REV Group, Inc. $REVG Shares Sold by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC reduced its position in REV Group, Inc. (NYSE:REVG) by 35.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,677 shares of the company’s stock after selling 20,306 shares during the quarter. Anchor Capital Advisors LLC’s holdings in REV Group were worth $2,078,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in REVG. Farther Finance Advisors LLC boosted its position in shares of REV Group by 19.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,131 shares of the company’s stock worth $64,000 after purchasing an additional 181 shares in the last quarter. RD Lewis Holdings Inc. raised its stake in REV Group by 3.0% in the second quarter. RD Lewis Holdings Inc. now owns 6,900 shares of the company’s stock valued at $345,000 after buying an additional 200 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in REV Group by 4.3% in the second quarter. Ameritas Investment Partners Inc. now owns 5,249 shares of the company’s stock worth $250,000 after acquiring an additional 218 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of REV Group by 2.6% during the second quarter. Osaic Holdings Inc. now owns 9,545 shares of the company’s stock worth $454,000 after acquiring an additional 239 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey increased its holdings in shares of REV Group by 2.6% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 11,515 shares of the company’s stock valued at $548,000 after acquiring an additional 289 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have weighed in on REVG shares. Morgan Stanley set a $55.00 target price on shares of REV Group in a research report on Tuesday, November 4th. Zacks Research upgraded shares of REV Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of REV Group in a report on Wednesday, December 24th. DA Davidson lowered REV Group from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $68.00 to $57.00 in a research note on Friday, October 31st. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $55.00 price target (down previously from $64.00) on shares of REV Group in a research report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $49.25.

REV Group Price Performance

Shares of NYSE REVG opened at $67.99 on Thursday. 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 stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 35.60 and a beta of 1.14. The firm’s 50 day simple moving average is $59.50 and its 200-day simple moving average is $55.97. REV Group, Inc. has a 12 month low of $26.51 and a 12 month high of $69.52.

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

REV Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th were given a dividend of $0.06 per share. The ex-dividend date was Wednesday, December 24th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. REV Group’s dividend payout ratio (DPR) is 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.