14,026 Shares in REV Group, Inc. $REVG Purchased by Westover Capital Advisors LLC

Westover Capital Advisors LLC acquired a new position in REV Group, Inc. (NYSE:REVG) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 14,026 shares of the company’s stock, valued at approximately $795,000.

Other institutional investors have also modified their holdings of the company. State Street Corp lifted its stake in REV Group by 11.2% in the second quarter. State Street Corp now owns 1,345,451 shares of the company’s stock valued at $64,108,000 after buying an additional 135,875 shares during the last quarter. Neuberger Berman Group LLC raised its stake in shares of 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 acquiring an additional 749,113 shares during the period. American Century Companies Inc. grew its stake in REV Group by 46.7% in the second 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 in the last quarter. Bragg Financial Advisors Inc boosted its holdings in shares of REV Group by 52.7% in the 2nd quarter. Bragg Financial Advisors Inc now owns 562,270 shares of the company’s stock valued at $26,758,000 after buying an additional 193,962 shares during the period. Finally, LSV Asset Management increased its position in REV Group by 4.1% in the third quarter. LSV Asset Management now owns 470,398 shares of the company’s stock worth $26,657,000 after buying an additional 18,731 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on REVG. Morgan Stanley set a $55.00 price target on shares of REV Group in a report on Tuesday, November 4th. Robert W. Baird restated a “neutral” rating and issued a $55.00 target price (down from $64.00) on shares of REV Group in a research report on Monday, December 1st. Zacks Research upgraded REV Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. DA Davidson cut REV Group from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $68.00 to $57.00 in a report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of REV Group in a research note on Wednesday, December 24th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, REV Group currently has a consensus rating of “Hold” and a consensus price target of $49.25.

REV Group Stock Performance

Shares of REV Group stock opened at $63.90 on Thursday. 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 P/E ratio of 33.46 and a beta of 1.14. The company has a 50-day simple moving average of $63.34 and a 200 day simple moving average of $57.77. 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.05. REV Group had a return on equity of 31.67% and a net margin of 3.86%.The firm had revenue of $664.40 million for the quarter, compared to analyst estimates of $646.77 million. During the same quarter in the prior year, the company earned $0.51 earnings per share. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. Research analysts expect that REV Group, Inc. will post 2.12 earnings per share for the current fiscal year.

REV Group Dividend Announcement

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