Versor Investments LP Buys 127,268 Shares of REV Group, Inc. $REVG

Versor Investments LP lifted its holdings in REV Group, Inc. (NYSE:REVG) by 929.0% in the fourth quarter, HoldingsChannel reports. The fund owned 140,968 shares of the company’s stock after buying an additional 127,268 shares during the period. REV Group makes up 1.3% of Versor Investments LP’s investment portfolio, making the stock its 16th biggest position. Versor Investments LP’s holdings in REV Group were worth $8,572,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in REVG. Smartleaf Asset Management LLC lifted its holdings in shares of REV Group by 298.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 546 shares of the company’s stock worth $31,000 after acquiring an additional 409 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of REV Group by 798.5% in the 3rd quarter. IFP Advisors Inc now owns 593 shares of the company’s stock worth $34,000 after acquiring an additional 527 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of REV Group in the 2nd quarter worth approximately $38,000. Covestor Ltd lifted its holdings 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 acquiring an additional 678 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of REV Group in the 3rd quarter worth approximately $113,000.

REV Group Stock Performance

NYSE:REVG opened at $63.90 on Tuesday. The company has a fifty day moving average of $63.90 and a 200 day moving average of $61.51. REV Group, Inc. has a 52 week low of $31.05 and a 52 week high of $69.92. 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 capitalization of $3.12 billion, a P/E ratio of 33.46 and a beta of 1.14.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of REV Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $49.25.

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.