REV Group, Inc. (NYSE:REVG) Holdings Boosted by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its holdings in REV Group, Inc. (NYSE:REVG) by 29.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,990 shares of the company’s stock after acquiring an additional 4,559 shares during the period. Principal Financial Group Inc.’s holdings in REV Group were worth $498,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of REVG. New York State Teachers Retirement System bought a new position in REV Group in the first quarter worth about $63,000. CWM LLC lifted its holdings in REV Group by 525.6% in the second 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 last quarter. Virtu Financial LLC bought a new position in REV Group in the fourth quarter worth about $187,000. Sandia Investment Management LP bought a new position in REV Group in the first quarter worth about $221,000. Finally, SG Americas Securities LLC bought a new position in REV Group in the first quarter worth about $253,000.

REV Group Price Performance

NYSE REVG opened at $27.63 on Friday. REV Group, Inc. has a 12 month low of $14.04 and a 12 month high of $31.85. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.85 and a quick ratio of 0.57. The firm has a market capitalization of $1.44 billion, a PE ratio of 6.75 and a beta of 1.59. The company’s 50 day simple moving average is $27.61 and its 200 day simple moving average is $24.81.

REV Group (NYSE:REVG) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. REV Group had a net margin of 9.92% and a return on equity of 18.69%. The business had revenue of $579.40 million for the quarter, compared to analyst estimates of $618.70 million. During the same quarter last year, the business earned $0.31 earnings per share. The business’s revenue for the quarter was down 14.8% on a year-over-year basis. As a group, equities research analysts forecast that REV Group, Inc. will post 1.45 EPS for the current fiscal year.

REV Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.72%. REV Group’s dividend payout ratio is presently 4.89%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. StockNews.com cut REV Group from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. DA Davidson reaffirmed a “buy” rating and set a $33.00 price target on shares of REV Group in a report on Thursday, September 5th. Morgan Stanley assumed coverage on REV Group in a report on Tuesday, June 11th. They set an “equal weight” rating and a $29.50 price target on the stock. Finally, The Goldman Sachs Group lifted their price target on REV Group from $22.00 to $25.00 and gave the company a “sell” rating in a report on Thursday, September 5th.

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.