REV Group, Inc. $REVG Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lowered its position in shares of REV Group, Inc. (NYSE:REVG) by 33.6% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 68,984 shares of the company’s stock after selling 34,843 shares during the quarter. Franklin Resources Inc. owned about 0.14% of REV Group worth $3,283,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Aberdeen Group plc purchased a new position in shares of REV Group in the first quarter worth about $25,796,000. American Century Companies Inc. increased its holdings in REV Group by 345.5% in the 1st quarter. American Century Companies Inc. now owns 643,854 shares of the company’s stock worth $20,346,000 after buying an additional 499,328 shares during the period. Bragg Financial Advisors Inc purchased a new position in REV Group during the 1st quarter worth approximately $11,639,000. Neuberger Berman Group LLC purchased a new position in REV Group during the 1st quarter worth approximately $6,999,000. Finally, Nuveen LLC acquired a new stake in REV Group during the 1st quarter valued at approximately $6,236,000.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Zacks Research upgraded shares of REV Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. DA Davidson lowered shares of REV Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $68.00 to $57.00 in a report on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of REV Group in a research report on Wednesday, October 8th. Baird R W cut REV Group from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $55.00 target price (down from $64.00) on shares of REV Group in a report on Monday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $49.25.

REV Group Trading Up 2.0%

REVG stock opened at $53.54 on Wednesday. REV Group, Inc. has a 52-week low of $26.51 and a 52-week high of $64.47. The company has a quick ratio of 0.53, a current ratio of 1.63 and a debt-to-equity ratio of 0.23. The firm has a market cap of $2.61 billion, a P/E ratio of 25.26 and a beta of 1.13. The company’s 50-day simple moving average is $54.78 and its 200-day simple moving average is $51.08.

REV Group (NYSE:REVG) last released its quarterly earnings results on Wednesday, September 3rd. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.16. The company had revenue of $644.90 million during the quarter, compared to analysts’ expectations of $613.24 million. REV Group had a return on equity of 27.25% and a net margin of 4.51%.REV Group’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.48 EPS. As a group, equities analysts forecast that REV Group, Inc. will post 2.12 EPS for the current fiscal year.

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.