Ritholtz Wealth Management Has $2.63 Million Stock Position in REV Group, Inc. $REVG

Key Points

• Ritholtz Wealth Management lifted its stake in REV Group by 62.5% in Q4 to 43,289 shares, a holding worth $2.63 million (about 0.09% of the company).
• REV Group shares are trading near a 12‑month high (around $63.90), giving the company a market cap of $3.12 billion and a P/E ratio of 33.46.
• Analyst views are mixed: MarketBeat's consensus is a Hold with an average price target of $49.25, despite recent upgrades from Zacks and a Weiss Ratings "buy."

Ritholtz Wealth Management lifted its stake in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 62.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,289 shares of the company's stock after purchasing an additional 16,654 shares during the quarter. Ritholtz Wealth Management owned 0.09% of REV Group worth $2,632,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its position in shares of 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. IFP Advisors Inc lifted its position in shares of REV Group by 798.5% during the 3rd quarter. IFP Advisors Inc now owns 593 shares of the company's stock worth $34,000 after buying an additional 527 shares during the last quarter. Covestor Ltd lifted 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 worth $39,000 after buying an additional 678 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of REV Group during the 2nd quarter worth $38,000. Finally, Farther Finance Advisors LLC lifted its position in shares of REV Group by 19.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,131 shares of the company's stock worth $64,000 after buying an additional 181 shares during the last quarter.

REV Group Price Performance

Shares of REVG stock opened at $63.90 on Monday. The company has a quick ratio of 0.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.10. REV Group, Inc. has a twelve month low of $26.51 and a twelve month high of $69.92. The company has a market cap of $3.12 billion, a P/E ratio of 33.46 and a beta of 1.14. The business has a fifty day simple moving average of $63.86 and a 200 day simple moving average of $60.49.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Weiss Ratings restated 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 given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, REV Group presently has a consensus rating of "Hold" and an average price target of $49.25.

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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