Hillsdale Investment Management Inc. Increases Position in REV Group, Inc. $REVG

Hillsdale Investment Management Inc. increased its stake in shares of REV Group, Inc. (NYSE:REVG) by 6.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 156,400 shares of the company’s stock after buying an additional 10,100 shares during the quarter. Hillsdale Investment Management Inc. owned about 0.32% of REV Group worth $8,863,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC lifted its position in REV Group by 298.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 546 shares of the company’s stock worth $31,000 after acquiring an additional 409 shares during the period. Covestor Ltd lifted its holdings in shares of REV Group by 22,600.0% during the third quarter. Covestor Ltd now owns 681 shares of the company’s stock worth $39,000 after purchasing an additional 678 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of REV Group during the second quarter worth $38,000. Farther Finance Advisors LLC grew its position in REV Group by 19.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,131 shares of the company’s stock valued at $64,000 after buying an additional 181 shares during the last quarter. Finally, AlphaQuest LLC increased its stake in REV Group by 5,215.4% in the 2nd quarter. AlphaQuest LLC now owns 1,382 shares of the company’s stock valued at $66,000 after buying an additional 1,356 shares during the period.

REV Group Stock Performance

Shares of REV Group stock opened at $63.90 on Friday. The company has a 50-day moving average of $64.25 and a two-hundred day moving average of $58.44. REV Group, Inc. has a 12-month low of $26.51 and a 12-month high of $69.92. The company has a current ratio of 1.51, a quick ratio of 0.49 and a debt-to-equity ratio of 0.10. The stock has a market cap of $3.12 billion, a PE ratio of 33.46 and a beta of 1.14.

REV Group (NYSE:REVG) last announced its quarterly earnings results on Wednesday, December 10th. The company reported $0.83 EPS for the quarter, topping 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 business had revenue of $664.40 million for the quarter, compared to analyst estimates of $646.77 million. During the same quarter in the previous year, the company earned $0.51 EPS. The company’s quarterly revenue was up 11.1% on a year-over-year basis. On average, research analysts anticipate that REV Group, Inc. will post 2.12 EPS for the current fiscal year.

REV Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th were issued a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $0.24 annualized dividend and a yield of 0.4%. REV Group’s dividend payout ratio is 12.57%.

Analyst Upgrades and Downgrades

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

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.