LSV Asset Management Has $26.66 Million Holdings in REV Group, Inc. $REVG

LSV Asset Management grew its position in REV Group, Inc. (NYSE:REVG) by 4.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 470,398 shares of the company’s stock after buying an additional 18,731 shares during the quarter. LSV Asset Management owned approximately 0.96% of REV Group worth $26,657,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in shares of REV Group by 298.5% during the third quarter. Smartleaf Asset Management LLC now owns 546 shares of the company’s stock valued at $31,000 after acquiring an additional 409 shares during the period. Covestor Ltd grew its position in REV Group by 22,600.0% during the 3rd quarter. Covestor Ltd now owns 681 shares of the company’s stock worth $39,000 after purchasing an additional 678 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in REV Group during the 2nd quarter valued at $38,000. Farther Finance Advisors LLC lifted its holdings in shares of REV Group by 19.1% in the third quarter. Farther Finance Advisors LLC now owns 1,131 shares of the company’s stock valued at $64,000 after purchasing an additional 181 shares in the last quarter. Finally, AlphaQuest LLC boosted its position in shares of REV Group by 5,215.4% in the second quarter. AlphaQuest LLC now owns 1,382 shares of the company’s stock worth $66,000 after buying an additional 1,356 shares during the period.

Wall Street Analyst Weigh In

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

REV Group Price Performance

Shares of REV Group stock opened at $63.90 on Friday. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 33.46 and a beta of 1.14. The stock has a 50-day simple moving average of $63.64 and a 200-day simple moving average of $57.92. REV Group, Inc. has a 52-week low of $26.51 and a 52-week high of $69.92. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.51 and a quick ratio of 0.49.

REV Group (NYSE:REVG) last issued its quarterly earnings data on Wednesday, December 10th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.05. The firm had revenue of $664.40 million for the quarter, compared to analyst estimates of $646.77 million. REV Group had a net margin of 3.86% and a return on equity of 31.67%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 earnings per share. On average, equities research analysts expect that REV Group, Inc. will post 2.12 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, January 9th. Investors of record on Wednesday, December 24th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, December 24th. REV Group’s payout ratio is presently 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.