REV Group, Inc. (NYSE:REVG) Stock Holdings Increased by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its holdings in shares of REV Group, Inc. (NYSE:REVG) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,334 shares of the company’s stock after acquiring an additional 822 shares during the quarter. Victory Capital Management Inc. owned approximately 0.06% of REV Group worth $823,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Amalgamated Bank raised its position in REV Group by 67.5% during the second quarter. Amalgamated Bank now owns 1,777 shares of the company’s stock valued at $44,000 after acquiring an additional 716 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in REV Group by 27.2% during the third quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company’s stock valued at $61,000 after purchasing an additional 461 shares during the last quarter. CWM LLC grew its holdings in REV Group by 525.6% during the second quarter. CWM LLC now owns 4,010 shares of the company’s stock valued at $100,000 after purchasing an additional 3,369 shares during the last quarter. Atria Investments Inc acquired a new position in REV Group during the third quarter valued at approximately $201,000. Finally, DekaBank Deutsche Girozentrale grew its holdings in REV Group by 257.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 7,525 shares of the company’s stock valued at $187,000 after purchasing an additional 5,420 shares during the last quarter.

REV Group Price Performance

Shares of NYSE:REVG opened at $30.87 on Thursday. REV Group, Inc. has a 1-year low of $15.20 and a 1-year high of $32.74. The firm has a market capitalization of $1.61 billion, a PE ratio of 7.36 and a beta of 1.59. The business’s 50 day moving average is $28.38 and its 200-day moving average is $27.49. The company has a current ratio of 1.85, a quick ratio of 0.57 and a debt-to-equity ratio of 0.54.

REV Group (NYSE:REVG) last announced its quarterly earnings data 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. The company had revenue of $579.40 million for the quarter, compared to analyst estimates of $618.70 million. REV Group had a return on equity of 18.69% and a net margin of 9.92%. REV Group’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.31 EPS. Sell-side analysts predict that REV Group, Inc. will post 1.42 earnings per share for the current year.

REV Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend was Friday, September 27th. REV Group’s dividend payout ratio is 4.77%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. StockNews.com downgraded REV Group from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. DA Davidson reaffirmed a “buy” rating and set a $33.00 price objective on shares of REV Group in a research report on Thursday, September 5th. Finally, The Goldman Sachs Group boosted their price target on REV Group from $22.00 to $25.00 and gave the company a “sell” rating in a research note on Thursday, September 5th.

REV Group Company Profile

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.