REV Group, Inc. $REVG Shares Sold by Icon Advisers Inc. Co.

Icon Advisers Inc. Co. trimmed its holdings in shares of REV Group, Inc. (NYSE:REVG) by 33.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 80,000 shares of the company’s stock after selling 40,000 shares during the quarter. REV Group accounts for approximately 1.0% of Icon Advisers Inc. Co.’s portfolio, making the stock its 28th biggest position. Icon Advisers Inc. Co. owned about 0.16% of REV Group worth $4,534,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of REVG. Farther Finance Advisors LLC boosted its stake in 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 buying an additional 181 shares during the period. RD Lewis Holdings Inc. raised its stake in shares of REV Group by 3.0% in the 2nd quarter. RD Lewis Holdings Inc. now owns 6,900 shares of the company’s stock valued at $345,000 after acquiring an additional 200 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in shares of REV Group by 4.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,249 shares of the company’s stock worth $250,000 after acquiring an additional 218 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of REV Group by 2.6% in the 2nd quarter. Osaic Holdings Inc. now owns 9,545 shares of the company’s stock worth $454,000 after acquiring an additional 239 shares during the last quarter. Finally, Savant Capital LLC boosted its position in shares of REV Group by 4.4% during the 3rd quarter. Savant Capital LLC now owns 6,615 shares of the company’s stock worth $375,000 after purchasing an additional 278 shares during the period.

REV Group Stock Performance

NYSE REVG opened at $63.90 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.49 and a current ratio of 1.51. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 33.46 and a beta of 1.14. The firm has a 50 day simple moving average of $64.80 and a 200-day simple moving average of $59.31. REV Group, Inc. has a one year low of $26.51 and a one year high of $69.92.

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

REV Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

REVG has been the subject of several research reports. Robert W. Baird reiterated a “neutral” rating and issued a $55.00 target price (down from $64.00) on shares of REV Group in a report on Monday, December 1st. Weiss Ratings restated a “buy (b-)” rating on shares of REV Group in a research report on Wednesday, December 24th. Finally, Zacks Research raised REV Group from a “hold” rating to a “strong-buy” rating in a research note 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $49.25.

About REV Group

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.