Edgestream Partners L.P. Invests $1.31 Million in REV Group, Inc. $REVG

Edgestream Partners L.P. bought a new stake in shares of REV Group, Inc. (NYSE:REVG) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 27,600 shares of the company’s stock, valued at approximately $1,313,000. Edgestream Partners L.P. owned about 0.06% of REV Group as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. RD Lewis Holdings Inc. lifted its stake in REV Group by 3.0% during the second quarter. RD Lewis Holdings Inc. now owns 6,900 shares of the company’s stock valued at $345,000 after buying an additional 200 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of REV Group by 4.3% during the second quarter. Ameritas Investment Partners Inc. now owns 5,249 shares of the company’s stock valued at $250,000 after acquiring an additional 218 shares during the period. Police & Firemen s Retirement System of New Jersey lifted its position in shares of REV Group by 2.6% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 11,515 shares of the company’s stock valued at $548,000 after acquiring an additional 289 shares in the last quarter. KLP Kapitalforvaltning AS boosted its stake in REV Group by 2.6% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 11,700 shares of the company’s stock worth $557,000 after purchasing an additional 300 shares during the period. Finally, SummerHaven Investment Management LLC grew its position in REV Group by 1.5% during the 2nd quarter. SummerHaven Investment Management LLC now owns 31,778 shares of the company’s stock worth $1,512,000 after purchasing an additional 475 shares in the last quarter.

REV Group Stock Down 0.8%

REVG opened at $56.35 on Friday. The company has a market capitalization of $2.75 billion, a PE ratio of 26.58 and a beta of 1.13. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.63 and a quick ratio of 0.53. REV Group, Inc. has a fifty-two week low of $26.51 and a fifty-two week high of $64.47. The business has a 50-day moving average of $54.74 and a 200-day moving average of $51.28.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Morgan Stanley set a $55.00 target price on REV Group in a report on Tuesday, November 4th. Weiss Ratings reissued a “buy (b)” rating on shares of REV Group in a research note on Wednesday, October 8th. Baird R W cut REV Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. Robert W. Baird reiterated a “neutral” rating and issued a $55.00 target price (down previously from $64.00) on shares of REV Group in a report on Monday. Finally, Zacks Research upgraded shares of 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 assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, REV Group has an average 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.