Arrowstreet Capital Limited Partnership Takes Position in REV Group, Inc. $REVG

Arrowstreet Capital Limited Partnership bought a new stake in shares of REV Group, Inc. (NYSE:REVG) during the 2nd quarter, HoldingsChannel reports. The firm bought 209,910 shares of the company’s stock, valued at approximately $9,990,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. American Century Companies Inc. increased its position in shares of REV Group by 345.5% during 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. Seven Six Capital Management LLC grew its stake in REV Group by 4.7% during the 1st quarter. Seven Six Capital Management LLC now owns 92,458 shares of the company’s stock valued at $2,922,000 after purchasing an additional 4,150 shares in the last quarter. Invesco Ltd. grew its stake in REV Group by 9.4% during the 1st quarter. Invesco Ltd. now owns 1,894,583 shares of the company’s stock valued at $59,869,000 after purchasing an additional 163,026 shares in the last quarter. Synovus Financial Corp increased its holdings in REV Group by 13.8% during the 1st quarter. Synovus Financial Corp now owns 39,078 shares of the company’s stock worth $1,235,000 after purchasing an additional 4,743 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of REV Group in the 1st quarter valued at approximately $4,263,000.

REV Group Stock Down 0.1%

Shares of REV Group stock opened at $55.74 on Wednesday. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 26.29 and a beta of 1.13. REV Group, Inc. has a twelve month low of $26.51 and a twelve month high of $64.47. The company has a current ratio of 1.63, a quick ratio of 0.53 and a debt-to-equity ratio of 0.23. The business’s 50 day simple moving average is $54.71 and its 200-day simple moving average is $51.73.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on REVG. DA Davidson cut 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 note on Friday, October 31st. Baird R W downgraded shares of REV Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. Robert W. Baird reissued a “neutral” rating and set a $55.00 price objective (down from $64.00) on shares of REV Group in a report on Monday, December 1st. Morgan Stanley set a $55.00 target price on shares of REV Group in a research note on Tuesday, November 4th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of REV Group in a research note on Wednesday, October 8th. One research 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 data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $49.25.

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.