Two Sigma Investments LP decreased its holdings in REV Group, Inc. (NYSE:REVG - Free Report) by 23.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,100 shares of the company's stock after selling 8,300 shares during the quarter. Two Sigma Investments LP owned about 0.05% of REV Group worth $864,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the business. FMR LLC grew its holdings in REV Group by 26.7% in the fourth quarter. FMR LLC now owns 7,819,739 shares of the company's stock valued at $249,215,000 after purchasing an additional 1,646,293 shares during the last quarter. Invesco Ltd. grew its holdings in REV Group by 43.4% in the fourth quarter. Invesco Ltd. now owns 1,731,557 shares of the company's stock valued at $55,185,000 after purchasing an additional 524,369 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in REV Group in the fourth quarter valued at $9,749,000. SG Capital Management LLC acquired a new stake in REV Group in the fourth quarter valued at $8,203,000. Finally, JPMorgan Chase & Co. grew its holdings in REV Group by 249.5% in the fourth quarter. JPMorgan Chase & Co. now owns 191,481 shares of the company's stock valued at $6,102,000 after purchasing an additional 136,700 shares during the last quarter.
Wall Street Analyst Weigh In
Several analysts have weighed in on REVG shares. Morgan Stanley lowered 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. Wall Street Zen raised REV Group from a "buy" rating to a "strong-buy" rating in a report on Friday. 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, The Goldman Sachs Group increased their price objective on REV Group from $26.00 to $30.00 and gave the company a "sell" rating in a research note on Tuesday, May 27th. Two analysts have rated the stock with a sell rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, REV Group has a consensus rating of "Hold" and a consensus price target of $38.00.
Read Our Latest Analysis on REVG
REV Group Stock Up 4.5%
REVG opened at $44.87 on Friday. The company has a quick ratio of 0.43, a current ratio of 1.72 and a debt-to-equity ratio of 0.20. The firm has a market cap of $2.32 billion, a P/E ratio of 9.99 and a beta of 1.12. REV Group, Inc. has a 52 week low of $21.54 and a 52 week high of $45.54. The business's fifty day simple moving average is $34.53 and its 200 day simple moving average is $32.98.
REV Group (NYSE:REVG - Get Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.13. The business had revenue of $629.10 million for the quarter, compared to analyst estimates of $603.51 million. REV Group had a return on equity of 17.74% and a net margin of 10.82%. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.39 earnings per share. As a group, equities research analysts anticipate that REV Group, Inc. will post 2.12 EPS for the current fiscal year.
REV Group Dividend Announcement
The firm 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 dividend of $0.06 per share. The ex-dividend date is Friday, June 27th. This represents a $0.24 annualized dividend and a yield of 0.53%. REV Group's dividend payout ratio (DPR) is presently 13.48%.
About REV Group
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding REVG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for REV Group, Inc. (NYSE:REVG - Free Report).
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