LSV Asset Management Buys 18,731 Shares of REV Group, Inc. $REVG

LSV Asset Management lifted its stake in REV Group, Inc. (NYSE:REVG) by 4.1% during the third quarter, Holdings Channel reports. The fund owned 470,398 shares of the company’s stock after acquiring an additional 18,731 shares during the quarter. LSV Asset Management’s holdings in REV Group were worth $26,657,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of REV Group during the 3rd quarter worth $1,221,000. Beacon Harbor Wealth Advisors Inc. acquired a new position in REV Group during the 3rd quarter worth $5,625,000. Lisanti Capital Growth LLC lifted its position in REV Group by 122.5% during the 3rd quarter. Lisanti Capital Growth LLC now owns 79,182 shares of the company’s stock worth $4,487,000 after acquiring an additional 43,587 shares during the last quarter. Virtue Capital Management LLC bought a new stake in REV Group during the third quarter valued at about $942,000. Finally, JPMorgan Chase & Co. grew its position in shares of REV Group by 125.7% in the second quarter. JPMorgan Chase & Co. now owns 255,427 shares of the company’s stock valued at $12,156,000 after purchasing an additional 142,243 shares during the last quarter.

Wall Street Analyst Weigh In

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

REV Group Stock Performance

Shares of REVG opened at $63.90 on Friday. The stock’s 50-day moving average price is $63.64 and its 200 day moving average price is $57.92. 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 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 12-month low of $26.51 and a 12-month high of $69.92.

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

REV Group Announces Dividend

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