Magnetar Financial LLC Buys Shares of 1,608,032 REV Group, Inc. $REVG

Magnetar Financial LLC bought a new position in shares of REV Group, Inc. (NYSE:REVG) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,608,032 shares of the company’s stock, valued at approximately $97,784,000. REV Group accounts for approximately 1.0% of Magnetar Financial LLC’s investment portfolio, making the stock its 7th largest holding. Magnetar Financial LLC owned 3.29% of REV Group as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Allworth Financial LP grew its position in shares of REV Group by 70.0% during the 4th quarter. Allworth Financial LP now owns 425 shares of the company’s stock valued at $26,000 after buying an additional 175 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings 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 worth $31,000 after purchasing an additional 409 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of REV Group by 798.5% in the 3rd quarter. IFP Advisors Inc now owns 593 shares of the company’s stock worth $34,000 after purchasing an additional 527 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in REV Group during the 2nd quarter worth $38,000. Finally, EverSource Wealth Advisors LLC grew its stake in REV Group by 145.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,152 shares of the company’s stock worth $70,000 after buying an additional 682 shares during the last quarter.

REV Group Stock Performance

REVG stock opened at $63.90 on Wednesday. The stock’s fifty day moving average is $63.90 and its two-hundred day moving average is $63.35. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 33.46 and a beta of 1.14. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.49 and a current ratio of 1.51. REV Group, Inc. has a 1 year low of $31.05 and a 1 year high of $69.92.

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.