Versor Investments LP Purchases 127,268 Shares of REV Group, Inc. $REVG

Versor Investments LP grew its position in shares of REV Group, Inc. (NYSE:REVG) by 929.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 140,968 shares of the company’s stock after buying an additional 127,268 shares during the quarter. REV Group accounts for approximately 1.3% of Versor Investments LP’s investment portfolio, making the stock its 16th biggest holding. Versor Investments LP owned 0.29% of REV Group worth $8,572,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its position in shares of REV Group by 298.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 546 shares of the company’s stock worth $31,000 after buying an additional 409 shares in the last quarter. IFP Advisors Inc lifted its position in shares of REV Group by 798.5% during the 3rd quarter. IFP Advisors Inc now owns 593 shares of the company’s stock worth $34,000 after buying an additional 527 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in REV Group during the second quarter worth about $38,000. Covestor Ltd increased 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. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in REV Group during the third quarter worth about $113,000.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of REV Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $49.25.

REV Group Price Performance

REVG opened at $63.90 on Tuesday. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 33.46 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. The firm has a 50-day moving average price of $63.90 and a 200-day moving average price of $61.51. REV Group, Inc. has a twelve month low of $31.05 and a twelve month high of $69.92.

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.