Federated Hermes Inc. Sells 44,254 Shares of REV Group, Inc. $REVG

Federated Hermes Inc. lowered its holdings in REV Group, Inc. (NYSE:REVG) by 9.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 425,003 shares of the company’s stock after selling 44,254 shares during the quarter. Federated Hermes Inc. owned 0.87% of REV Group worth $20,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. American Century Companies Inc. grew its position 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 purchasing an additional 499,328 shares during the period. Seven Six Capital Management LLC boosted its stake in shares of REV Group by 4.7% in the 1st quarter. Seven Six Capital Management LLC now owns 92,458 shares of the company’s stock worth $2,922,000 after buying an additional 4,150 shares during the last quarter. Invesco Ltd. grew its holdings in shares of REV Group by 9.4% in the first quarter. Invesco Ltd. now owns 1,894,583 shares of the company’s stock worth $59,869,000 after acquiring an additional 163,026 shares during the period. Synovus Financial Corp grew its holdings in shares of REV Group by 13.8% in the first quarter. Synovus Financial Corp now owns 39,078 shares of the company’s stock worth $1,235,000 after acquiring an additional 4,743 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new stake in REV Group during the first quarter valued at $4,263,000.

REV Group Price Performance

NYSE REVG opened at $55.74 on Wednesday. The company has a current ratio of 1.63, a quick ratio of 0.53 and a debt-to-equity ratio of 0.23. REV Group, Inc. has a 12 month low of $26.51 and a 12 month high of $64.47. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 26.29 and a beta of 1.13. The company’s 50 day moving average is $54.71 and its two-hundred day moving average is $51.73.

Wall Street Analysts Forecast Growth

REVG has been the topic of several research reports. Zacks Research raised REV Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Weiss Ratings reissued a “buy (b)” rating on shares of REV Group in a report on Wednesday, October 8th. DA Davidson lowered shares of REV Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $68.00 to $57.00 in a research report on Friday, October 31st. Morgan Stanley set a $55.00 price target on shares of REV Group in a research report on Tuesday, November 4th. Finally, Robert W. Baird reissued a “neutral” rating and set a $55.00 price objective (down previously from $64.00) on shares of REV Group in a research report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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.