Neuberger Berman Group LLC Grows Holdings in REV Group, Inc. $REVG

Neuberger Berman Group LLC boosted its position in REV Group, Inc. (NYSE:REVG) by 52.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,478,119 shares of the company’s stock after buying an additional 507,524 shares during the quarter. Neuberger Berman Group LLC owned 3.03% of REV Group worth $83,765,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in REVG. Jupiter Asset Management Ltd. acquired a new stake in shares of REV Group during the third quarter valued at about $23,607,000. American Century Companies Inc. lifted its stake in shares of REV Group by 46.7% in the second quarter. American Century Companies Inc. now owns 944,647 shares of the company’s stock worth $44,956,000 after acquiring an additional 300,793 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of REV Group by 111.1% in the third quarter. JPMorgan Chase & Co. now owns 539,133 shares of the company’s stock worth $30,553,000 after acquiring an additional 283,706 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in REV Group in the second quarter valued at about $9,990,000. Finally, Neumeier Poma Investment Counsel LLC purchased a new position in REV Group in the third quarter valued at about $11,784,000.

Analysts Set New Price Targets

Several research firms have issued reports on REVG. Weiss Ratings restated a “buy (b-)” rating on shares of REV Group in a report on Wednesday, December 24th. Zacks Research upgraded REV Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Finally, Robert W. Baird reissued a “neutral” rating and set a $55.00 price target (down from $64.00) on shares of REV Group in a research report on Monday, December 1st. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $49.25.

REV Group Price Performance

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

REV Group (NYSE:REVG) last posted its earnings results on Wednesday, December 10th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.05. REV Group had a return on equity of 31.67% and a net margin of 3.86%.The company had revenue of $664.40 million for the quarter, compared to analysts’ expectations of $646.77 million. During the same period last year, the business posted $0.51 earnings per share. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, research analysts forecast that REV Group, Inc. will post 2.12 earnings per share for the current year.

REV Group Announces Dividend

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 dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, December 24th. REV Group’s payout ratio is presently 12.57%.

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.