REV Group, Inc. $REVG Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lowered its position in shares of REV Group, Inc. (NYSE:REVG) by 15.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 359,770 shares of the company’s stock after selling 65,233 shares during the period. Federated Hermes Inc.’s holdings in REV Group were worth $20,388,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in REVG. Canada Pension Plan Investment Board purchased a new position in REV Group during the 2nd quarter worth approximately $38,000. Covestor Ltd boosted its holdings in shares of REV Group by 22,600.0% in the third quarter. Covestor Ltd now owns 681 shares of the company’s stock valued at $39,000 after acquiring an additional 678 shares during the period. Farther Finance Advisors LLC grew its position in shares of REV Group by 19.1% during the third quarter. Farther Finance Advisors LLC now owns 1,131 shares of the company’s stock worth $64,000 after acquiring an additional 181 shares during the last quarter. AlphaQuest LLC grew its position in shares of REV Group by 5,215.4% during the second quarter. AlphaQuest LLC now owns 1,382 shares of the company’s stock worth $66,000 after acquiring an additional 1,356 shares during the last quarter. Finally, USA Financial Formulas acquired a new position in shares of REV Group in the 3rd quarter valued at $79,000.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Zacks Research upgraded shares of REV Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Morgan Stanley set a $55.00 target price on shares of REV Group in a research note on Tuesday, November 4th. Robert W. Baird restated a “neutral” rating and issued a $55.00 price target (down previously from $64.00) on shares of REV Group in a research report on Monday, December 1st. Weiss Ratings restated a “buy (b-)” rating on shares of REV Group in a research note on Wednesday, December 24th. Finally, DA Davidson cut shares of REV Group from a “buy” rating to a “neutral” rating and cut their price target for the stock from $68.00 to $57.00 in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $49.25.

REV Group Price Performance

REVG stock opened at $63.90 on Friday. The firm has a 50 day moving average of $61.69 and a 200-day moving average of $56.78. The company 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 current ratio of 1.51, a quick ratio of 0.49 and a debt-to-equity ratio of 0.10. REV Group, Inc. has a 12-month low of $26.51 and a 12-month high of $69.92.

REV Group (NYSE:REVG) last released its quarterly earnings results on Wednesday, December 10th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.05. The business had revenue of $664.40 million for the quarter, compared to analysts’ expectations of $646.77 million. REV Group had a return on equity of 31.67% and a net margin of 3.86%.The company’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 EPS. As a group, equities analysts expect that REV Group, Inc. will post 2.12 EPS for the current fiscal year.

REV Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Wednesday, December 24th were given a $0.06 dividend. The ex-dividend date was Wednesday, December 24th. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. REV Group’s payout ratio is currently 12.57%.

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.