Universal Beteiligungs und Servicegesellschaft mbH Invests $1.22 Million in REV Group, Inc. $REVG

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of REV Group, Inc. (NYSE:REVG) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 21,553 shares of the company’s stock, valued at approximately $1,221,000.

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

REV Group Stock Down 2.0%

Shares of REVG opened at $63.90 on Friday. The company has a market capitalization of $3.12 billion, a P/E ratio of 33.46 and a beta of 1.14. REV Group, Inc. has a one year low of $26.51 and a one year high of $69.92. The business’s 50 day simple moving average is $61.69 and its 200-day simple moving average is $56.84. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.51 and a quick ratio of 0.49.

REV Group (NYSE:REVG) last released 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 firm had revenue of $664.40 million during the quarter, compared to analysts’ expectations of $646.77 million. REV Group had a return on equity of 31.67% and a net margin of 3.86%.The business’s revenue was up 11.1% on a year-over-year basis. During the same period last year, the firm posted $0.51 EPS. As a group, sell-side analysts predict that REV Group, Inc. will post 2.12 EPS for the current fiscal year.

REV Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Wednesday, December 24th were issued a $0.06 dividend. 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 payout ratio is currently 12.57%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on REVG shares. Zacks Research raised shares of REV Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. DA Davidson lowered shares of REV Group from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $68.00 to $57.00 in a research report on Friday, October 31st. Weiss Ratings restated a “buy (b-)” rating on shares of REV Group in a research note on Wednesday, December 24th. Robert W. Baird reiterated a “neutral” rating and issued a $55.00 price objective (down from $64.00) on shares of REV Group in a research note on Monday, December 1st. Finally, Morgan Stanley set a $55.00 target price on REV Group in a report on Tuesday, November 4th. One investment 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, REV Group presently has an average rating of “Hold” and a consensus price target 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.