Public Employees Retirement System of Ohio Reduces Position in REV Group, Inc. (NYSE:REVG)

Public Employees Retirement System of Ohio lowered its holdings in REV Group, Inc. (NYSE:REVG - Free Report) by 93.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 811 shares of the company's stock after selling 10,890 shares during the period. Public Employees Retirement System of Ohio's holdings in REV Group were worth $26,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of REVG. New Age Alpha Advisors LLC acquired a new position in REV Group in the fourth quarter worth about $40,000. McIlrath & Eck LLC lifted its stake in REV Group by 31.5% during the fourth quarter. McIlrath & Eck LLC now owns 1,435 shares of the company's stock worth $46,000 after purchasing an additional 344 shares during the last quarter. Pictet Asset Management Holding SA acquired a new position in REV Group in the fourth quarter worth $202,000. Cerity Partners LLC bought a new stake in REV Group during the fourth quarter valued at $205,000. Finally, RD Lewis Holdings Inc. bought a new stake in REV Group during the fourth quarter valued at $228,000.

Wall Street Analyst Weigh In

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

REV Group Stock Up 4.5%

REVG stock opened at $44.87 on Friday. The stock has a market cap of $2.19 billion, a PE ratio of 9.99 and a beta of 1.12. The firm's 50-day simple moving average is $34.53 and its 200 day simple moving average is $33.01. REV Group, Inc. has a fifty-two week low of $21.54 and a fifty-two week 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 announced its quarterly earnings results on Wednesday, June 4th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.57 by $0.13. The company had revenue of $629.10 million for the quarter, compared to analyst estimates of $603.51 million. REV Group had a net margin of 10.82% and a return on equity of 17.74%. REV Group's revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.39 earnings per share. As a group, sell-side analysts predict that REV Group, Inc. will post 2.12 EPS for the current year.

REV Group Dividend Announcement

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

REV Group Company 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.

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