16,294 Shares in REV Group, Inc. $REVG Purchased by Picton Mahoney Asset Management

Key Points

• Picton Mahoney Asset Management acquired a new stake of 16,294 shares in REV Group (NYSE:REVG) in Q3, valued at approximately $923,000 according to its Form 13F filing.
• REV Group beat quarterly estimates with $0.83 EPS versus $0.78 expected and revenue of $664.4M (up 11.1% YoY), and the stock is trading near its one‑year high (opened at $63.90).
• Analysts are mixed: MarketBeat shows a consensus "Hold" with an average target of $49.25, though some firms have issued strong‑buy or upgraded ratings.

Picton Mahoney Asset Management acquired a new stake in REV Group, Inc. (NYSE:REVG - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,294 shares of the company's stock, valued at approximately $923,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of REVG. Smartleaf Asset Management LLC lifted its holdings in 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 during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of REV Group in the 2nd quarter valued at approximately $38,000. Covestor Ltd raised its position in shares of REV Group by 22,600.0% during 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 stake in REV Group by 19.1% during the third quarter. Farther Finance Advisors LLC now owns 1,131 shares of the company's stock worth $64,000 after purchasing an additional 181 shares during the last quarter. Finally, AlphaQuest LLC lifted 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 purchasing an additional 1,356 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on REVG shares. Weiss Ratings reiterated a "buy (b-)" rating on shares of REV Group in a research note on Wednesday, December 24th. Zacks Research raised shares of REV Group from a "hold" rating to a "strong-buy" rating in a report on Monday, January 12th. Finally, Robert W. Baird reaffirmed a "neutral" rating and set a $55.00 price objective (down 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 given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, REV Group has a consensus rating of "Hold" and an average target price of $49.25.

REV Group Price Performance

Shares of NYSE REVG opened at $63.90 on Friday. 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 firm has a market capitalization of $3.12 billion, a PE ratio of 33.46 and a beta of 1.14. REV Group, Inc. has a 1-year low of $26.51 and a 1-year high of $69.92. The business's fifty day moving average price is $64.80 and its two-hundred day moving average price is $59.31.

REV Group (NYSE:REVG - Get Free Report) last announced its quarterly earnings results on Wednesday, December 10th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.05. REV Group had a net margin of 3.86% and a return on equity of 31.67%. The company had revenue of $664.40 million during the quarter, compared to the consensus estimate of $646.77 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company's revenue for the quarter was up 11.1% compared to the same quarter last year. On average, research analysts expect that REV Group, Inc. will post 2.12 EPS for the current year.

REV Group Dividend Announcement

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

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