Federated Hermes Inc. Lowers Holdings in REV Group, Inc. $REVG

Federated Hermes Inc. decreased its holdings in REV Group, Inc. (NYSE:REVG) by 9.4% in the second quarter, HoldingsChannel.com reports. The fund owned 425,003 shares of the company’s stock after selling 44,254 shares during the quarter. Federated Hermes Inc.’s holdings in REV Group were worth $20,226,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in REVG. High Ground Investment Management LLP lifted 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 purchasing an additional 35,382 shares in the last quarter. Invesco Ltd. grew its holdings 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 buying an additional 163,026 shares in the last quarter. Neuberger Berman Group LLC raised its position in shares of REV Group by 338.2% during the second quarter. Neuberger Berman Group LLC now owns 970,595 shares of the company’s stock valued at $46,191,000 after buying an additional 749,113 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of REV Group by 46.7% in the second quarter. American Century Companies Inc. now owns 944,647 shares of the company’s stock worth $44,956,000 after buying an additional 300,793 shares in the last quarter. Finally, Aberdeen Group plc bought a new position in shares of REV Group during the first quarter worth $25,796,000.

Analysts Set New Price Targets

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

REV Group Price Performance

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

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.