REV Group, Inc. $REVG Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. raised its holdings in shares of REV Group, Inc. (NYSE:REVG) by 0.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 5,126,206 shares of the company’s stock after purchasing an additional 30,651 shares during the quarter. Vanguard Group Inc. owned 0.11% of REV Group worth $290,502,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its stake in shares of REV Group by 298.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 546 shares of the company’s stock worth $31,000 after acquiring an additional 409 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in REV Group during the 2nd quarter worth about $38,000. Covestor Ltd lifted its stake in REV Group by 22,600.0% during the third quarter. Covestor Ltd now owns 681 shares of the company’s stock valued at $39,000 after buying an additional 678 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of REV Group by 19.1% in the third quarter. Farther Finance Advisors LLC now owns 1,131 shares of the company’s stock worth $64,000 after acquiring an additional 181 shares in the last quarter. Finally, AlphaQuest LLC raised its holdings in shares of REV Group by 5,215.4% during the second quarter. AlphaQuest LLC now owns 1,382 shares of the company’s stock valued at $66,000 after acquiring an additional 1,356 shares during the period.

Analyst Upgrades and Downgrades

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

REV Group Stock Performance

Shares of REV Group stock opened at $63.90 on Friday. REV Group, Inc. has a 52-week low of $26.51 and a 52-week high of $69.92. The firm has a market capitalization of $3.12 billion, a PE ratio of 33.46 and a beta of 1.14. 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 company’s fifty day moving average price is $64.63 and its two-hundred day moving average price is $58.92.

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

REV Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th were given 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 dividend payout ratio is presently 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.