Wealth Enhancement Advisory Services LLC Purchases 52,332 Shares of REV Group, Inc. (NYSE:REVG)

Wealth Enhancement Advisory Services LLC boosted its position in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 24.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 265,199 shares of the company's stock after acquiring an additional 52,332 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.51% of REV Group worth $8,452,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of REVG. New Age Alpha Advisors LLC purchased a new position in REV Group in the 4th quarter worth approximately $40,000. McIlrath & Eck LLC grew its stake in REV Group by 31.5% in the 4th quarter. McIlrath & Eck LLC now owns 1,435 shares of the company's stock worth $46,000 after buying an additional 344 shares in the last quarter. Pictet Asset Management Holding SA purchased a new position in REV Group in the 4th quarter worth approximately $202,000. Cerity Partners LLC purchased a new position in REV Group in the 4th quarter worth approximately $205,000. Finally, Bridgefront Capital LLC purchased a new position in REV Group in the 4th quarter worth approximately $216,000.

REV Group Trading Up 15.8%

Shares of REVG traded up $5.89 during mid-day trading on Wednesday, reaching $43.11. The company's stock had a trading volume of 2,547,884 shares, compared to its average volume of 693,398. The stock has a market cap of $2.23 billion, a PE ratio of 9.60 and a beta of 1.12. The company has a current ratio of 1.72, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20. REV Group, Inc. has a 52 week low of $21.54 and a 52 week high of $44.57. The company's fifty day moving average price is $33.84 and its two-hundred day moving average price is $32.72.

REV Group (NYSE:REVG - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.13. The firm had revenue of $629.10 million during 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%. The business's quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 EPS. On average, analysts predict that REV Group, Inc. will post 2.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

REVG has been the subject of a number of research reports. Morgan Stanley cut 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 research note on Wednesday, April 16th. Wall Street Zen raised shares of REV Group from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Finally, The Goldman Sachs Group boosted their price objective 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. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, REV Group currently has an average rating of "Hold" and an average target price of $35.00.

About REV Group

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.