REV Group, Inc. (NYSE:REVG) Stock Holdings Increased by Farther Finance Advisors LLC

Farther Finance Advisors LLC lifted its position in REV Group, Inc. (NYSE:REVG) by 27.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,158 shares of the company’s stock after buying an additional 461 shares during the period. Farther Finance Advisors LLC’s holdings in REV Group were worth $61,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of REVG. Vanguard Group Inc. grew its holdings in shares of REV Group by 56.3% in the 1st quarter. Vanguard Group Inc. now owns 4,714,060 shares of the company’s stock worth $104,134,000 after acquiring an additional 1,698,502 shares during the last quarter. Kennedy Capital Management LLC grew its holdings in shares of REV Group by 161.8% in the 1st quarter. Kennedy Capital Management LLC now owns 947,919 shares of the company’s stock worth $20,940,000 after acquiring an additional 585,841 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in shares of REV Group in the 2nd quarter worth $9,535,000. Hood River Capital Management LLC acquired a new position in shares of REV Group in the 1st quarter worth $8,240,000. Finally, Bessemer Group Inc. acquired a new position in shares of REV Group in the 1st quarter worth $6,293,000.

REV Group Stock Performance

Shares of REVG stock opened at $30.38 on Thursday. REV Group, Inc. has a 1-year low of $14.72 and a 1-year high of $31.85. The company has a current ratio of 1.85, a quick ratio of 0.57 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 7.25 and a beta of 1.59. The stock’s fifty day simple moving average is $27.76 and its 200-day simple moving average is $27.06.

REV Group (NYSE:REVG) last issued its earnings results on Wednesday, September 4th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.06. REV Group had a return on equity of 18.69% and a net margin of 9.92%. The company had revenue of $579.40 million for the quarter, compared to analyst estimates of $618.70 million. During the same period in the prior year, the firm posted $0.31 EPS. The business’s revenue was down 14.8% compared to the same quarter last year. On average, sell-side analysts predict that REV Group, Inc. will post 1.42 earnings per share for the current fiscal year.

REV Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend was Friday, September 27th. REV Group’s payout ratio is currently 4.77%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. DA Davidson restated a “buy” rating and issued a $33.00 target price on shares of REV Group in a report on Thursday, September 5th. StockNews.com downgraded REV Group from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. Finally, The Goldman Sachs Group lifted their price target on REV Group from $22.00 to $25.00 and gave the company a “sell” rating in a report on Thursday, September 5th.

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.