Hennion & Walsh Asset Management Inc. Sells 14,084 Shares of REV Group, Inc. $REVG

Hennion & Walsh Asset Management Inc. cut its stake in shares of REV Group, Inc. (NYSE:REVG) by 60.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 9,143 shares of the company’s stock after selling 14,084 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in REV Group were worth $556,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of REVG. Smartleaf Asset Management LLC increased its holdings in REV Group by 298.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 546 shares of the company’s stock worth $31,000 after purchasing an additional 409 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of REV Group by 798.5% during the third quarter. IFP Advisors Inc now owns 593 shares of the company’s stock valued at $34,000 after purchasing an additional 527 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of REV Group during the second quarter worth about $38,000. Covestor Ltd increased its stake in shares of REV Group by 22,600.0% in the third quarter. Covestor Ltd now owns 681 shares of the company’s stock valued at $39,000 after buying an additional 678 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of REV Group by 19.1% in the third quarter. Farther Finance Advisors LLC now owns 1,131 shares of the company’s stock valued at $64,000 after buying an additional 181 shares during the period.

Wall Street Analyst Weigh In

REVG has been the topic of several recent research reports. Zacks Research upgraded shares of REV Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of REV Group in a research note on Wednesday, December 24th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, REV Group currently has an average rating of “Hold” and an average price target of $49.25.

REV Group Stock Performance

Shares of REVG stock opened at $63.90 on Friday. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 33.46 and a beta of 1.14. The stock has a 50-day moving average of $64.08 and a 200-day moving average of $60.30. The company has a current ratio of 1.51, a quick ratio of 0.49 and a debt-to-equity ratio of 0.10. REV Group, Inc. has a 1-year low of $26.51 and a 1-year high of $69.92.

REV Group Company 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.