Swiss National Bank Has $1.06 Million Stock Position in REV Group, Inc. (NYSE:REVG)

Swiss National Bank lessened its position in REV Group, Inc. (NYSE:REVGFree Report) by 10.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 58,500 shares of the company’s stock after selling 6,900 shares during the period. Swiss National Bank owned approximately 0.10% of REV Group worth $1,063,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale acquired a new stake in REV Group in the fourth quarter valued at approximately $39,000. Quantbot Technologies LP grew its stake in REV Group by 193.9% in the third quarter. Quantbot Technologies LP now owns 10,237 shares of the company’s stock valued at $164,000 after acquiring an additional 6,754 shares during the period. Johnson Investment Counsel Inc. acquired a new stake in REV Group in the third quarter valued at approximately $185,000. Raymond James & Associates acquired a new stake in REV Group in the third quarter valued at approximately $230,000. Finally, Jump Financial LLC acquired a new stake in REV Group in the third quarter valued at approximately $348,000.

Analyst Upgrades and Downgrades

REVG has been the subject of a number of research reports. StockNews.com cut REV Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 25th. The Goldman Sachs Group lifted their target price on REV Group from $18.00 to $20.00 and gave the company a “sell” rating in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.60.

Read Our Latest Stock Analysis on REV Group

REV Group Trading Down 0.5 %

Shares of REV Group stock opened at $25.62 on Thursday. The business’s fifty day simple moving average is $23.14 and its 200 day simple moving average is $19.72. The firm has a market capitalization of $1.33 billion, a P/E ratio of 6.27 and a beta of 1.67. REV Group, Inc. has a 12 month low of $10.05 and a 12 month high of $27.33.

REV Group (NYSE:REVGGet Free Report) last issued its quarterly 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. The business had revenue of $586.00 million for the quarter, compared to analyst estimates of $579.42 million. REV Group had a return on equity of 16.43% and a net margin of 9.15%. REV Group’s quarterly revenue was up .4% compared to the same quarter last year. During the same period last year, the company posted $0.04 earnings per share. Analysts predict that REV Group, Inc. will post 1.35 EPS for the current fiscal year.

REV Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.20 dividend on an annualized basis and a yield of 0.78%. REV Group’s dividend payout ratio (DPR) is currently 4.94%.

REV Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for REV Group (NYSE:REVG)

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