Jupiter Asset Management Ltd. Acquires Shares of 416,578 REV Group, Inc. $REVG

Jupiter Asset Management Ltd. acquired a new stake in REV Group, Inc. (NYSE:REVG) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 416,578 shares of the company’s stock, valued at approximately $23,607,000. Jupiter Asset Management Ltd. owned approximately 0.85% of REV Group at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of REV Group in the third quarter worth approximately $1,221,000. Lisanti Capital Growth LLC lifted its holdings in REV Group by 122.5% in the 3rd quarter. Lisanti Capital Growth LLC now owns 79,182 shares of the company’s stock valued at $4,487,000 after purchasing an additional 43,587 shares in the last quarter. Beacon Harbor Wealth Advisors Inc. purchased a new position in REV Group in the 3rd quarter valued at $5,625,000. Virtue Capital Management LLC acquired a new stake in REV Group during the 3rd quarter worth $942,000. Finally, Cookson Peirce & Co. Inc. purchased a new stake in shares of REV Group during the third quarter worth $1,235,000.

REV Group Stock Performance

NYSE:REVG opened at $63.90 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.51 and a quick ratio of 0.49. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 33.46 and a beta of 1.14. The company’s 50-day moving average is $64.25 and its two-hundred day moving average is $58.44. REV Group, Inc. has a 1-year low of $26.51 and a 1-year high of $69.92.

REV Group (NYSE:REVG) last announced its quarterly earnings results on Wednesday, December 10th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.05. The business had revenue of $664.40 million during the quarter, compared to the consensus estimate of $646.77 million. REV Group had a net margin of 3.86% and a return on equity of 31.67%. The business’s revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.51 EPS. Analysts forecast that REV Group, Inc. will post 2.12 EPS for the current year.

REV Group Announces Dividend

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 $0.06 dividend. The ex-dividend date was Wednesday, December 24th. This represents a $0.24 dividend on an annualized basis and a yield of 0.4%. REV Group’s payout ratio is currently 12.57%.

Wall Street Analyst Weigh In

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

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.