Quest Partners LLC Has $235,000 Position in REV Group, Inc. (NYSE:REVG)

Quest Partners LLC increased its holdings in shares of REV Group, Inc. (NYSE:REVG) by 436.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 8,392 shares of the company’s stock after purchasing an additional 6,828 shares during the period. Quest Partners LLC’s holdings in REV Group were worth $235,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. 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 worth $104,134,000 after acquiring an additional 1,698,502 shares during the period. Hennessy Advisors Inc. bought a new stake in REV Group in the 2nd quarter valued at $9,535,000. AYAL Capital Advisors Ltd acquired a new stake in REV Group in the 2nd quarter worth $6,558,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of REV Group during the 3rd quarter worth about $5,973,000. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of REV Group by 56.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 380,247 shares of the company’s stock valued at $8,400,000 after buying an additional 137,943 shares during the last quarter.

REV Group Stock Performance

NYSE REVG opened at $30.85 on Wednesday. REV Group, Inc. has a twelve month low of $14.87 and a twelve month high of $32.74. The company has a quick ratio of 0.57, a current ratio of 1.85 and a debt-to-equity ratio of 0.54. The stock has a market cap of $1.60 billion, a P/E ratio of 7.36 and a beta of 1.59. The company’s 50-day simple moving average is $28.33 and its 200 day simple moving average is $27.46.

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

REV Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a dividend of $0.05 per share. The ex-dividend date was Friday, September 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.65%. REV Group’s payout ratio is presently 4.77%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on REVG shares. The Goldman Sachs Group lifted their target price on REV Group from $22.00 to $25.00 and gave the stock a “sell” rating in a research report on Thursday, September 5th. StockNews.com lowered REV Group from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. Finally, DA Davidson restated a “buy” rating and issued a $33.00 target price on shares of REV Group in a research note on Thursday, September 5th.

About REV Group

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.