REV Group, Inc. $REVG Shares Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. boosted its holdings in shares of REV Group, Inc. (NYSE:REVG) by 6.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 156,400 shares of the company’s stock after acquiring an additional 10,100 shares during the period. Hillsdale Investment Management Inc.’s holdings in REV Group were worth $8,863,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

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

REV Group Price Performance

REVG stock opened at $63.90 on Friday. The company has a market cap of $3.12 billion, a PE ratio of 33.46 and a beta of 1.14. The company has a current ratio of 1.51, a quick ratio of 0.49 and a debt-to-equity ratio of 0.10. The stock has a 50-day moving average price of $64.25 and a two-hundred day moving average price of $58.44. REV Group, Inc. has a 12-month low of $26.51 and a 12-month high of $69.92.

REV Group (NYSE:REVG) last released its quarterly earnings data on Wednesday, December 10th. The company reported $0.83 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 the consensus estimate of $646.77 million. REV Group had a return on equity of 31.67% and a net margin of 3.86%.The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the business posted $0.51 EPS. As a group, research analysts predict that REV Group, Inc. will post 2.12 EPS for the current year.

REV Group Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 0.4%. REV Group’s dividend payout ratio (DPR) is presently 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.