UBS Group AG Lowers Stock Position in REV Group, Inc. $REVG

UBS Group AG lessened its holdings in REV Group, Inc. (NYSE:REVG) by 77.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 46,507 shares of the company’s stock after selling 157,434 shares during the quarter. UBS Group AG’s holdings in REV Group were worth $2,828,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of REVG. Arrowstreet Capital Limited Partnership lifted its position in shares of 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 purchasing an additional 993,153 shares during the period. Neuberger Berman Group LLC lifted its position in REV Group by 52.3% during the third quarter. Neuberger Berman Group LLC now owns 1,478,119 shares of the company’s stock valued at $83,765,000 after acquiring an additional 507,524 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new stake in REV Group during the third quarter valued at approximately $23,607,000. JPMorgan Chase & Co. lifted its position in REV Group by 111.1% during the third quarter. JPMorgan Chase & Co. now owns 539,133 shares of the company’s stock valued at $30,553,000 after acquiring an additional 283,706 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in REV Group by 117.9% during the third quarter. Qube Research & Technologies Ltd now owns 518,006 shares of the company’s stock valued at $29,355,000 after acquiring an additional 280,317 shares during the last quarter.

REV Group Stock Performance

NYSE:REVG opened at $63.90 on Tuesday. REV Group, Inc. has a 52 week low of $31.05 and a 52 week high of $69.92. The firm has a 50 day moving average of $63.90 and a 200 day moving average of $61.98. The company has a quick ratio of 0.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 33.46 and a beta of 1.14.

REV Group 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.