LSV Asset Management Grows Stock Holdings in REV Group, Inc. (NYSE:REVG)

LSV Asset Management boosted its holdings in shares of REV Group, Inc. (NYSE:REVG) by 1.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 142,889 shares of the company’s stock after purchasing an additional 2,500 shares during the quarter. LSV Asset Management owned about 0.28% of REV Group worth $3,557,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of REVG. Vanguard Group Inc. increased its position in REV Group by 56.3% during the first quarter. Vanguard Group Inc. now owns 4,714,060 shares of the company’s stock valued at $104,134,000 after acquiring an additional 1,698,502 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of REV Group by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,963,403 shares of the company’s stock worth $53,846,000 after purchasing an additional 39,484 shares during the last quarter. Kennedy Capital Management LLC grew its holdings in shares of REV Group by 161.8% in the first quarter. Kennedy Capital Management LLC now owns 947,919 shares of the company’s stock worth $20,940,000 after purchasing an additional 585,841 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of REV Group by 22.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 769,660 shares of the company’s stock worth $13,985,000 after purchasing an additional 140,674 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of REV Group by 16.1% in the fourth quarter. Wellington Management Group LLP now owns 490,150 shares of the company’s stock worth $8,906,000 after purchasing an additional 68,047 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on REVG shares. DA Davidson restated a “buy” rating and issued a $33.00 price target on shares of REV Group in a report on Thursday, September 5th. The Goldman Sachs Group upped their price target on shares of REV Group from $22.00 to $25.00 and gave the stock a “sell” rating in a report on Thursday, September 5th. Morgan Stanley started coverage on shares of REV Group in a report on Tuesday, June 11th. They issued an “equal weight” rating and a $29.50 price target on the stock. Finally, StockNews.com cut shares of REV Group from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $24.10.

REV Group Stock Performance

REVG stock opened at $26.35 on Thursday. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 6.44 and a beta of 1.59. The firm has a 50-day simple moving average of $27.55 and a two-hundred day simple moving average of $24.79. REV Group, Inc. has a one year low of $12.88 and a one year high of $31.85. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.57 and a current ratio of 1.85.

REV Group (NYSE:REVG) last released its quarterly earnings results on Wednesday, September 4th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.42 by $0.06. The business had revenue of $579.40 million during the quarter, compared to analyst estimates of $618.70 million. REV Group had a net margin of 9.92% and a return on equity of 18.69%. The company’s quarterly revenue was down 14.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 earnings per share. On average, equities analysts forecast that REV Group, Inc. will post 1.45 EPS for the current fiscal year.

REV Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, September 27th. REV Group’s payout ratio is 4.89%.

REV Group Company Profile

REV Group, Inc, together with its subsidiaries, designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Canada, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment provides fire apparatus equipment under the Emergency One, Kovatch Mobile Equipment, Ferrara, Spartan Emergency Response, Smeal, Spartan Fire Chassis, and Ladder Tower brand names; and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue, and Wheeled Coach brand names.