Zurcher Kantonalbank Zurich Cantonalbank Cuts Stock Holdings in REV Group, Inc. (NYSE:REVG)

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in REV Group, Inc. (NYSE:REVG) by 6.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 9,739 shares of the company’s stock after selling 703 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in REV Group were worth $177,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP lifted its holdings in REV Group by 22.8% during the third quarter. Wellington Management Group LLP now owns 422,103 shares of the company’s stock worth $6,754,000 after buying an additional 78,453 shares during the period. Federated Hermes Inc. lifted its stake in shares of REV Group by 1,020.6% during the 3rd quarter. Federated Hermes Inc. now owns 382,653 shares of the company’s stock worth $6,122,000 after purchasing an additional 348,507 shares during the last quarter. Pinnacle Associates Ltd. boosted its position in REV Group by 6.9% during the fourth quarter. Pinnacle Associates Ltd. now owns 59,763 shares of the company’s stock valued at $1,086,000 after purchasing an additional 3,853 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in REV Group by 8.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 628,986 shares of the company’s stock valued at $10,064,000 after purchasing an additional 50,738 shares during the last quarter. Finally, Trexquant Investment LP raised its holdings in REV Group by 33.5% in the third quarter. Trexquant Investment LP now owns 69,162 shares of the company’s stock worth $1,107,000 after purchasing an additional 17,364 shares in the last quarter.

Analyst Ratings Changes

A number of research firms have recently weighed in on REVG. The Goldman Sachs Group raised their price target on shares of REV Group from $18.00 to $20.00 and gave the company a “sell” rating in a report on Tuesday, April 16th. StockNews.com downgraded shares of REV Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.60.

REV Group Stock Performance

Shares of REVG stock opened at $24.17 on Wednesday. REV Group, Inc. has a fifty-two week low of $9.85 and a fifty-two week high of $25.17. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 5.97 and a beta of 1.67. The stock’s 50-day simple moving average is $21.11 and its 200-day simple moving average is $18.50.

REV Group (NYSE:REVG) last released its earnings results on Wednesday, March 6th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.10. REV Group had a net margin of 9.15% and a return on equity of 16.43%. The company had revenue of $586.00 million during the quarter, compared to analysts’ expectations of $579.42 million. During the same period last year, the business earned $0.04 EPS. REV Group’s revenue for the quarter was up .4% on a year-over-year basis. As a group, equities analysts forecast that REV Group, Inc. will post 1.35 earnings per share for the current year.

REV Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Wednesday, March 27th. REV Group’s payout ratio is 4.94%.

About REV Group

REV Group, Inc, together with its subsidiaries, designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Canada, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment provides fire apparatus equipment under the Emergency One, Kovatch Mobile Equipment, Ferrara, Spartan Emergency Response, Smeal, Spartan Fire Chassis, and Ladder Tower brand names; and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue, and Wheeled Coach brand names.