High Ground Investment Management LLP Sells 605,624 Shares of REV Group, Inc. $REVG

High Ground Investment Management LLP trimmed its position in shares of REV Group, Inc. (NYSE:REVG) by 31.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,305,969 shares of the company’s stock after selling 605,624 shares during the period. REV Group comprises approximately 12.3% of High Ground Investment Management LLP’s portfolio, making the stock its 5th biggest holding. High Ground Investment Management LLP’s holdings in REV Group were worth $74,009,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Canada Pension Plan Investment Board purchased a new stake in shares of REV Group during the 2nd quarter worth about $38,000. Covestor Ltd increased its holdings in REV Group by 22,600.0% in the third quarter. Covestor Ltd now owns 681 shares of the company’s stock worth $39,000 after buying an additional 678 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in REV Group by 19.1% in the third quarter. Farther Finance Advisors LLC now owns 1,131 shares of the company’s stock worth $64,000 after buying an additional 181 shares during the last quarter. AlphaQuest LLC raised its position in REV Group by 5,215.4% during the second quarter. AlphaQuest LLC now owns 1,382 shares of the company’s stock valued at $66,000 after acquiring an additional 1,356 shares in the last quarter. Finally, USA Financial Formulas acquired a new stake in REV Group in the third quarter valued at approximately $79,000.

Analyst Ratings Changes

Several brokerages have recently commented on REVG. Robert W. Baird restated a “neutral” rating and set a $55.00 price target (down previously from $64.00) on shares of REV Group in a research note on Monday, December 1st. Weiss Ratings reiterated a “buy (b-)” rating on shares of REV Group in a report on Wednesday, December 24th. Zacks Research upgraded REV Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Morgan Stanley set a $55.00 price target on REV Group in a research report on Tuesday, November 4th. Finally, DA Davidson downgraded REV Group from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $68.00 to $57.00 in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, REV Group currently has a consensus rating of “Hold” and a consensus price target of $49.25.

REV Group Price Performance

Shares of NYSE:REVG opened at $63.50 on Thursday. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 33.25 and a beta of 1.17. REV Group, Inc. has a twelve month low of $26.51 and a twelve month high of $69.92. The business has a 50 day moving average price of $62.35 and a 200 day moving average price of $57.20. The company has a quick ratio of 0.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.10.

REV Group (NYSE:REVG) last posted its quarterly earnings results on Wednesday, December 10th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.05. REV Group had a net margin of 3.86% and a return on equity of 31.67%. The company had revenue of $664.40 million for the quarter, compared to analyst estimates of $646.77 million. During the same period last year, the business posted $0.51 EPS. The business’s quarterly revenue was up 11.1% on a year-over-year basis. Research analysts predict that REV Group, Inc. will post 2.12 earnings per share for the current year.

REV Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, December 24th. REV Group’s payout ratio is 12.57%.

REV Group Profile

REV Group, Inc (NYSE: REVG) is a diversified manufacturer of specialty vehicles serving public safety, healthcare, transportation and recreation markets. The company designs, engineers and produces a broad range of products, including fire and emergency apparatus, transit and shuttle buses, work trucks, ambulances and recreational vehicles. Through its integrated platform, REV Group combines engineering expertise with customer-focused assembly to deliver purpose-built solutions that meet the exact specifications of fleet operators, municipalities and individual consumers.

The company’s product portfolio is organized into three primary segments.