UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 23,935 Shares of REV Group, Inc. (NYSE:REVG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in REV Group, Inc. (NYSE:REVG - Free Report) by 27.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,435 shares of the company's stock after purchasing an additional 23,935 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.21% of REV Group worth $3,520,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in REVG. New Age Alpha Advisors LLC bought a new stake in shares of REV Group in the 4th quarter worth about $40,000. Pictet Asset Management Holding SA bought a new stake in REV Group in the fourth quarter valued at about $202,000. Cerity Partners LLC acquired a new stake in REV Group during the fourth quarter valued at approximately $205,000. Bridgefront Capital LLC bought a new position in REV Group during the 4th quarter worth approximately $216,000. Finally, Brevan Howard Capital Management LP acquired a new position in shares of REV Group in the 4th quarter worth approximately $220,000.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. The Goldman Sachs Group lifted their target price on REV Group from $26.00 to $30.00 and gave the company a "sell" rating in a research note on Tuesday, May 27th. Morgan Stanley lowered REV Group from an "equal weight" rating to an "underweight" rating and set a $33.00 price objective for the company. in a research report on Wednesday, April 16th. DA Davidson increased their target price on REV Group from $39.00 to $51.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Wall Street Zen upgraded REV Group from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $38.00.

REV Group Stock Up 4.5%

Shares of REVG traded up $1.95 during trading hours on Friday, reaching $44.87. The company's stock had a trading volume of 1,554,660 shares, compared to its average volume of 697,793. The company has a 50 day moving average of $34.28 and a two-hundred day moving average of $32.88. 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 price-to-earnings ratio of 9.99 and a beta of 1.12. REV Group, Inc. has a 1-year low of $21.54 and a 1-year high of $45.53.

REV Group (NYSE:REVG - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.13. The firm had revenue of $629.10 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 earnings per share. As a group, research analysts predict that REV Group, Inc. will post 2.12 EPS for the current fiscal year.

REV Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be paid a $0.06 dividend. The ex-dividend date is Friday, June 27th. This represents a $0.24 annualized dividend and a dividend yield of 0.53%. REV Group's payout ratio is 13.48%.

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.