Y Intercept Hong Kong Ltd Cuts Position in REV Group, Inc. $REVG

Y Intercept Hong Kong Ltd cut its holdings in REV Group, Inc. (NYSE:REVG) by 18.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 39,293 shares of the company’s stock after selling 8,738 shares during the period. Y Intercept Hong Kong Ltd’s holdings in REV Group were worth $2,227,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. JPMorgan Chase & Co. lifted its stake in shares of REV Group by 125.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 255,427 shares of the company’s stock valued at $12,156,000 after buying an additional 142,243 shares in the last quarter. Versor Investments LP bought a new stake in REV Group during the 2nd quarter valued at $866,000. Neuberger Berman Group LLC lifted its position in shares of REV Group by 338.2% during the second quarter. Neuberger Berman Group LLC now owns 970,595 shares of the company’s stock worth $46,191,000 after acquiring an additional 749,113 shares in the last quarter. Savant Capital LLC bought a new position in shares of REV Group in the second quarter worth $302,000. Finally, Convergence Investment Partners LLC purchased a new position in shares of REV Group in the second quarter valued at $1,034,000.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of REV Group in a research note on Wednesday, December 24th. Zacks Research raised REV Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. DA Davidson downgraded shares of REV Group from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $68.00 to $57.00 in a report on Friday, October 31st. Morgan Stanley set a $55.00 price objective on shares of REV Group in a research note on Tuesday, November 4th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $55.00 target price (down previously from $64.00) on shares of REV Group in a report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $49.25.

REV Group Stock Performance

NYSE REVG opened at $66.23 on Thursday. REV Group, Inc. has a 52-week low of $26.51 and a 52-week high of $69.92. The company has a fifty day moving average of $61.09 and a 200-day moving average of $56.61. The company has a market capitalization of $3.23 billion, a P/E ratio of 34.67 and a beta of 1.14. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.49 and a current ratio of 1.51.

REV Group (NYSE:REVG) last released its 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. REV Group had a return on equity of 31.67% and a net margin of 3.86%.The business had revenue of $664.40 million for the quarter, compared to analysts’ expectations of $646.77 million. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The firm’s revenue was up 11.1% on a year-over-year basis. As a group, equities research 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 was paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th were given a dividend of $0.06 per share. The ex-dividend date was Wednesday, December 24th. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. REV Group’s dividend payout ratio is 12.57%.

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.