Nicholas Investment Partners LP Sells 362,403 Shares of REV Group, Inc. $REVG

Nicholas Investment Partners LP trimmed its stake in REV Group, Inc. (NYSE:REVG) by 88.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 49,096 shares of the company’s stock after selling 362,403 shares during the period. Nicholas Investment Partners LP’s holdings in REV Group were worth $2,986,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of REV Group by 5.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,726 shares of the company’s stock worth $971,000 after acquiring an additional 1,520 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of REV Group by 54.5% during the 2nd quarter. Marshall Wace LLP now owns 62,786 shares of the company’s stock worth $2,988,000 after acquiring an additional 22,153 shares during the last quarter. State Street Corp lifted its stake in shares of REV Group by 11.2% during the 2nd quarter. State Street Corp now owns 1,345,451 shares of the company’s stock worth $64,108,000 after acquiring an additional 135,875 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in shares of REV Group by 22.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 237,689 shares of the company’s stock worth $11,312,000 after acquiring an additional 42,827 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in shares of REV Group by 28.7% during the 2nd quarter. Sei Investments Co. now owns 97,309 shares of the company’s stock worth $4,631,000 after acquiring an additional 21,722 shares during the last quarter.

REV Group Price Performance

Shares of REVG stock opened at $63.90 on Friday. REV Group, Inc. has a 52-week low of $31.05 and a 52-week high of $69.92. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.49 and a current ratio of 1.51. The firm has a market capitalization of $3.12 billion, a P/E ratio of 33.46 and a beta of 1.14. The stock has a 50 day moving average price of $63.90 and a 200 day moving average price of $63.11.

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.