California State Teachers Retirement System Raises Stock Position in REV Group, Inc. (NYSE:REVG)

California State Teachers Retirement System grew its holdings in REV Group, Inc. (NYSE:REVG) by 56.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 49,518 shares of the company’s stock after purchasing an additional 17,914 shares during the quarter. California State Teachers Retirement System owned 0.10% of REV Group worth $1,094,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP increased its holdings in REV Group by 16.1% during the 4th quarter. Wellington Management Group LLP now owns 490,150 shares of the company’s stock worth $8,906,000 after purchasing an additional 68,047 shares during the period. Capstone Investment Advisors LLC purchased a new stake in shares of REV Group during the first quarter worth approximately $2,010,000. GSA Capital Partners LLP acquired a new stake in REV Group in the first quarter valued at approximately $1,049,000. Vanguard Group Inc. grew its holdings in REV Group by 56.3% during the 1st quarter. Vanguard Group Inc. now owns 4,714,060 shares of the company’s stock worth $104,134,000 after acquiring an additional 1,698,502 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of REV Group by 73.8% in the 1st quarter. Swiss National Bank now owns 101,700 shares of the company’s stock valued at $2,247,000 after purchasing an additional 43,200 shares during the last quarter.

REV Group Stock Performance

Shares of REVG stock opened at $28.12 on Wednesday. The stock’s 50-day moving average is $26.40 and its two-hundred day moving average is $23.35. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.53 and a current ratio of 1.75. REV Group, Inc. has a 1 year low of $12.71 and a 1 year high of $29.89. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 6.88 and a beta of 1.61.

REV Group (NYSE:REVG) last released its quarterly earnings results on Wednesday, June 5th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.10. REV Group had a return on equity of 16.85% and a net margin of 9.41%. The firm had revenue of $616.90 million for the quarter, compared to the consensus estimate of $603.17 million. Analysts predict that REV Group, Inc. will post 1.45 earnings per share for the current year.

REV Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were given a $0.05 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.20 annualized dividend and a yield of 0.71%. REV Group’s dividend payout ratio (DPR) is 4.89%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. The Goldman Sachs Group boosted their target price on shares of REV Group from $18.00 to $20.00 and gave the stock a “sell” rating in a research note on Tuesday, April 16th. StockNews.com cut REV Group from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Finally, Morgan Stanley initiated coverage on REV Group in a research report on Tuesday, June 11th. They set an “equal weight” rating and a $29.50 target price on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $20.50.

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.