Phocas Financial Corp. Reduces Holdings in REV Group, Inc. (NYSE:REVG)

Phocas Financial Corp. lowered its stake in REV Group, Inc. (NYSE:REVG) by 70.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 135,633 shares of the company’s stock after selling 327,909 shares during the quarter. Phocas Financial Corp.’s holdings in REV Group were worth $3,806,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of REVG. Amalgamated Bank raised its stake in REV Group by 67.5% in the second quarter. Amalgamated Bank now owns 1,777 shares of the company’s stock valued at $44,000 after buying an additional 716 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of REV Group by 27.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company’s stock valued at $61,000 after acquiring an additional 461 shares during the period. CWM LLC boosted its stake in REV Group by 525.6% during the 2nd quarter. CWM LLC now owns 4,010 shares of the company’s stock worth $100,000 after purchasing an additional 3,369 shares during the period. DekaBank Deutsche Girozentrale increased its stake in REV Group by 257.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 7,525 shares of the company’s stock valued at $187,000 after purchasing an additional 5,420 shares during the period. Finally, Atria Investments Inc acquired a new stake in shares of REV Group during the third quarter worth about $201,000.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. The Goldman Sachs Group upped their price objective on REV Group from $22.00 to $25.00 and gave the company a “sell” rating in a research note on Thursday, September 5th. StockNews.com downgraded REV Group from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. Finally, DA Davidson reissued a “buy” rating and issued a $33.00 price objective on shares of REV Group in a research note on Thursday, September 5th.

REV Group Stock Performance

NYSE REVG opened at $29.64 on Tuesday. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 7.07 and a beta of 1.59. The business’s 50 day moving average is $27.94 and its two-hundred day moving average is $27.21. REV Group, Inc. has a 12-month low of $14.72 and a 12-month high of $31.85. 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 (NYSE:REVG) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. REV Group had a return on equity of 18.69% and a net margin of 9.92%. The firm had revenue of $579.40 million for the quarter, compared to analyst estimates of $618.70 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. REV Group’s quarterly revenue was down 14.8% on a year-over-year basis. Research analysts expect that REV Group, Inc. will post 1.42 EPS for the current year.

REV Group Announces Dividend

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

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.