Navellier & Associates Inc. Trims Position in REV Group, Inc. (NYSE:REVG)

Navellier & Associates Inc. trimmed its stake in REV Group, Inc. (NYSE:REVG) by 42.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,333 shares of the company’s stock after selling 14,070 shares during the period. Navellier & Associates Inc.’s holdings in REV Group were worth $542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in REVG. Vanguard Group Inc. boosted its holdings in shares of REV Group by 56.3% in the first quarter. Vanguard Group Inc. now owns 4,714,060 shares of the company’s stock valued at $104,134,000 after purchasing an additional 1,698,502 shares during the period. Kennedy Capital Management LLC lifted its holdings in shares of REV Group by 161.8% in the 1st quarter. Kennedy Capital Management LLC now owns 947,919 shares of the company’s stock worth $20,940,000 after buying an additional 585,841 shares during the period. Hennessy Advisors Inc. bought a new position in shares of REV Group during the 2nd quarter worth $9,535,000. Hood River Capital Management LLC bought a new stake in shares of REV Group in the first quarter valued at about $8,240,000. Finally, AYAL Capital Advisors Ltd purchased a new stake in REV Group in the second quarter worth about $6,558,000.

REV Group Price Performance

REVG opened at $29.82 on Friday. The firm has a market capitalization of $1.55 billion, a PE ratio of 7.12 and a beta of 1.59. The business’s 50-day moving average is $28.12 and its two-hundred day moving average is $27.31. REV Group, Inc. has a 1 year low of $14.72 and a 1 year 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.

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

REV Group Dividend Announcement

The firm 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 was Friday, September 27th. This represents a $0.20 annualized dividend and a dividend yield of 0.67%. REV Group’s dividend payout ratio is presently 4.77%.

Analysts Set New Price Targets

REVG has been the topic of a number of research reports. StockNews.com lowered shares of REV Group from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. The Goldman Sachs Group lifted their price objective on shares of REV Group from $22.00 to $25.00 and gave the company a “sell” rating in a report on Thursday, September 5th. Finally, DA Davidson restated a “buy” rating and set a $33.00 target price on shares of REV Group in a report 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.