Federated Hermes Inc. Trims Holdings in REV Group, Inc. $REVG

Federated Hermes Inc. reduced its stake in REV Group, Inc. (NYSE:REVG) by 15.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 359,770 shares of the company’s stock after selling 65,233 shares during the quarter. Federated Hermes Inc. owned 0.74% of REV Group worth $20,388,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Virtue Capital Management LLC purchased a new position in shares of REV Group in the third quarter valued at approximately $942,000. JPMorgan Chase & Co. lifted its holdings in REV Group by 125.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 255,427 shares of the company’s stock worth $12,156,000 after buying an additional 142,243 shares in the last quarter. Versor Investments LP acquired a new stake in REV Group during the 2nd quarter worth approximately $866,000. Neuberger Berman Group LLC boosted its position in REV Group by 338.2% in the 2nd 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 period. Finally, Savant Capital LLC acquired a new position in shares of REV Group in the second quarter worth $302,000.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on REVG shares. DA Davidson cut 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of REV Group in a research report on Wednesday, December 24th. Zacks Research upgraded REV Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Morgan Stanley set a $55.00 target price on shares of REV Group in a research note on Tuesday, November 4th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $55.00 price target (down previously from $64.00) on shares of REV Group in a research note on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $49.25.

REV Group Trading Down 2.0%

NYSE:REVG opened at $63.90 on Friday. REV Group, Inc. has a 1 year low of $26.51 and a 1 year high of $69.92. The stock has a market cap of $3.12 billion, a P/E ratio of 33.46 and a beta of 1.14. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.49 and a current ratio of 1.51. The stock has a 50-day simple moving average of $61.69 and a 200-day simple moving average of $56.78.

REV Group (NYSE:REVG) last posted its 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. 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 firm’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 earnings per share. As a group, analysts anticipate that REV Group, Inc. will post 2.12 earnings per share for the current fiscal year.

REV Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Wednesday, December 24th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis 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%.

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.