Westover Capital Advisors LLC Purchases New Shares in REV Group, Inc. $REVG

Westover Capital Advisors LLC bought a new stake in REV Group, Inc. (NYSE:REVG) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 14,026 shares of the company’s stock, valued at approximately $795,000.

Several other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its holdings in REV Group by 298.5% in the third quarter. Smartleaf Asset Management LLC now owns 546 shares of the company’s stock valued at $31,000 after acquiring an additional 409 shares during the last quarter. Covestor Ltd boosted its holdings in shares of REV Group by 22,600.0% during the third quarter. Covestor Ltd now owns 681 shares of the company’s stock worth $39,000 after purchasing an additional 678 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of REV Group in the second quarter worth $38,000. Farther Finance Advisors LLC lifted its holdings in REV Group by 19.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,131 shares of the company’s stock worth $64,000 after buying an additional 181 shares during the last quarter. Finally, AlphaQuest LLC raised its stake 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 valued at $66,000 after purchasing an additional 1,356 shares in the last quarter.

REV Group Stock Performance

Shares of NYSE REVG opened at $63.90 on Thursday. The stock 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 50 day simple moving average of $63.34 and a two-hundred day simple moving average of $57.77. 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 posted its quarterly earnings data 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. REV Group had a return on equity of 31.67% and a net margin of 3.86%.The business had revenue of $664.40 million for the quarter, compared to analyst estimates of $646.77 million. During the same quarter in the prior year, the company earned $0.51 earnings per share. The company’s revenue was up 11.1% on a year-over-year basis. As a group, analysts predict 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 given a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $0.24 annualized dividend and a yield of 0.4%. REV Group’s payout ratio is 12.57%.

Wall Street Analyst Weigh In

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

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.