Squarepoint Ops LLC Sells 36,002 Shares of REV Group, Inc. $REVG

Squarepoint Ops LLC lessened its holdings in REV Group, Inc. (NYSE:REVG) by 55.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,401 shares of the company’s stock after selling 36,002 shares during the quarter. Squarepoint Ops LLC owned 0.06% of REV Group worth $1,352,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in REVG. Canada Pension Plan Investment Board acquired a new stake in shares of REV Group during the 2nd quarter valued at about $38,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in REV Group during the first quarter worth about $54,000. AlphaQuest LLC boosted its holdings in 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 purchasing an additional 1,356 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in REV Group during the second quarter valued at approximately $193,000. Finally, Orion Porfolio Solutions LLC bought a new stake in shares of REV Group in the 2nd quarter valued at approximately $212,000.

Analysts Set New Price Targets

Several research firms recently commented on REVG. Morgan Stanley set a $55.00 target price on REV Group in a research report on Tuesday, November 4th. Weiss Ratings reissued a “buy (b)” rating on shares of REV Group in a report on Wednesday, October 8th. Zacks Research lowered shares of REV Group from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. DA Davidson cut shares of REV Group from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $68.00 to $57.00 in a research report on Friday, October 31st. Finally, Baird R W lowered shares of REV Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, REV Group has a consensus rating of “Hold” and a consensus target price of $49.25.

REV Group Stock Performance

Shares of NYSE:REVG opened at $61.27 on Friday. REV Group, Inc. has a twelve month low of $26.51 and a twelve month high of $64.47. The firm has a market cap of $2.99 billion, a PE ratio of 32.08 and a beta of 1.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.49 and a current ratio of 1.51. The business has a fifty day moving average of $55.48 and a 200-day moving average of $52.89.

REV Group (NYSE:REVG) last issued its quarterly earnings results on Wednesday, December 10th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.05. The business had revenue of $664.40 million for the quarter, compared to the consensus estimate of $646.77 million. REV Group had a net margin of 3.86% and a return on equity of 31.67%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. On average, equities research analysts predict that REV Group, Inc. will post 2.12 EPS for the current fiscal year.

REV Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Wednesday, December 24th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, December 24th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. REV Group’s dividend payout ratio (DPR) is currently 12.57%.

REV Group Profile

REV Group, Inc (NYSE: REVG) is a diversified manufacturer of specialty vehicles serving public safety, healthcare, transportation and recreation markets. The company designs, engineers and produces a broad range of products, including fire and emergency apparatus, transit and shuttle buses, work trucks, ambulances and recreational vehicles. Through its integrated platform, REV Group combines engineering expertise with customer-focused assembly to deliver purpose-built solutions that meet the exact specifications of fleet operators, municipalities and individual consumers.

The company’s product portfolio is organized into three primary segments.