Lisanti Capital Growth LLC Purchases 43,587 Shares of REV Group, Inc. $REVG

Lisanti Capital Growth LLC increased its position in REV Group, Inc. (NYSE:REVG) by 122.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,182 shares of the company’s stock after buying an additional 43,587 shares during the quarter. Lisanti Capital Growth LLC owned 0.16% of REV Group worth $4,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of REVG. Neuberger Berman Group LLC raised its stake in shares of REV Group by 338.2% during the second quarter. Neuberger Berman Group LLC now owns 970,595 shares of the company’s stock worth $46,191,000 after acquiring an additional 749,113 shares in the last quarter. American Century Companies Inc. raised its position in REV Group by 46.7% in the 2nd quarter. American Century Companies Inc. now owns 944,647 shares of the company’s stock worth $44,956,000 after purchasing an additional 300,793 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in REV Group in the 2nd quarter worth $9,990,000. Bragg Financial Advisors Inc lifted its stake in REV Group by 52.7% in the second quarter. Bragg Financial Advisors Inc now owns 562,270 shares of the company’s stock worth $26,758,000 after purchasing an additional 193,962 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in REV Group by 125.7% during the second quarter. JPMorgan Chase & Co. now owns 255,427 shares of the company’s stock valued at $12,156,000 after buying an additional 142,243 shares during the period.

Analyst Upgrades and Downgrades

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

REV Group Price Performance

Shares of NYSE REVG opened at $63.90 on Friday. REV Group, Inc. has a 1 year low of $26.51 and a 1 year high of $69.92. The stock has a market capitalization of $3.12 billion, a P/E ratio of 33.46 and a beta of 1.14. The company’s 50-day moving average is $61.69 and its 200 day moving average is $56.78. 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 posted its quarterly earnings data on Wednesday, December 10th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.05. REV Group had a return on equity of 31.67% and a net margin of 3.86%.The business had revenue of $664.40 million for the quarter, compared to analysts’ expectations of $646.77 million. During the same period in the previous year, the firm posted $0.51 EPS. The business’s revenue was up 11.1% on a year-over-year basis. On average, sell-side analysts expect that REV Group, Inc. will post 2.12 earnings per share for the current year.

REV Group Dividend Announcement

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

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.