Nicholas Investment Partners LP Cuts Position in REV Group, Inc. $REVG

Nicholas Investment Partners LP lessened its position in shares of REV Group, Inc. (NYSE:REVG) by 88.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,096 shares of the company’s stock after selling 362,403 shares during the quarter. Nicholas Investment Partners LP owned about 0.10% of REV Group worth $2,986,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in REVG. Allworth Financial LP lifted its stake in shares of REV Group by 70.0% in the 4th quarter. Allworth Financial LP now owns 425 shares of the company’s stock valued at $26,000 after purchasing an additional 175 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of REV Group by 298.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 546 shares of the company’s stock valued at $31,000 after purchasing an additional 409 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of REV Group by 798.5% in the 3rd quarter. IFP Advisors Inc now owns 593 shares of the company’s stock valued at $34,000 after purchasing an additional 527 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of REV Group in the 2nd quarter valued at approximately $38,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of REV Group by 145.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,152 shares of the company’s stock valued at $70,000 after purchasing an additional 682 shares during the last quarter.

REV Group Price Performance

NYSE:REVG opened at $63.90 on Friday. The firm 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 1 year low of $31.05 and a 1 year high of $69.92. The business has a 50 day simple moving average of $63.90 and a 200-day simple moving average of $63.11. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.51 and a quick ratio of 0.49.

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.