REV Group, Inc. $REVG Shares Sold by Capital Research Global Investors

Capital Research Global Investors trimmed its stake in shares of REV Group, Inc. (NYSE:REVG) by 46.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,294,033 shares of the company’s stock after selling 1,109,939 shares during the period. Capital Research Global Investors’ holdings in REV Group were worth $73,333,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Neuberger Berman Group LLC increased its holdings in shares of REV Group by 338.2% during the 2nd quarter. Neuberger Berman Group LLC now owns 970,595 shares of the company’s stock valued at $46,191,000 after purchasing an additional 749,113 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new position in shares of REV Group in the third quarter worth about $23,607,000. American Century Companies Inc. boosted its stake in shares of REV Group by 46.7% during the 2nd quarter. American Century Companies Inc. now owns 944,647 shares of the company’s stock worth $44,956,000 after acquiring an additional 300,793 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of REV Group by 111.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 539,133 shares of the company’s stock worth $30,553,000 after acquiring an additional 283,706 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of REV Group during the 2nd quarter valued at about $9,990,000.

REV Group Stock Performance

REVG opened at $63.90 on Thursday. 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 company’s 50 day simple moving average is $64.96 and its two-hundred day simple moving average is $59.63. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 33.46 and a beta of 1.14. 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 data on Wednesday, December 10th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.05. The firm had revenue of $664.40 million for the quarter, compared to the consensus estimate of $646.77 million. REV Group had a return on equity of 31.67% and a net margin of 3.86%.The firm’s revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 earnings per share. Analysts expect that REV Group, Inc. will post 2.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on REVG shares. Robert W. Baird reissued a “neutral” rating and issued a $55.00 price objective (down from $64.00) on shares of REV Group in a report on Monday, December 1st. Weiss Ratings reiterated a “buy (b-)” rating on shares of REV Group in a research report on Wednesday, December 24th. Finally, Zacks Research raised shares of REV Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $49.25.

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.