REV Group, Inc. $REVG Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lessened its stake in shares of REV Group, Inc. (NYSE:REVG) by 33.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 68,984 shares of the company’s stock after selling 34,843 shares during the period. Franklin Resources Inc.’s holdings in REV Group were worth $3,283,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. High Ground Investment Management LLP boosted its holdings in REV Group by 1.9% in the 2nd quarter. High Ground Investment Management LLP now owns 1,911,593 shares of the company’s stock worth $90,973,000 after buying an additional 35,382 shares during the last quarter. Invesco Ltd. raised its holdings in shares of REV Group by 9.4% during the first quarter. Invesco Ltd. now owns 1,894,583 shares of the company’s stock valued at $59,869,000 after acquiring an additional 163,026 shares during the last quarter. Aberdeen Group plc purchased a new position in shares of REV Group in the first quarter valued at approximately $25,796,000. American Century Companies Inc. boosted its stake in shares of REV Group by 345.5% in the first quarter. American Century Companies Inc. now owns 643,854 shares of the company’s stock worth $20,346,000 after acquiring an additional 499,328 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of REV Group by 0.3% during the first quarter. Northern Trust Corp now owns 489,347 shares of the company’s stock worth $15,463,000 after purchasing an additional 1,343 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Robert W. Baird restated a “neutral” rating and issued a $55.00 price objective (down previously from $64.00) on shares of REV Group in a report on Monday. DA Davidson cut shares of REV Group from a “buy” rating to a “neutral” rating and reduced their target price for the company from $68.00 to $57.00 in a research report on Friday, October 31st. Morgan Stanley set a $55.00 price target on shares of REV Group in a research report on Tuesday, November 4th. Zacks Research raised shares of REV Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of REV Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, REV Group currently has an average rating of “Hold” and a consensus price target of $49.25.

REV Group Price Performance

Shares of REVG stock opened at $53.54 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.63 and a quick ratio of 0.53. The company has a market capitalization of $2.61 billion, a PE ratio of 25.26 and a beta of 1.13. The firm’s 50-day moving average is $54.78 and its two-hundred day moving average is $51.08. REV Group, Inc. has a 12 month low of $26.51 and a 12 month high of $64.47.

REV Group (NYSE:REVG) last announced its quarterly earnings results on Wednesday, September 3rd. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.16. The business had revenue of $644.90 million during the quarter, compared to the consensus estimate of $613.24 million. REV Group had a net margin of 4.51% and a return on equity of 27.25%. The business’s revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.48 EPS. Analysts predict that REV Group, Inc. will post 2.12 earnings per share for the current year.

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.