Kennedy Capital Management LLC Sells 134,239 Shares of REV Group, Inc. $REVG

Kennedy Capital Management LLC reduced its holdings in shares of REV Group, Inc. (NYSE:REVG) by 20.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 512,064 shares of the company’s stock after selling 134,239 shares during the period. REV Group comprises about 0.6% of Kennedy Capital Management LLC’s investment portfolio, making the stock its 14th biggest position. Kennedy Capital Management LLC’s holdings in REV Group were worth $29,019,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in REVG. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of REV Group during the 3rd quarter worth approximately $1,221,000. Lisanti Capital Growth LLC grew its position in REV Group by 122.5% in the third quarter. Lisanti Capital Growth LLC now owns 79,182 shares of the company’s stock valued at $4,487,000 after acquiring an additional 43,587 shares during the period. Beacon Harbor Wealth Advisors Inc. acquired a new position in REV Group during the third quarter worth $5,625,000. Virtue Capital Management LLC acquired a new position in REV Group during the third quarter worth $942,000. Finally, Principal Financial Group Inc. bought a new position in shares of REV Group during the third quarter valued at $3,176,000.

Wall Street Analysts Forecast Growth

REVG has been the topic of several analyst reports. Robert W. Baird reaffirmed a “neutral” rating and issued a $55.00 target price (down from $64.00) on shares of REV Group in a report on Monday, December 1st. Zacks Research raised shares of REV Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of REV Group in a research report on Wednesday, December 24th. One 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 company’s stock. According to data from MarketBeat.com, REV Group currently has an average rating of “Hold” and a consensus price target of $49.25.

REV Group Stock Performance

Shares of REVG stock remained flat at $63.90 during trading hours on Friday. The firm’s 50-day moving average is $65.02 and its two-hundred day moving average is $59.66. 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 stock has a market cap of $3.12 billion, a PE ratio of 33.46 and a beta of 1.14. REV Group, Inc. has a fifty-two week low of $26.51 and a fifty-two week high of $69.92.

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

About REV Group

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.