Cookson Peirce & Co. Inc. Invests $1.24 Million in REV Group, Inc. $REVG

Cookson Peirce & Co. Inc. acquired a new position in shares of REV Group, Inc. (NYSE:REVG) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 21,786 shares of the company’s stock, valued at approximately $1,235,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Neuberger Berman Group LLC lifted its position in shares of REV Group by 338.2% during the second quarter. Neuberger Berman Group LLC now owns 970,595 shares of the company’s stock valued at $46,191,000 after buying an additional 749,113 shares during the last quarter. American Century Companies Inc. grew its position in shares of REV Group by 46.7% in the 2nd quarter. American Century Companies Inc. now owns 944,647 shares of the company’s stock worth $44,956,000 after buying an additional 300,793 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of REV Group during the 2nd quarter worth approximately $9,990,000. Bragg Financial Advisors Inc lifted its position in REV Group by 52.7% during the second quarter. Bragg Financial Advisors Inc now owns 562,270 shares of the company’s stock valued at $26,758,000 after acquiring an additional 193,962 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in REV Group by 125.7% in the second quarter. JPMorgan Chase & Co. now owns 255,427 shares of the company’s stock valued at $12,156,000 after acquiring an additional 142,243 shares in the last quarter.

Analysts Set New Price Targets

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

REV Group Stock Performance

REV Group stock opened at $63.90 on Friday. The stock has a 50-day moving average price of $63.64 and a 200 day moving average price of $57.92. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 33.46 and a beta of 1.14. REV Group, Inc. has a 52 week low of $26.51 and a 52 week high of $69.92. The company has a quick ratio of 0.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.10.

REV Group (NYSE:REVG) last issued its quarterly earnings results on Wednesday, December 10th. The company reported $0.83 earnings per share for the quarter, topping 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 company had revenue of $664.40 million for the quarter, compared to the consensus estimate of $646.77 million. During the same quarter in the prior year, the company earned $0.51 EPS. REV Group’s quarterly revenue was up 11.1% on a year-over-year basis. Sell-side analysts anticipate that REV Group, Inc. will post 2.12 EPS for the current year.

REV Group Dividend Announcement

The firm also recently announced 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 of this dividend was Wednesday, December 24th. REV Group’s dividend payout ratio (DPR) is 12.57%.

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.