Kennedy Capital Management LLC Has $29.02 Million Stock Holdings in REV Group, Inc. $REVG

Kennedy Capital Management LLC decreased its position in REV Group, Inc. (NYSE:REVG) by 20.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 512,064 shares of the company’s stock after selling 134,239 shares during the quarter. REV Group makes up approximately 0.6% of Kennedy Capital Management LLC’s portfolio, making the stock its 14th largest holding. Kennedy Capital Management LLC owned 1.05% of REV Group worth $29,019,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of REVG. Arrowstreet Capital Limited Partnership raised its holdings in REV Group by 473.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,203,063 shares of the company’s stock worth $68,178,000 after acquiring an additional 993,153 shares during the period. Neuberger Berman Group LLC grew its position in shares of REV Group by 338.2% in the second quarter. Neuberger Berman Group LLC now owns 970,595 shares of the company’s stock valued at $46,191,000 after purchasing an additional 749,113 shares during the last quarter. Jupiter Asset Management Ltd. bought a new position in shares of REV Group in the third quarter worth about $23,607,000. American Century Companies Inc. lifted its position in shares of REV Group by 46.7% during the 2nd quarter. American Century Companies Inc. now owns 944,647 shares of the company’s stock worth $44,956,000 after purchasing an additional 300,793 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in REV Group by 111.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 539,133 shares of the company’s stock valued at $30,553,000 after purchasing an additional 283,706 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Zacks Research raised REV Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Weiss Ratings reiterated a “buy (b-)” rating on shares of REV Group in a report on Wednesday, December 24th. Finally, Robert W. Baird restated a “neutral” rating and issued a $55.00 price objective (down from $64.00) on shares of REV Group in a research note on Monday, December 1st. One 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $49.25.

REV Group Price Performance

REVG stock remained flat at $63.90 during trading on Friday. REV Group, Inc. has a 52-week low of $26.51 and a 52-week high of $69.92. The stock has a market capitalization 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 $65.02 and a 200-day simple moving average of $59.66. 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 posted its quarterly earnings results on Wednesday, December 10th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.78 by $0.05. The firm had revenue of $664.40 million during the quarter, compared to analysts’ expectations of $646.77 million. REV Group had a return on equity of 31.67% and a net margin of 3.86%.The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 EPS. Sell-side analysts expect that REV Group, Inc. will post 2.12 earnings per share for the current year.

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.