Janney Montgomery Scott LLC Grows Stock Position in REV Group, Inc. (NYSE:REVG)

Janney Montgomery Scott LLC lifted its holdings in REV Group, Inc. (NYSE:REVG) by 81.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 29,841 shares of the company’s stock after purchasing an additional 13,361 shares during the period. Janney Montgomery Scott LLC’s holdings in REV Group were worth $837,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in REV Group in the 1st quarter worth $253,000. Swiss National Bank raised its stake in shares of REV Group by 73.8% in the first quarter. Swiss National Bank now owns 101,700 shares of the company’s stock worth $2,247,000 after buying an additional 43,200 shares during the period. Sei Investments Co. lifted its position in shares of REV Group by 854.7% during the 1st quarter. Sei Investments Co. now owns 130,847 shares of the company’s stock valued at $2,890,000 after buying an additional 117,141 shares in the last quarter. Jupiter Asset Management Ltd. bought a new position in shares of REV Group during the 1st quarter valued at approximately $267,000. Finally, Vanguard Group Inc. increased its holdings in REV Group by 56.3% in the 1st quarter. Vanguard Group Inc. now owns 4,714,060 shares of the company’s stock worth $104,134,000 after acquiring an additional 1,698,502 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts have weighed in on REVG shares. DA Davidson reaffirmed a “buy” rating and set a $33.00 price target on shares of REV Group in a report on Thursday, September 5th. StockNews.com cut shares of REV Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. Finally, The Goldman Sachs Group upped their target price 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.

REV Group Stock Down 0.5 %

NYSE REVG opened at $29.68 on Friday. REV Group, Inc. has a 12 month low of $14.72 and a 12 month high of $31.85. The company has a current ratio of 1.85, a quick ratio of 0.57 and a debt-to-equity ratio of 0.54. The stock has a market cap of $1.54 billion, a PE ratio of 7.08 and a beta of 1.59. The stock’s 50 day moving average is $27.94 and its 200 day moving average is $27.17.

REV Group (NYSE:REVG) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.06. REV Group had a net margin of 9.92% and a return on equity of 18.69%. The firm had revenue of $579.40 million for the quarter, compared to analysts’ expectations of $618.70 million. During the same quarter last year, the business posted $0.31 earnings per share. The company’s revenue for the quarter was down 14.8% compared to the same quarter last year. Research analysts predict that REV Group, Inc. will post 1.42 EPS for the current fiscal year.

REV Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.67%. The ex-dividend date was Friday, September 27th. REV Group’s payout ratio is currently 4.77%.

REV Group 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.