Squarepoint Ops LLC Has $1.35 Million Stock Position in REV Group, Inc. $REVG

Squarepoint Ops LLC reduced its position in shares of REV Group, Inc. (NYSE:REVG) by 55.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 28,401 shares of the company’s stock after selling 36,002 shares during the quarter. Squarepoint Ops LLC’s holdings in REV Group were worth $1,352,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of REVG. Neuberger Berman Group LLC grew its position in shares of REV Group by 338.2% during the 2nd quarter. Neuberger Berman Group LLC now owns 970,595 shares of the company’s stock worth $46,191,000 after buying an additional 749,113 shares during the period. American Century Companies Inc. boosted its stake in REV Group by 345.5% in the first quarter. American Century Companies Inc. now owns 643,854 shares of the company’s stock valued at $20,346,000 after acquiring an additional 499,328 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in REV Group during the 2nd quarter worth $9,990,000. Nuveen LLC bought a new stake in shares of REV Group during the 1st quarter valued at $6,236,000. Finally, Bragg Financial Advisors Inc raised its position in shares of REV Group by 52.7% during the 2nd quarter. Bragg Financial Advisors Inc now owns 562,270 shares of the company’s stock valued at $26,758,000 after acquiring an additional 193,962 shares during the last quarter.

Analyst Ratings Changes

REVG has been the subject of a number of analyst reports. DA Davidson cut REV Group from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $68.00 to $57.00 in a research note on Friday, October 31st. Robert W. Baird restated a “neutral” rating and set a $55.00 target price (down previously from $64.00) on shares of REV Group in a report on Monday, December 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of REV Group in a research note on Wednesday, October 8th. Zacks Research lowered shares of REV Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Finally, 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. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $49.25.

REV Group Trading Up 1.4%

NYSE:REVG opened at $61.27 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.51 and a quick ratio of 0.49. The business’s 50-day simple moving average is $55.48 and its 200-day simple moving average is $52.89. REV Group, Inc. has a fifty-two week low of $26.51 and a fifty-two week high of $64.47. The stock has a market capitalization of $2.99 billion, a PE ratio of 32.08 and a beta of 1.13.

REV Group (NYSE:REVG) last announced its earnings results on Wednesday, December 10th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.78 by $0.05. REV Group had a net margin of 3.86% and a return on equity of 31.67%. The firm had revenue of $664.40 million for the quarter, compared to the consensus estimate of $646.77 million. During the same period last year, the company posted $0.51 EPS. The business’s quarterly revenue was up 11.1% on a year-over-year basis. Sell-side analysts expect that REV Group, Inc. will post 2.12 earnings per share for the current fiscal year.

REV Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Wednesday, December 24th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, December 24th. REV Group’s payout ratio is currently 12.57%.

REV Group Profile

REV Group, Inc (NYSE: REVG) is a diversified manufacturer of specialty vehicles serving public safety, healthcare, transportation and recreation markets. The company designs, engineers and produces a broad range of products, including fire and emergency apparatus, transit and shuttle buses, work trucks, ambulances and recreational vehicles. Through its integrated platform, REV Group combines engineering expertise with customer-focused assembly to deliver purpose-built solutions that meet the exact specifications of fleet operators, municipalities and individual consumers.

The company’s product portfolio is organized into three primary segments.