Phocas Financial Corp. Sells 327,909 Shares of REV Group, Inc. (NYSE:REVG)

Phocas Financial Corp. lowered its stake in shares of REV Group, Inc. (NYSE:REVG) by 70.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 135,633 shares of the company’s stock after selling 327,909 shares during the period. Phocas Financial Corp. owned approximately 0.26% of REV Group worth $3,806,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in shares of REV Group in the first quarter valued at approximately $253,000. Swiss National Bank boosted its stake in REV Group by 73.8% in the 1st quarter. Swiss National Bank now owns 101,700 shares of the company’s stock worth $2,247,000 after purchasing an additional 43,200 shares during the period. Sei Investments Co. boosted its holdings in REV Group by 854.7% in the 1st quarter. Sei Investments Co. now owns 130,847 shares of the company’s stock valued at $2,890,000 after purchasing an additional 117,141 shares during the period. Vanguard Group Inc. grew its holdings in shares of REV Group by 56.3% during the first quarter. Vanguard Group Inc. now owns 4,714,060 shares of the company’s stock worth $104,134,000 after purchasing an additional 1,698,502 shares in the last quarter. Finally, Bessemer Group Inc. purchased a new position in REV Group in the 1st quarter worth approximately $6,293,000.

REV Group Price Performance

REVG stock opened at $29.64 on Tuesday. The company has a 50-day moving average price of $27.94 and a 200 day moving average price of $27.21. The stock has a market cap of $1.54 billion, a PE ratio of 7.07 and a beta of 1.59. The company has a current ratio of 1.85, a quick ratio of 0.57 and a debt-to-equity ratio of 0.54. REV Group, Inc. has a 12 month low of $14.72 and a 12 month high of $31.85.

REV Group (NYSE:REVG) last posted its earnings results on Wednesday, September 4th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. REV Group had a net margin of 9.92% and a return on equity of 18.69%. The company had revenue of $579.40 million during the quarter, compared to analysts’ expectations of $618.70 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. REV Group’s revenue for the quarter was down 14.8% compared to the same quarter last year. Equities research analysts anticipate that REV Group, Inc. will post 1.42 earnings per share for the current year.

REV Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Friday, September 27th. REV Group’s payout ratio is currently 4.77%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group boosted their price objective on shares of REV Group from $22.00 to $25.00 and gave the stock a “sell” rating in a report on Thursday, September 5th. StockNews.com downgraded shares of REV Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. Finally, DA Davidson restated a “buy” rating and set a $33.00 price objective on shares of REV Group in a research report on Thursday, September 5th.

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.