Wealth Enhancement Advisory Services LLC Sells 196,846 Shares of REV Group, Inc. $REVG

Key Points

• Wealth Enhancement sold 196,846 shares of REV Group, trimming its stake by 76.0% to 62,190 shares valued at about $4.10 million (0.13% ownership).
• Several large institutions increased positions—Vanguard now holds 5,126,206 shares (~$290.5M) and firms like Neuberger, Arrowstreet, State Street and American Century materially raised their stakes.
• REVG trades near $63.90 with a $3.12B market cap and a P/E of 33.46, while analysts' consensus is an average "Hold" with a $49.25 price target, below the current share price.

Wealth Enhancement Advisory Services LLC trimmed its position in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 76.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 62,190 shares of the company's stock after selling 196,846 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.13% of REV Group worth $4,102,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of REV Group by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,126,206 shares of the company's stock valued at $290,502,000 after buying an additional 30,651 shares during the last quarter. Neuberger Berman Group LLC increased its holdings 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 acquiring an additional 507,524 shares during the last quarter. State Street Corp increased its holdings 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 acquiring an additional 135,875 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake 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 valued at $68,178,000 after acquiring an additional 993,153 shares during the period. Finally, American Century Companies Inc. raised its stake 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 valued at $59,823,000 after acquiring an additional 110,998 shares during the period.

REV Group Stock Performance

NYSE:REVG opened at $63.90 on Tuesday. The business's fifty day moving average is $64.38 and its 200 day moving average is $60.21. The firm has a market cap 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 quick ratio of 0.49 and a current ratio of 1.51. REV Group, Inc. has a 52-week low of $26.51 and a 52-week high of $69.92.

Analyst Ratings Changes

REVG has been the subject of a number of research reports. Robert W. Baird reiterated a "neutral" rating and set a $55.00 target price (down from $64.00) on shares of REV Group in a research report on Monday, December 1st. Weiss Ratings reissued a "buy (b-)" rating on shares of REV Group in a research report on Wednesday, December 24th. Finally, Zacks Research upgraded shares of REV Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, REV Group presently has an average rating of "Hold" and an average price target of $49.25.

REV Group Company Profile

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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