Jupiter Asset Management Ltd. Acquires New Holdings in REV Group, Inc. $REVG

Jupiter Asset Management Ltd. bought a new stake in REV Group, Inc. (NYSE:REVG) during the third quarter, Holdings Channel.com reports. The institutional investor bought 416,578 shares of the company’s stock, valued at approximately $23,607,000.

A number of other institutional investors have also made changes to their positions in REVG. Smartleaf Asset Management LLC raised its stake in shares of REV Group by 298.5% in the 3rd 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 period. Covestor Ltd boosted its position in shares of REV Group by 22,600.0% during the 3rd quarter. Covestor Ltd now owns 681 shares of the company’s stock worth $39,000 after purchasing an additional 678 shares during the period. Canada Pension Plan Investment Board acquired a new stake in REV Group in the 2nd quarter valued at approximately $38,000. Farther Finance Advisors LLC raised its position in REV Group by 19.1% in the third quarter. Farther Finance Advisors LLC now owns 1,131 shares of the company’s stock valued at $64,000 after purchasing an additional 181 shares during the period. Finally, AlphaQuest LLC raised its position in REV Group by 5,215.4% in 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 during the period.

Analyst Ratings Changes

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

REV Group Price Performance

REVG stock opened at $63.90 on Friday. The company’s 50 day moving average price is $64.25 and its 200 day moving average price is $58.44. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.49 and a current ratio of 1.51. REV Group, Inc. has a fifty-two week low of $26.51 and a fifty-two week high of $69.92. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 33.46 and a beta of 1.14.

REV Group (NYSE:REVG) last issued its quarterly 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. 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 during the quarter, compared to the consensus estimate of $646.77 million. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. On average, equities research analysts anticipate that REV Group, Inc. will post 2.12 EPS for the current fiscal year.

REV Group Dividend Announcement

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