REV Group, Inc. $REVG Shares Sold by Icon Advisers Inc. Co.

Icon Advisers Inc. Co. lessened its stake in REV Group, Inc. (NYSE:REVG) by 33.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 80,000 shares of the company’s stock after selling 40,000 shares during the quarter. REV Group comprises 1.0% of Icon Advisers Inc. Co.’s portfolio, making the stock its 28th largest holding. Icon Advisers Inc. Co.’s holdings in REV Group were worth $4,534,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in REVG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in REV Group by 5.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,726 shares of the company’s stock valued at $971,000 after acquiring an additional 1,520 shares in the last quarter. AlphaQuest LLC lifted its stake in 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 acquiring an additional 1,356 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in REV Group by 18.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 28,856 shares of the company’s stock worth $1,373,000 after acquiring an additional 4,448 shares in the last quarter. Atria Investments Inc grew its holdings in REV Group by 10.0% during the 2nd quarter. Atria Investments Inc now owns 7,302 shares of the company’s stock worth $348,000 after acquiring an additional 666 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of REV Group in the 2nd quarter valued at approximately $952,000.

REV Group Stock Performance

Shares of REVG opened at $63.90 on Friday. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 33.46 and a beta of 1.14. REV Group, Inc. has a 52-week low of $26.51 and a 52-week high of $69.92. The company has a quick ratio of 0.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.10. The stock has a 50 day moving average price of $64.80 and a 200 day moving average price of $59.31.

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

REV Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Wednesday, December 24th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.4%. The ex-dividend date was Wednesday, December 24th. REV Group’s dividend payout ratio (DPR) is currently 12.57%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Zacks Research upgraded shares of REV Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Robert W. Baird reiterated a “neutral” rating and set a $55.00 target price (down from $64.00) on shares of REV Group in a research note on Monday, December 1st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of REV Group in a research note on Wednesday, December 24th. One 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $49.25.

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.