Charles Schwab Investment Management Inc. Buys 18,936 Shares of REV Group, Inc. (NYSE:REVG)

Charles Schwab Investment Management Inc. grew its stake in shares of REV Group, Inc. (NYSE:REVG) by 2.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 717,027 shares of the company’s stock after acquiring an additional 18,936 shares during the period. Charles Schwab Investment Management Inc. owned about 1.38% of REV Group worth $20,120,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Amalgamated Bank increased its holdings in REV Group by 67.5% in the 2nd quarter. Amalgamated Bank now owns 1,777 shares of the company’s stock worth $44,000 after acquiring an additional 716 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of REV Group by 27.2% in the third quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company’s stock worth $61,000 after purchasing an additional 461 shares in the last quarter. CWM LLC raised its position in shares of REV Group by 525.6% in 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 period. DekaBank Deutsche Girozentrale lifted its stake in shares of REV Group by 257.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 7,525 shares of the company’s stock valued at $187,000 after buying an additional 5,420 shares in the last quarter. Finally, Atria Investments Inc bought a new position in REV Group in the 3rd quarter worth approximately $201,000.

Analysts Set New Price Targets

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

REV Group Trading Down 0.5 %

Shares of REVG stock opened at $30.65 on Friday. The company has a market capitalization of $1.59 billion, a PE ratio of 7.32 and a beta of 1.61. REV Group, Inc. has a 52-week low of $16.00 and a 52-week high of $32.74. The business’s fifty day moving average is $28.95 and its 200 day moving average is $27.76. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.57 and a current ratio of 1.85.

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

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.