Y Intercept Hong Kong Ltd Has $2.23 Million Stock Holdings in REV Group, Inc. $REVG

Y Intercept Hong Kong Ltd decreased its holdings in shares of REV Group, Inc. (NYSE:REVG) by 18.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,293 shares of the company’s stock after selling 8,738 shares during the period. Y Intercept Hong Kong Ltd owned 0.08% of REV Group worth $2,227,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its stake in REV Group by 19.1% in the third quarter. Farther Finance Advisors LLC now owns 1,131 shares of the company’s stock valued at $64,000 after buying an additional 181 shares during the period. RD Lewis Holdings Inc. lifted its position in shares of REV Group by 3.0% during the 2nd quarter. RD Lewis Holdings Inc. now owns 6,900 shares of the company’s stock valued at $345,000 after acquiring an additional 200 shares during the period. Ameritas Investment Partners Inc. boosted its stake in REV Group by 4.3% during 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. grew its holdings 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 purchasing an additional 239 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey raised its holdings in shares of REV Group by 2.6% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 11,515 shares of the company’s stock valued at $548,000 after purchasing an additional 289 shares during the period.

REV Group Stock Down 2.5%

REVG stock opened at $66.23 on Thursday. The firm has a market capitalization of $3.23 billion, a PE ratio of 34.67 and a beta of 1.14. 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 twelve month low of $26.51 and a twelve month high of $69.92. The stock’s 50 day moving average is $61.09 and its 200-day moving average is $56.61.

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 business had revenue of $664.40 million during the quarter, compared to analyst estimates of $646.77 million. REV Group had a return on equity of 31.67% and a net margin of 3.86%.REV Group’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 EPS. Sell-side analysts expect that REV Group, Inc. will post 2.12 EPS for the current fiscal year.

REV Group Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, December 24th. REV Group’s dividend payout ratio (DPR) is presently 12.57%.

Analysts Set New Price Targets

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

About REV Group

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.