50 day simple moving average is $21.43 and its two-hundred day simple moving average is $18.74. REV Group has a one year low of $9.85 and a one year high of $26.77.

REV Group (NYSE:REVG - Get Free Report) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.10. REV Group had a net margin of 9.15% and a return on equity of 16.43%. The business had revenue of $586.00 million during the quarter, compared to analysts' expectations of $579.42 million. During the same period in the previous year, the company earned $0.04 earnings per share. REV Group's revenue for the quarter was up .4% on a year-over-year basis. Analysts forecast that REV Group will post 1.35 earnings per share for the current year.

REV Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were paid a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.75%. REV Group's payout ratio is presently 4.94%.

Hedge Funds Weigh In On REV Group

Large investors have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale acquired a new position in shares of REV Group during the fourth quarter valued at about $39,000. New York State Teachers Retirement System acquired a new position in REV Group in the 1st quarter valued at approximately $63,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of REV Group by 6.7% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 47,121 shares of the company's stock worth $754,000 after acquiring an additional 2,947 shares during the period. AJOVista LLC acquired a new stake in shares of REV Group during the 4th quarter worth approximately $68,000. Finally, Bank of New York Mellon Corp increased its position in shares of REV Group by 1.2% during the third quarter. Bank of New York Mellon Corp now owns 324,516 shares of the company's stock valued at $5,192,000 after purchasing an additional 3,820 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts have commented on REVG shares. StockNews.com downgraded REV Group from a "strong-buy" rating to a "buy" rating in a research note on Thursday, April 25th. The Goldman Sachs Group raised their price objective on shares of REV Group from $18.00 to $20.00 and gave the company a "sell" rating in a research report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $17.60.

REV Group Company Profile

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.