Capital Fund Management S.A. Takes Position in REV Group, Inc. $REVG

Capital Fund Management S.A. purchased a new position in shares of REV Group, Inc. (NYSE:REVG) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 11,352 shares of the company’s stock, valued at approximately $540,000.

A number of other hedge funds have also recently added to or reduced their stakes in REVG. AlphaQuest LLC increased its holdings in shares of REV Group by 5,215.4% during the second quarter. AlphaQuest LLC now owns 1,382 shares of the company’s stock valued at $66,000 after acquiring an additional 1,356 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in REV Group in the 1st quarter valued at $54,000. New Age Alpha Advisors LLC grew its position in REV Group by 71.0% in the 1st quarter. New Age Alpha Advisors LLC now owns 2,165 shares of the company’s stock valued at $68,000 after purchasing an additional 899 shares during the period. Financiere des Professionnels Fonds d investissement inc. bought a new stake in REV Group during the 2nd quarter valued at $193,000. Finally, Longboard Asset Management LP acquired a new position in REV Group during the second quarter worth $221,000.

REV Group Trading Down 0.8%

Shares of REVG stock opened at $56.35 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.53 and a current ratio of 1.63. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 26.58 and a beta of 1.13. REV Group, Inc. has a 52-week low of $26.51 and a 52-week high of $64.47. The company has a 50-day simple moving average of $54.74 and a two-hundred day simple moving average of $51.28.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on REVG shares. Morgan Stanley set a $55.00 price objective on shares of REV Group in a report on Tuesday, November 4th. Baird R W cut shares of REV Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Robert W. Baird reiterated a “neutral” rating and set a $55.00 price target (down previously from $64.00) on shares of REV Group in a research note on Monday. DA Davidson downgraded REV Group from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $68.00 to $57.00 in a research note on Friday, October 31st. Finally, Zacks Research upgraded REV Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $49.25.

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.