REV Group, Inc. $REVG Stake Raised by Neuberger Berman Group LLC

Neuberger Berman Group LLC increased its holdings in REV Group, Inc. (NYSE:REVG) by 52.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,478,119 shares of the company’s stock after purchasing an additional 507,524 shares during the quarter. Neuberger Berman Group LLC’s holdings in REV Group were worth $83,765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC raised its stake in REV Group by 298.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 546 shares of the company’s stock valued at $31,000 after acquiring an additional 409 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in REV Group during the 2nd quarter worth $38,000. Covestor Ltd grew its stake in shares of REV Group by 22,600.0% in the third 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. Farther Finance Advisors LLC grew its stake in shares of 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 purchasing an additional 181 shares in the last quarter. Finally, AlphaQuest LLC increased its holdings in shares of REV Group by 5,215.4% during the second quarter. AlphaQuest LLC now owns 1,382 shares of the company’s stock valued at $66,000 after purchasing an additional 1,356 shares during the period.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on REVG. Robert W. Baird restated a “neutral” rating and set a $55.00 price objective (down from $64.00) on shares of REV Group in a research note on Monday, December 1st. Zacks Research upgraded shares of REV Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of REV Group in a research note on Wednesday, December 24th. One equities research 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $49.25.

REV Group Stock Performance

Shares of REV Group stock opened at $63.90 on Friday. The stock has a market cap of $3.12 billion, a PE ratio of 33.46 and a beta of 1.14. The business has a fifty day simple moving average of $64.80 and a 200-day simple moving average of $59.31. The company has a quick ratio of 0.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.10. REV Group, Inc. has a 12 month low of $26.51 and a 12 month high of $69.92.

REV Group (NYSE:REVG) last issued its quarterly earnings results on Wednesday, December 10th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.05. The business 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%.REV Group’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 earnings per share. On average, sell-side analysts anticipate that REV Group, Inc. will post 2.12 EPS for the current fiscal year.

REV Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th were paid 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 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.