Navellier & Associates Inc. Decreases Stock Position in REV Group, Inc. (NYSE:REVG)

Navellier & Associates Inc. lessened its stake in shares of REV Group, Inc. (NYSE:REVG) by 42.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,333 shares of the company’s stock after selling 14,070 shares during the period. Navellier & Associates Inc.’s holdings in REV Group were worth $542,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Amalgamated Bank lifted its position in shares of REV Group by 67.5% in the second quarter. Amalgamated Bank now owns 1,777 shares of the company’s stock worth $44,000 after buying an additional 716 shares in the last quarter. Farther Finance Advisors LLC increased its stake in REV Group by 27.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company’s stock worth $61,000 after acquiring an additional 461 shares during the last quarter. CWM LLC raised its holdings in shares of REV Group by 525.6% during the 2nd quarter. CWM LLC now owns 4,010 shares of the company’s stock worth $100,000 after acquiring an additional 3,369 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of REV Group by 257.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 7,525 shares of the company’s stock valued at $187,000 after acquiring an additional 5,420 shares during the last quarter. Finally, Atria Investments Inc bought a new position in shares of REV Group during the 3rd quarter valued at approximately $201,000.

REV Group Stock Up 2.1 %

Shares of REVG opened at $29.82 on Friday. The company has a quick ratio of 0.57, a current ratio of 1.85 and a debt-to-equity ratio of 0.54. The business has a fifty day moving average of $28.12 and a 200 day moving average of $27.31. The company has a market cap of $1.55 billion, a PE ratio of 7.12 and a beta of 1.59. REV Group, Inc. has a 52-week low of $14.72 and a 52-week high of $31.85.

REV Group (NYSE:REVG) last released its earnings results on Wednesday, September 4th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.06. The firm had revenue of $579.40 million during the quarter, compared to analyst estimates of $618.70 million. REV Group had a net margin of 9.92% and a return on equity of 18.69%. The business’s revenue was down 14.8% on a year-over-year basis. During the same quarter last year, the business earned $0.31 EPS. On average, sell-side analysts expect that REV Group, Inc. will post 1.42 EPS for the current year.

REV Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, September 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.67%. REV Group’s dividend payout ratio is 4.77%.

Analysts Set New Price Targets

Several brokerages recently weighed in on REVG. The Goldman Sachs Group boosted their price target on shares of REV Group from $22.00 to $25.00 and gave the stock a “sell” rating in a research report on Thursday, September 5th. DA Davidson restated a “buy” rating and issued a $33.00 target price on shares of REV Group in a report on Thursday, September 5th. Finally, StockNews.com downgraded shares of REV Group from a “buy” rating to a “hold” rating in a report on Thursday, September 5th.

REV Group Profile

REV Group, Inc, together with its subsidiaries, designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Canada, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment provides fire apparatus equipment under the Emergency One, Kovatch Mobile Equipment, Ferrara, Spartan Emergency Response, Smeal, Spartan Fire Chassis, and Ladder Tower brand names; and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue, and Wheeled Coach brand names.