Vanguard Group Inc. Grows Stock Position in REV Group, Inc. $REVG

Vanguard Group Inc. grew its position in shares of REV Group, Inc. (NYSE:REVG) by 0.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,126,206 shares of the company’s stock after purchasing an additional 30,651 shares during the period. Vanguard Group Inc. owned 10.50% of REV Group worth $290,502,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in shares of REV Group by 111.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 539,133 shares of the company’s stock worth $30,553,000 after buying an additional 283,706 shares during the last quarter. Cookson Peirce & Co. Inc. acquired a new stake in REV Group during the third quarter worth about $1,235,000. Westover Capital Advisors LLC purchased a new position in shares of REV Group in the 3rd quarter worth about $795,000. LSV Asset Management grew its holdings in shares of REV Group by 4.1% during the 3rd quarter. LSV Asset Management now owns 470,398 shares of the company’s stock worth $26,657,000 after purchasing an additional 18,731 shares during the period. Finally, Navellier & Associates Inc. increased its position in REV Group by 68.1% during the 3rd quarter. Navellier & Associates Inc. now owns 31,760 shares of the company’s stock worth $1,800,000 after purchasing an additional 12,866 shares in the last quarter.

Analyst Ratings Changes

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

REV Group Price Performance

Shares of NYSE REVG opened at $63.90 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.51 and a quick ratio of 0.49. The firm has a market capitalization of $3.12 billion, a PE ratio of 33.46 and a beta of 1.14. REV Group, Inc. has a 1-year low of $26.51 and a 1-year high of $69.92. The business’s fifty day moving average price is $64.63 and its two-hundred day moving average price is $58.92.

REV Group (NYSE:REVG) last released its quarterly earnings results on Wednesday, December 10th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.78 by $0.05. The business had revenue of $664.40 million during 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 quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 earnings per share. On average, research analysts expect that REV Group, Inc. will post 2.12 EPS 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 given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Wednesday, December 24th. REV Group’s payout ratio is 12.57%.

REV Group Company 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.