Speece Thorson Capital Group Inc. Reduces Stock Holdings in REV Group, Inc. $REVG

Speece Thorson Capital Group Inc. reduced its position in shares of REV Group, Inc. (NYSE:REVG) by 23.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 120,886 shares of the company’s stock after selling 36,379 shares during the quarter. Speece Thorson Capital Group Inc. owned 0.25% of REV Group worth $6,851,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of REV Group by 5.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,726 shares of the company’s stock worth $971,000 after purchasing an additional 1,520 shares during the period. Envestnet Asset Management Inc. grew its position in REV Group by 18.2% during the second quarter. Envestnet Asset Management Inc. now owns 28,856 shares of the company’s stock valued at $1,373,000 after buying an additional 4,448 shares during the period. Savant Capital LLC bought a new stake in REV Group during the second quarter valued at approximately $302,000. Police & Firemen s Retirement System of New Jersey increased its holdings in REV Group by 2.6% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 11,515 shares of the company’s stock valued at $548,000 after buying an additional 289 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in REV Group by 369.8% during the second quarter. SG Americas Securities LLC now owns 71,314 shares of the company’s stock valued at $3,394,000 after buying an additional 56,133 shares during the last quarter.

REV Group Stock Performance

REVG opened at $63.90 on Wednesday. The company has a 50 day simple moving average of $65.02 and a two-hundred day simple moving average of $59.95. 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 firm has a market cap of $3.12 billion, a P/E ratio of 33.46 and a beta of 1.14. REV Group, Inc. has a 1-year low of $26.51 and a 1-year high of $69.92.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on REVG shares. Zacks Research upgraded shares of REV Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Robert W. Baird restated a “neutral” rating and issued a $55.00 price objective (down from $64.00) on shares of REV Group in a research note on Monday, December 1st. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of REV Group in a research report on Wednesday, December 24th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $49.25.

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.