American Century Companies Inc. Has $59.82 Million Stock Holdings in REV Group, Inc. $REVG

American Century Companies Inc. increased its holdings in shares of REV Group, Inc. (NYSE:REVG) by 11.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,055,645 shares of the company’s stock after purchasing an additional 110,998 shares during the period. American Century Companies Inc.’s holdings in REV Group were worth $59,823,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its holdings in shares of REV Group by 298.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 546 shares of the company’s stock worth $31,000 after buying an additional 409 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of REV Group in the 2nd quarter valued at $38,000. Covestor Ltd increased its stake in shares of REV Group by 22,600.0% in the 3rd quarter. Covestor Ltd now owns 681 shares of the company’s stock valued at $39,000 after acquiring an additional 678 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of REV Group by 19.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,131 shares of the company’s stock valued at $64,000 after acquiring an additional 181 shares during the period. Finally, AlphaQuest LLC boosted its stake in REV Group by 5,215.4% during the second quarter. AlphaQuest LLC now owns 1,382 shares of the company’s stock worth $66,000 after acquiring an additional 1,356 shares in the last quarter.

Analysts Set New Price Targets

Several research firms have weighed in on REVG. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of REV Group in a research note on Wednesday, December 24th. Robert W. Baird reaffirmed a “neutral” rating and issued a $55.00 target price (down from $64.00) on shares of REV Group in a research report on Monday, December 1st. Finally, Zacks Research raised REV Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $49.25.

REV Group Stock Performance

NYSE REVG opened at $63.90 on Thursday. The company has a current ratio of 1.51, a quick ratio of 0.49 and a debt-to-equity ratio of 0.10. The business has a fifty day simple moving average of $64.73 and a 200 day simple moving average of $59.20. REV Group, Inc. has a 12 month low of $26.51 and a 12 month high of $69.92. The firm has a market capitalization of $3.12 billion, a P/E ratio of 33.46 and a beta of 1.14.

REV Group (NYSE:REVG) last posted its quarterly earnings data 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 business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 EPS. On average, analysts predict that REV Group, Inc. will post 2.12 EPS for the current fiscal year.

REV Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, December 24th. REV Group’s dividend payout ratio 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.