Lisanti Capital Growth LLC Raises Stake in REV Group, Inc. $REVG

Lisanti Capital Growth LLC increased its holdings in shares of REV Group, Inc. (NYSE:REVG) by 122.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 79,182 shares of the company’s stock after buying an additional 43,587 shares during the period. Lisanti Capital Growth LLC’s holdings in REV Group were worth $4,487,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Covestor Ltd boosted its position in shares of REV Group by 22,600.0% in the 3rd quarter. Covestor Ltd now owns 681 shares of the company’s stock worth $39,000 after purchasing an additional 678 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in REV Group during the second quarter valued at $38,000. Farther Finance Advisors LLC boosted its holdings in REV Group by 19.1% in the third quarter. Farther Finance Advisors LLC now owns 1,131 shares of the company’s stock worth $64,000 after acquiring an additional 181 shares in the last quarter. AlphaQuest LLC grew its stake in shares of REV Group by 5,215.4% in the second 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 last quarter. Finally, USA Financial Formulas purchased a new position in shares of REV Group in the 3rd quarter worth about $79,000.

Analyst Ratings Changes

Several brokerages recently commented on REVG. Morgan Stanley set a $55.00 price objective on shares of REV Group in a research report on Tuesday, November 4th. Robert W. Baird reiterated a “neutral” rating and issued a $55.00 target price (down previously from $64.00) on shares of REV Group in a research note on Monday, December 1st. Weiss Ratings reiterated a “buy (b-)” rating on shares of REV Group in a report on Wednesday, December 24th. DA Davidson downgraded shares of REV Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $68.00 to $57.00 in a research report on Friday, October 31st. Finally, Zacks Research upgraded shares of REV Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $49.25.

REV Group Stock Performance

Shares of REVG stock opened at $63.90 on Friday. 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 company has a 50 day moving average price of $61.69 and a 200-day moving average price of $56.78. REV Group, Inc. has a 52 week low of $26.51 and a 52 week high of $69.92. The firm has a market capitalization of $3.12 billion, a PE ratio of 33.46 and a beta of 1.14.

REV Group (NYSE:REVG) last posted its earnings results on Wednesday, December 10th. The company reported $0.83 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 firm’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 EPS. As a group, equities research analysts expect that REV Group, Inc. will post 2.12 earnings per share for the current year.

REV Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a 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.