Federated Hermes Inc. Acquires 50,507 Shares of REV Group, Inc. (NYSE:REVG)

Federated Hermes Inc. boosted its holdings in REV Group, Inc. (NYSE:REVG - Free Report) by 13.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 433,160 shares of the company's stock after buying an additional 50,507 shares during the quarter. Federated Hermes Inc. owned approximately 0.73% of REV Group worth $7,871,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in REVG. Wellington Management Group LLP raised its holdings in REV Group by 22.8% in the 3rd quarter. Wellington Management Group LLP now owns 422,103 shares of the company's stock valued at $6,754,000 after buying an additional 78,453 shares during the last quarter. Pinnacle Associates Ltd. bought a new position in REV Group during the 3rd quarter worth approximately $895,000. Charles Schwab Investment Management Inc. raised its holdings in REV Group by 8.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 628,986 shares of the company's stock worth $10,064,000 after purchasing an additional 50,738 shares during the last quarter. Mission Wealth Management LP bought a new position in REV Group during the 3rd quarter worth approximately $616,000. Finally, Vanguard Group Inc. raised its holdings in REV Group by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 3,100,142 shares of the company's stock worth $49,602,000 after purchasing an additional 27,236 shares during the last quarter.

REV Group Price Performance

Shares of NYSE:REVG traded down $0.16 during mid-day trading on Thursday, hitting $21.75. The company had a trading volume of 464,317 shares, compared to its average volume of 871,933. The firm has a fifty day moving average price of $20.53 and a 200 day moving average price of $18.05. The company has a market capitalization of $1.13 billion, a PE ratio of 5.37 and a beta of 1.70. REV Group, Inc. has a one year low of $9.85 and a one year high of $23.85.

REV Group (NYSE:REVG - Get Free Report) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.10. The company had revenue of $586.00 million during the quarter, compared to analyst estimates of $579.42 million. REV Group had a net margin of 9.15% and a return on equity of 16.43%. REV Group's revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.04 EPS. Research analysts expect that REV Group, Inc. will post 1.35 earnings per share for the current fiscal year.

REV Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.92%. The ex-dividend date was Wednesday, March 27th. REV Group's payout ratio is currently 4.94%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. StockNews.com lowered shares of REV Group from a "strong-buy" rating to a "buy" rating in a report on Thursday. The Goldman Sachs Group raised their price target on shares of REV Group from $18.00 to $20.00 and gave the stock a "sell" rating in a report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $17.60.

REV Group 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.