Navellier & Associates Inc. Decreases Stake in REV Group, Inc. $REVG

Navellier & Associates Inc. cut its stake in REV Group, Inc. (NYSE:REVG) by 43.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,913 shares of the company’s stock after selling 13,847 shares during the period. Navellier & Associates Inc.’s holdings in REV Group were worth $1,089,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Highland Capital Management LLC purchased a new position in shares of REV Group in the fourth quarter worth $237,000. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of REV Group during the fourth quarter valued at $411,000. Chung Wu Investment Group LLC purchased a new stake in shares of REV Group during the fourth quarter valued at $122,000. Pictet Asset Management Holding SA increased its position in shares of REV Group by 11.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 8,273 shares of the company’s stock valued at $503,000 after acquiring an additional 828 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of REV Group by 3.9% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 22,384 shares of the company’s stock valued at $1,361,000 after acquiring an additional 831 shares during the period.

REV Group Price Performance

Shares of REV Group stock opened at $63.90 on Thursday. The firm has a market cap of $3.12 billion, a PE ratio of 33.46 and a beta of 1.14. REV Group, Inc. has a twelve month low of $31.05 and a twelve month high of $69.92. 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 business has a 50-day moving average price of $63.90 and a 200 day moving average price of $61.40.

Analysts Set New Price Targets

Separately, Zacks Research raised REV Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price 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.