Neumeier Poma Investment Counsel LLC Makes New $11.78 Million Investment in REV Group, Inc. $REVG

Neumeier Poma Investment Counsel LLC bought a new stake in shares of REV Group, Inc. (NYSE:REVG) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 207,940 shares of the company’s stock, valued at approximately $11,784,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC grew its stake in shares of REV Group by 298.5% during the third quarter. Smartleaf Asset Management LLC now owns 546 shares of the company’s stock worth $31,000 after purchasing an additional 409 shares during the period. Covestor Ltd boosted its holdings in REV Group by 22,600.0% during the third quarter. Covestor Ltd now owns 681 shares of the company’s stock worth $39,000 after buying an additional 678 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of REV Group during the 2nd quarter worth about $38,000. Farther Finance Advisors LLC increased its stake in shares of REV Group by 19.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,131 shares of the company’s stock valued at $64,000 after acquiring an additional 181 shares during the last quarter. Finally, AlphaQuest LLC raised its position in shares of REV Group by 5,215.4% in the 2nd quarter. AlphaQuest LLC now owns 1,382 shares of the company’s stock valued at $66,000 after acquiring an additional 1,356 shares during the period.

REV Group Price Performance

Shares of NYSE REVG opened at $63.90 on Thursday. The company has a fifty day moving average price of $64.51 and a 200 day moving average price of $58.79. The firm has a market cap of $3.12 billion, a PE ratio of 33.46 and a beta of 1.14. The company has a current ratio of 1.51, a quick ratio of 0.49 and a debt-to-equity ratio of 0.10. REV Group, Inc. has a 1-year low of $26.51 and a 1-year high of $69.92.

REV Group (NYSE:REVG) last released its quarterly earnings results on Wednesday, December 10th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.05. The firm 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%.The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the business posted $0.51 EPS. Research analysts predict that REV Group, Inc. will post 2.12 earnings per share for the current fiscal year.

REV Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th were paid a $0.06 dividend. The ex-dividend date was Wednesday, December 24th. This represents a $0.24 annualized dividend and a yield of 0.4%. REV Group’s payout ratio is presently 12.57%.

Wall Street Analyst Weigh In

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