REV Group, Inc. $REVG Stock Position Lessened by Moody National Bank Trust Division

Moody National Bank Trust Division trimmed its holdings in shares of REV Group, Inc. (NYSE:REVG) by 46.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,695 shares of the company’s stock after selling 22,236 shares during the period. Moody National Bank Trust Division owned approximately 0.05% of REV Group worth $1,456,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Canada Pension Plan Investment Board bought a new position in REV Group in the 2nd quarter valued at about $38,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of REV Group in the 1st quarter worth approximately $54,000. AlphaQuest LLC lifted its stake in shares of REV Group by 5,215.4% in the 2nd quarter. AlphaQuest LLC now owns 1,382 shares of the company’s stock worth $66,000 after acquiring an additional 1,356 shares during the period. Financiere des Professionnels Fonds d investissement inc. bought a new position in shares of REV Group in the second quarter valued at approximately $193,000. Finally, Orion Porfolio Solutions LLC acquired a new position in shares of REV Group during the second quarter valued at approximately $212,000.

Wall Street Analyst Weigh In

REVG has been the subject of a number of research analyst reports. DA Davidson downgraded REV Group from a “buy” rating to a “neutral” rating and cut their target price for the stock from $68.00 to $57.00 in a research report on Friday, October 31st. Baird R W downgraded REV Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. Morgan Stanley set a $55.00 target price on REV Group in a research note on Tuesday, November 4th. Zacks Research lowered REV Group from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $55.00 price target (down from $64.00) on shares of REV Group in a research report on Monday, December 1st. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $49.25.

REV Group Stock Performance

REVG opened at $59.35 on Thursday. 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 firm has a market cap of $2.90 billion, a PE ratio of 31.07 and a beta of 1.13. The business has a fifty day simple moving average of $55.27 and a 200-day simple moving average of $52.55. REV Group, Inc. has a fifty-two week low of $26.51 and a fifty-two week high of $64.47.

REV Group (NYSE:REVG) last announced its 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. REV Group had a return on equity of 31.67% and a net margin of 3.86%.The company had revenue of $664.40 million for the quarter, compared to analyst estimates of $646.77 million. During the same period in the previous year, the firm earned $0.51 earnings per share. REV Group’s revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, equities analysts predict that REV Group, Inc. will post 2.12 EPS for the current fiscal year.

REV Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, December 24th. This represents a $0.24 dividend on an annualized basis and a yield of 0.4%. REV Group’s dividend payout ratio is currently 12.57%.

REV Group 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.