Tocqueville Asset Management L.P. lifted its holdings in shares of Rev Group Inc (NYSE:REVG) by 95.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 408,570 shares of the company’s stock after acquiring an additional 199,570 shares during the period. Tocqueville Asset Management L.P. owned approximately 0.65% of Rev Group worth $6,415,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Bank of Montreal Can boosted its holdings in Rev Group by 271.7% during the second quarter. Bank of Montreal Can now owns 11,947 shares of the company’s stock worth $204,000 after purchasing an additional 8,733 shares during the last quarter. Elk Creek Partners LLC boosted its holdings in Rev Group by 1.0% during the third quarter. Elk Creek Partners LLC now owns 935,958 shares of the company’s stock worth $14,695,000 after purchasing an additional 9,093 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Rev Group by 4.7% during the third quarter. Bank of New York Mellon Corp now owns 205,345 shares of the company’s stock worth $3,224,000 after purchasing an additional 9,167 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings in Rev Group by 71.2% during the second quarter. Dynamic Technology Lab Private Ltd now owns 25,162 shares of the company’s stock worth $428,000 after purchasing an additional 10,467 shares during the last quarter. Finally, IndexIQ Advisors LLC boosted its holdings in Rev Group by 12.1% during the second quarter. IndexIQ Advisors LLC now owns 105,364 shares of the company’s stock worth $1,792,000 after purchasing an additional 11,370 shares during the last quarter.
Rev Group stock opened at $11.77 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.77 and a current ratio of 2.26. The stock has a market cap of $757.07 million, a P/E ratio of 10.42, a PEG ratio of 1.33 and a beta of 2.50. Rev Group Inc has a fifty-two week low of $10.19 and a fifty-two week high of $33.15.
Rev Group (NYSE:REVG) last released its earnings results on Wednesday, September 5th. The company reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.06). The company had revenue of $597.70 million during the quarter, compared to analysts’ expectations of $649.64 million. Rev Group had a net margin of 2.40% and a return on equity of 13.12%. The firm’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 earnings per share. As a group, research analysts anticipate that Rev Group Inc will post 1.2 earnings per share for the current year.
Several research analysts recently weighed in on REVG shares. Deutsche Bank restated a “hold” rating and set a $16.00 price target on shares of Rev Group in a report on Wednesday, September 5th. MED started coverage on shares of Rev Group in a report on Wednesday, September 5th. They set a “hold” rating and a $16.00 price target on the stock. Stifel Nicolaus cut their price target on shares of Rev Group from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, September 7th. Credit Suisse Group cut their price target on shares of Rev Group from $20.00 to $16.00 and set an “outperform” rating on the stock in a report on Friday, September 7th. Finally, Morgan Stanley set a $17.00 price target on shares of Rev Group and gave the stock a “hold” rating in a report on Friday, October 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. Rev Group currently has an average rating of “Hold” and a consensus target price of $21.33.
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Rev Group Profile
REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment offers a range of fire apparatus and ambulance products for municipal fire departments, EMS providers, and private fleets through dealers.
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