Edgestream Partners L.P. Invests $1.31 Million in REV Group, Inc. $REVG

Edgestream Partners L.P. acquired a new stake in shares of REV Group, Inc. (NYSE:REVG) during the second quarter, HoldingsChannel.com reports. The fund acquired 27,600 shares of the company’s stock, valued at approximately $1,313,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S bought a new stake in REV Group during the first quarter worth approximately $54,000. AlphaQuest LLC lifted its stake in shares of REV Group by 5,215.4% in the second quarter. AlphaQuest LLC now owns 1,382 shares of the company’s stock worth $66,000 after buying an additional 1,356 shares during the last quarter. New Age Alpha Advisors LLC boosted its holdings in shares of REV Group by 71.0% during the 1st quarter. New Age Alpha Advisors LLC now owns 2,165 shares of the company’s stock worth $68,000 after buying an additional 899 shares during the period. Financiere des Professionnels Fonds d investissement inc. acquired a new position in REV Group in the 2nd quarter valued at $193,000. Finally, Longboard Asset Management LP bought a new position in REV Group in the 2nd quarter worth $221,000.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on REVG. Weiss Ratings restated a “buy (b)” rating on shares of REV Group in a report on Wednesday, October 8th. Zacks Research upgraded REV Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Morgan Stanley set a $55.00 target price on REV Group in a report on Tuesday, November 4th. DA Davidson lowered REV Group from a “buy” rating to a “neutral” rating and cut their price target for the stock from $68.00 to $57.00 in a report on Friday, October 31st. Finally, Baird R W cut REV Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, REV Group presently has an average rating of “Hold” and an average target price of $49.25.

REV Group Stock Down 0.8%

REVG stock opened at $56.35 on Friday. REV Group, Inc. has a twelve month low of $26.51 and a twelve month high of $64.47. The company has a quick ratio of 0.53, a current ratio of 1.63 and a debt-to-equity ratio of 0.23. The company has a market cap of $2.75 billion, a PE ratio of 26.58 and a beta of 1.13. The business’s 50-day simple moving average is $54.74 and its 200 day simple moving average is $51.28.

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

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.