Harel Insurance Investments & Financial Services Ltd. Has $51,000 Stock Holdings in REV Group, Inc. (NYSE:REVG)

Harel Insurance Investments & Financial Services Ltd. decreased its position in shares of REV Group, Inc. (NYSE:REVG) by 42.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,821 shares of the company’s stock after selling 2,090 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in REV Group were worth $51,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of REVG. Tower Research Capital LLC TRC lifted its holdings in REV Group by 101.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,871 shares of the company’s stock worth $25,000 after buying an additional 941 shares in the last quarter. Quarry LP lifted its holdings in REV Group by 69.6% during the 2nd quarter. Quarry LP now owns 2,692 shares of the company’s stock worth $36,000 after buying an additional 1,105 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in REV Group during the 4th quarter worth $39,000. Advisor Group Holdings Inc. lifted its holdings in REV Group by 63.8% during the 4th quarter. Advisor Group Holdings Inc. now owns 3,100 shares of the company’s stock worth $39,000 after buying an additional 1,208 shares in the last quarter. Finally, National Bank of Canada FI lifted its holdings in REV Group by 236.8% during the 3rd quarter. National Bank of Canada FI now owns 3,368 shares of the company’s stock worth $55,000 after buying an additional 2,368 shares in the last quarter.

REV Group Stock Performance

Shares of REV Group stock opened at $21.61 on Wednesday. REV Group, Inc. has a 52 week low of $9.85 and a 52 week high of $23.85. The firm has a fifty day moving average of $20.06 and a two-hundred day moving average of $17.83. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 5.34 and a beta of 1.70.

REV Group (NYSE:REVG) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.25 EPS for the quarter, beating 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 quarter in the prior year, the company earned $0.04 EPS. The firm’s quarterly revenue was up .4% on a year-over-year basis. As a group, research analysts forecast that REV Group, Inc. will post 1.35 EPS for the current fiscal year.

REV Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Wednesday, March 27th. REV Group’s dividend payout ratio is currently 4.94%.

Analyst Ratings Changes

Several brokerages have commented on REVG. The Goldman Sachs Group upped their target price on shares of REV Group from $18.00 to $20.00 and gave the company a “sell” rating in a research report on Tuesday. StockNews.com upgraded shares of REV Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.60.

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.