Zurcher Kantonalbank Zurich Cantonalbank Sells 703 Shares of REV Group, Inc. (NYSE:REVG)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in shares of REV Group, Inc. (NYSE:REVG) by 6.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,739 shares of the company’s stock after selling 703 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in REV Group were worth $177,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Wellington Management Group LLP grew its stake in shares of REV Group by 22.8% during the 3rd quarter. Wellington Management Group LLP now owns 422,103 shares of the company’s stock worth $6,754,000 after acquiring an additional 78,453 shares during the period. Federated Hermes Inc. boosted its position in REV Group by 1,020.6% during the third quarter. Federated Hermes Inc. now owns 382,653 shares of the company’s stock worth $6,122,000 after purchasing an additional 348,507 shares during the period. Pinnacle Associates Ltd. increased its stake in shares of REV Group by 6.9% in the fourth quarter. Pinnacle Associates Ltd. now owns 59,763 shares of the company’s stock worth $1,086,000 after purchasing an additional 3,853 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of REV Group by 8.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 628,986 shares of the company’s stock valued at $10,064,000 after purchasing an additional 50,738 shares during the period. Finally, Trexquant Investment LP lifted its stake in shares of REV Group by 33.5% during the 3rd quarter. Trexquant Investment LP now owns 69,162 shares of the company’s stock valued at $1,107,000 after buying an additional 17,364 shares in the last quarter.

REV Group Price Performance

Shares of NYSE:REVG opened at $24.17 on Wednesday. REV Group, Inc. has a one year low of $9.85 and a one year high of $25.17. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 5.97 and a beta of 1.67. The firm has a fifty day moving average price of $21.11 and a two-hundred day moving average price of $18.50.

REV Group (NYSE:REVG) last announced its earnings results on Wednesday, March 6th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.10. The business had revenue of $586.00 million for the quarter, compared to analyst estimates of $579.42 million. REV Group had a return on equity of 16.43% and a net margin of 9.15%. The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.04 EPS. Equities research analysts expect that REV Group, Inc. will post 1.35 EPS for the current fiscal year.

REV Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were given a dividend of $0.05 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.20 annualized dividend and a yield of 0.83%. REV Group’s payout ratio is presently 4.94%.

Analysts Set New Price Targets

A number of research firms recently weighed in on REVG. The Goldman Sachs Group lifted their price objective on shares of REV Group from $18.00 to $20.00 and gave the company a “sell” rating in a research note on Tuesday, April 16th. StockNews.com lowered REV Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, REV Group currently has a consensus rating of “Moderate Buy” and a consensus target price 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.