REV Group, Inc. $REVG Position Raised by High Ground Investment Management LLP

Key Points

• High Ground Investment Management raised its REV Group stake by 12.2% to 1,464,784 shares (3.00% of the company), worth about $89.07M
• Analysts have an average rating of "Hold" with a consensus price target of $49.25, yet REV Group shares opened near $63.90 (1-year high $69.92), indicating the stock is trading well above the street target; the company has a market cap of $3.12B, P/E of 33.46 and a low debt-to-equity of 0.10.

High Ground Investment Management LLP grew its stake in REV Group, Inc. (NYSE:REVG - Free Report) by 12.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,464,784 shares of the company's stock after purchasing an additional 158,815 shares during the period. REV Group comprises approximately 13.0% of High Ground Investment Management LLP's investment portfolio, making the stock its 5th largest holding. High Ground Investment Management LLP owned 3.00% of REV Group worth $89,074,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position in REV Group by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 5,126,206 shares of the company's stock worth $290,502,000 after purchasing an additional 30,651 shares in the last quarter. Neuberger Berman Group LLC boosted its position in REV Group by 52.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,478,119 shares of the company's stock worth $83,765,000 after purchasing an additional 507,524 shares in the last quarter. State Street Corp boosted its position in REV Group by 11.2% in the 2nd quarter. State Street Corp now owns 1,345,451 shares of the company's stock worth $64,108,000 after purchasing an additional 135,875 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in REV Group by 473.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,203,063 shares of the company's stock worth $68,178,000 after purchasing an additional 993,153 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in REV Group by 11.8% in the 3rd quarter. American Century Companies Inc. now owns 1,055,645 shares of the company's stock worth $59,823,000 after purchasing an additional 110,998 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on REVG shares. Weiss Ratings reiterated a "buy (b-)" rating on shares of REV Group in a research report on Wednesday, December 24th. Zacks Research upgraded REV Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $49.25.

REV Group Stock Performance

Shares of NYSE:REVG opened at $63.90 on Monday. REV Group, Inc. has a 1 year low of $26.51 and a 1 year high of $69.92. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 33.46 and a beta of 1.14. 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 business's 50 day moving average price is $63.86 and its 200-day moving average price is $60.49.

About REV Group

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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