Aberdeen Group plc Trims Stock Position in REV Group, Inc. $REVG

Aberdeen Group plc decreased its holdings in REV Group, Inc. (NYSE:REVG) by 21.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 552,010 shares of the company’s stock after selling 150,674 shares during the quarter. Aberdeen Group plc’s holdings in REV Group were worth $31,139,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Cookson Peirce & Co. Inc. purchased a new stake in REV Group in the third quarter worth about $1,235,000. Westover Capital Advisors LLC bought a new position in REV Group during the third quarter valued at $795,000. LSV Asset Management increased its holdings in shares of REV Group by 4.1% in the 3rd quarter. LSV Asset Management now owns 470,398 shares of the company’s stock worth $26,657,000 after buying an additional 18,731 shares during the last quarter. Navellier & Associates Inc. increased its position in shares of REV Group by 68.1% during the 3rd quarter. Navellier & Associates Inc. now owns 31,760 shares of the company’s stock valued at $1,800,000 after purchasing an additional 12,866 shares during the last quarter. Finally, Plato Investment Management Ltd purchased a new position in REV Group during the third quarter worth $253,000.

Wall Street Analyst Weigh In

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

REV Group Stock Performance

Shares of REVG opened at $63.90 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.49 and a current ratio of 1.51. REV Group, Inc. has a one year low of $26.51 and a one year high of $69.92. The stock has a market cap of $3.12 billion, a P/E ratio of 33.46 and a beta of 1.14. The stock has a 50-day moving average of $63.80 and a two-hundred day moving average of $58.15.

REV Group (NYSE:REVG) last issued its earnings results on Wednesday, December 10th. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.05. The firm had revenue of $664.40 million for the quarter, compared to analyst estimates of $646.77 million. REV Group had a return on equity of 31.67% and a net margin of 3.86%.REV Group’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 earnings per share. As a group, research analysts predict that REV Group, Inc. will post 2.12 EPS for the current year.

REV Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th were paid 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 presently 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.