Millennium Management LLC Makes New Investment in REV Group, Inc. (NYSE:REVG)

Millennium Management LLC acquired a new position in shares of REV Group, Inc. (NYSE:REVG - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,098 shares of the company's stock, valued at approximately $513,000.

Several other large investors also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of REV Group by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,206 shares of the company's stock worth $931,000 after purchasing an additional 1,109 shares during the last quarter. Gotham Asset Management LLC bought a new stake in shares of REV Group during the fourth quarter worth $476,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of REV Group by 1,579.8% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 70,600 shares of the company's stock worth $2,250,000 after purchasing an additional 66,397 shares during the last quarter. Brevan Howard Capital Management LP bought a new stake in shares of REV Group during the fourth quarter worth $220,000. Finally, Bridgefront Capital LLC bought a new stake in shares of REV Group during the fourth quarter worth $216,000.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on REVG shares. Morgan Stanley cut REV Group from an "equal weight" rating to an "underweight" rating and set a $33.00 target price on the stock. in a report on Wednesday, April 16th. DA Davidson raised their price target on REV Group from $39.00 to $51.00 and gave the company a "buy" rating in a report on Thursday. The Goldman Sachs Group raised their price target on REV Group from $26.00 to $30.00 and gave the company a "sell" rating in a report on Tuesday, May 27th. Finally, Wall Street Zen upgraded REV Group from a "buy" rating to a "strong-buy" rating in a report on Friday. Two analysts have rated the stock with a sell rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, REV Group presently has a consensus rating of "Hold" and an average target price of $38.00.

REV Group Price Performance

REV Group stock opened at $44.87 on Monday. The business's 50-day simple moving average is $34.53 and its 200 day simple moving average is $33.03. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 9.99 and a beta of 1.12. REV Group, Inc. has a 12-month low of $21.54 and a 12-month high of $45.54. The company has a quick ratio of 0.43, a current ratio of 1.72 and a debt-to-equity ratio of 0.20.

REV Group (NYSE:REVG - Get Free Report) last issued its earnings results on Wednesday, June 4th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.13. REV Group had a return on equity of 17.74% and a net margin of 10.82%. The firm had revenue of $629.10 million for the quarter, compared to analysts' expectations of $603.51 million. During the same quarter last year, the business earned $0.39 earnings per share. The company's revenue was up 2.0% compared to the same quarter last year. As a group, research analysts anticipate that REV Group, Inc. will post 2.12 earnings per share for the current year.

REV Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Friday, June 27th. REV Group's dividend payout ratio (DPR) is currently 12.77%.

About REV Group

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.

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