Los Angeles Capital Management LLC Acquires 49,397 Shares of REV Group, Inc. (NYSE:REVG)

Los Angeles Capital Management LLC grew its holdings in REV Group, Inc. (NYSE:REVG - Free Report) by 52.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 143,986 shares of the company's stock after purchasing an additional 49,397 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.24% of REV Group worth $2,616,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new position in shares of REV Group during the third quarter valued at approximately $117,000. Commonwealth Equity Services LLC acquired a new stake in shares of REV Group during the third quarter worth $306,000. Raymond James & Associates purchased a new position in REV Group during the third quarter worth about $230,000. Bank of New York Mellon Corp boosted its stake in REV Group by 1.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 324,516 shares of the company's stock worth $5,192,000 after buying an additional 3,820 shares during the last quarter. Finally, LSV Asset Management lifted its holdings in shares of REV Group by 20.9% during the 3rd quarter. LSV Asset Management now owns 141,389 shares of the company's stock worth $2,262,000 after acquiring an additional 24,489 shares during the period.

REV Group Price Performance

Shares of REVG traded up $0.25 during trading hours on Tuesday, hitting $24.17. 506,492 shares of the company were exchanged, compared to its average volume of 859,960. REV Group, Inc. has a one year low of $9.85 and a one year high of $25.17. The company has a market capitalization of $1.25 billion, a PE ratio of 5.98 and a beta of 1.67. The firm has a fifty day simple moving average of $21.02 and a 200-day simple moving average of $18.43.

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

REV Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Wednesday, March 27th. REV Group's payout ratio is presently 4.94%.

Wall Street Analysts Forecast Growth

REVG has been the topic of a number of research analyst reports. StockNews.com lowered shares of REV Group from a "strong-buy" rating to a "buy" rating in a report on Thursday, April 25th. The Goldman Sachs Group increased their target price on REV Group from $18.00 to $20.00 and gave the company a "sell" rating in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $17.60.

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.