AJOVista LLC Invests $68,000 in REV Group, Inc. (NYSE:REVG)

AJOVista LLC acquired a new position in shares of REV Group, Inc. (NYSE:REVG) in the 4th quarter, Holdings Channel.com reports. The fund acquired 3,763 shares of the company’s stock, valued at approximately $68,000.

Several other large investors also recently made changes to their positions in the stock. Wellington Management Group LLP boosted its holdings in REV Group by 22.8% during the third quarter. Wellington Management Group LLP now owns 422,103 shares of the company’s stock worth $6,754,000 after purchasing an additional 78,453 shares during the last quarter. Federated Hermes Inc. lifted its stake in REV Group by 1,020.6% in the third quarter. Federated Hermes Inc. now owns 382,653 shares of the company’s stock valued at $6,122,000 after acquiring an additional 348,507 shares during the last quarter. Pinnacle Associates Ltd. lifted its stake in REV Group by 6.9% in the fourth quarter. Pinnacle Associates Ltd. now owns 59,763 shares of the company’s stock valued at $1,086,000 after acquiring an additional 3,853 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in REV Group by 8.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 628,986 shares of the company’s stock valued at $10,064,000 after acquiring an additional 50,738 shares during the last quarter. Finally, Trexquant Investment LP lifted its stake in REV Group by 33.5% in the third quarter. Trexquant Investment LP now owns 69,162 shares of the company’s stock valued at $1,107,000 after acquiring an additional 17,364 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. StockNews.com cut shares of REV Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 25th. The Goldman Sachs Group raised their target price on shares of REV Group from $18.00 to $20.00 and gave the stock a “sell” rating in a research note on Tuesday, April 16th. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to MarketBeat, REV Group currently has an average rating of “Moderate Buy” and a consensus price target of $17.60.

REV Group Stock Performance

NYSE:REVG traded up $0.17 during mid-day trading on Friday, reaching $23.25. 632,715 shares of the company’s stock were exchanged, compared to its average volume of 779,035. REV Group, Inc. has a one year low of $9.85 and a one year high of $23.85. The firm has a market capitalization of $1.20 billion, a PE ratio of 5.74 and a beta of 1.67. The business’s fifty day simple moving average is $20.93 and its two-hundred day simple moving average is $18.35.

REV Group (NYSE:REVG) last released its earnings results on Wednesday, March 6th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.15 by $0.10. REV Group had a net margin of 9.15% and a return on equity of 16.43%. The firm had revenue of $586.00 million for the quarter, compared to analyst estimates of $579.42 million. During the same period last year, the firm earned $0.04 EPS. The business’s quarterly revenue was up .4% compared to the same quarter last year. As a group, equities research analysts forecast that REV Group, Inc. will post 1.35 EPS for the current year.

REV Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were paid a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.86%. REV Group’s payout ratio is currently 4.94%.

REV Group Company Profile

REV Group, Inc, together with its subsidiaries, designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Canada, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment provides fire apparatus equipment under the Emergency One, Kovatch Mobile Equipment, Ferrara, Spartan Emergency Response, Smeal, Spartan Fire Chassis, and Ladder Tower brand names; and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue, and Wheeled Coach brand names.