High Ground Investment Management LLP Cuts Position in REV Group, Inc. $REVG

High Ground Investment Management LLP lowered its position in shares of REV Group, Inc. (NYSE:REVG) by 31.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,305,969 shares of the company’s stock after selling 605,624 shares during the period. REV Group accounts for 12.3% of High Ground Investment Management LLP’s portfolio, making the stock its 5th biggest holding. High Ground Investment Management LLP owned about 2.68% of REV Group worth $74,009,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in REV Group during the 3rd quarter valued at about $1,221,000. Virtue Capital Management LLC bought a new position in shares of REV Group in the third quarter valued at approximately $942,000. Lisanti Capital Growth LLC increased its stake in shares of REV Group by 122.5% during the third quarter. Lisanti Capital Growth LLC now owns 79,182 shares of the company’s stock valued at $4,487,000 after acquiring an additional 43,587 shares during the period. JPMorgan Chase & Co. raised its holdings in REV Group by 125.7% during the second quarter. JPMorgan Chase & Co. now owns 255,427 shares of the company’s stock worth $12,156,000 after purchasing an additional 142,243 shares in the last quarter. Finally, Versor Investments LP acquired a new stake in REV Group in the second quarter worth approximately $866,000.

Wall Street Analyst Weigh In

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

REV Group Stock Performance

Shares of REVG opened at $63.50 on Thursday. The company has a 50-day moving average of $62.35 and a two-hundred day moving average of $57.20. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 33.25 and a beta of 1.17. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.51 and a quick ratio of 0.49. REV Group, Inc. has a one year low of $26.51 and a one year high of $69.92.

REV Group (NYSE:REVG) last issued its quarterly earnings results on Wednesday, December 10th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.78 by $0.05. REV Group had a net margin of 3.86% and a return on equity of 31.67%. The business had revenue of $664.40 million during the quarter, compared to the consensus estimate of $646.77 million. During the same quarter in the prior year, the firm earned $0.51 EPS. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. On average, equities research analysts expect that REV Group, Inc. will post 2.12 earnings per share for the current year.

REV Group Announces Dividend

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

REV Group 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.