Virtue Capital Management LLC Buys Shares of 16,623 REV Group, Inc. $REVG

Virtue Capital Management LLC bought a new stake in REV Group, Inc. (NYSE:REVG) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 16,623 shares of the company’s stock, valued at approximately $942,000.

Other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position in shares of REV Group by 19.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,131 shares of the company’s stock worth $64,000 after buying an additional 181 shares in the last quarter. RD Lewis Holdings Inc. boosted its stake in REV Group by 3.0% during the second quarter. RD Lewis Holdings Inc. now owns 6,900 shares of the company’s stock valued at $345,000 after buying an additional 200 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in REV Group by 4.3% in the second quarter. Ameritas Investment Partners Inc. now owns 5,249 shares of the company’s stock worth $250,000 after acquiring an additional 218 shares in the last quarter. Osaic Holdings Inc. raised its position in REV Group by 2.6% in the second quarter. Osaic Holdings Inc. now owns 9,545 shares of the company’s stock worth $454,000 after acquiring an additional 239 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey lifted its holdings in REV Group by 2.6% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 11,515 shares of the company’s stock valued at $548,000 after acquiring an additional 289 shares during the last quarter.

Analyst Ratings Changes

A number of analysts recently weighed in on REVG shares. Robert W. Baird restated a “neutral” rating and set a $55.00 target price (down from $64.00) on shares of REV Group in a report on Monday, December 1st. Weiss Ratings restated a “buy (b-)” rating on shares of REV Group in a report on Wednesday, December 24th. Morgan Stanley set a $55.00 price objective on shares of REV Group in a research note on Tuesday, November 4th. Zacks Research raised shares of REV Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Finally, DA Davidson downgraded REV Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $68.00 to $57.00 in a report on Friday, October 31st. One equities research 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 given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $49.25.

REV Group Stock Performance

Shares of REVG stock traded down $1.86 during trading on Friday, reaching $67.09. The company had a trading volume of 233,593 shares, compared to its average volume of 463,521. The company has a market capitalization of $3.27 billion, a PE ratio of 35.13 and a beta of 1.14. 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’s 50 day simple moving average is $60.12 and its two-hundred day simple moving average is $56.18. REV Group, Inc. has a one year low of $26.51 and a one year high of $69.92.

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

REV Group Dividend Announcement

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

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.