REV Group, Inc. (NYSE:REVG) Short Interest Down 19.4% in May

REV Group, Inc. (NYSE:REVG - Get Free Report) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 2,900,000 shares, a decline of 19.4% from the April 30th total of 3,600,000 shares. Approximately 5.7% of the company's shares are short sold. Based on an average daily volume of 767,700 shares, the short-interest ratio is currently 3.8 days.

REV Group Stock Performance

Shares of NYSE:REVG traded up $0.65 on Tuesday, hitting $37.18. The company had a trading volume of 1,001,850 shares, compared to its average volume of 687,892. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 8.28 and a beta of 1.12. The stock has a 50 day moving average price of $33.77 and a 200 day moving average price of $32.69. REV Group has a 1-year low of $21.54 and a 1-year high of $38.78. The company has a current ratio of 1.72, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20.

REV Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend was Friday, March 28th. REV Group's payout ratio is 13.48%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on REVG shares. The Goldman Sachs Group boosted their price target on shares of REV Group from $26.00 to $30.00 and gave the stock a "sell" rating in a research note on Tuesday, May 27th. Wall Street Zen upgraded shares of REV Group from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, Morgan Stanley downgraded REV Group from an "equal weight" rating to an "underweight" rating and set a $33.00 price target on the stock. in a research note on Wednesday, April 16th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $35.00.

Hedge Funds Weigh In On REV Group

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC lifted its holdings in REV Group by 355.5% in the third quarter. Barclays PLC now owns 89,619 shares of the company's stock valued at $2,515,000 after buying an additional 69,946 shares during the period. Janney Montgomery Scott LLC increased its holdings in REV Group by 2.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 30,700 shares of the company's stock worth $978,000 after purchasing an additional 859 shares in the last quarter. Legato Capital Management LLC lifted its holdings in shares of REV Group by 113.0% in the fourth quarter. Legato Capital Management LLC now owns 111,318 shares of the company's stock valued at $3,548,000 after purchasing an additional 59,066 shares in the last quarter. Asset Management One Co. Ltd. purchased a new position in shares of REV Group during the fourth quarter valued at approximately $2,077,000. Finally, Rhumbline Advisers raised its position in REV Group by 1.4% in the 4th quarter. Rhumbline Advisers now owns 71,130 shares of the company's stock valued at $2,267,000 after buying an additional 1,000 shares during the last quarter.

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.