Principal Financial Group Inc. Boosts Stake in REV Group, Inc. (NYSE:REVG)

Principal Financial Group Inc. increased its stake in REV Group, Inc. (NYSE:REVG) by 151.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 50,252 shares of the company’s stock after purchasing an additional 30,262 shares during the quarter. Principal Financial Group Inc.’s holdings in REV Group were worth $1,410,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Amalgamated Bank increased its position in REV Group by 67.5% in the second quarter. Amalgamated Bank now owns 1,777 shares of the company’s stock worth $44,000 after buying an additional 716 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in REV Group by 27.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company’s stock worth $61,000 after acquiring an additional 461 shares in the last quarter. CWM LLC raised 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 acquiring an additional 3,369 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in REV Group by 257.5% during 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 in the last quarter. Finally, Leuthold Group LLC bought a new position in shares of REV Group in the second quarter worth approximately $213,000.

REV Group Stock Performance

REVG opened at $30.91 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.57 and a current ratio of 1.85. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 7.38 and a beta of 1.59. The company has a fifty day moving average of $28.24 and a 200 day moving average of $27.38. REV Group, Inc. has a fifty-two week low of $14.87 and a fifty-two week high of $31.85.

REV Group (NYSE:REVG) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. The firm had revenue of $579.40 million during the quarter, compared to analyst estimates of $618.70 million. REV Group had a return on equity of 18.69% and a net margin of 9.92%. The business’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 earnings per share. As a group, sell-side analysts forecast that REV Group, Inc. will post 1.42 earnings per share for the current fiscal year.

REV Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders 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 dividend yield of 0.65%. REV Group’s dividend payout ratio (DPR) is 4.77%.

Wall Street Analysts Forecast Growth

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

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.