Aberdeen Group plc Sells 150,674 Shares of REV Group, Inc. $REVG

Aberdeen Group plc decreased its position in shares of REV Group, Inc. (NYSE:REVG) by 21.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 552,010 shares of the company’s stock after selling 150,674 shares during the period. Aberdeen Group plc owned about 1.13% of REV Group worth $31,139,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its stake in REV Group by 298.5% in the third quarter. Smartleaf Asset Management LLC now owns 546 shares of the company’s stock worth $31,000 after purchasing an additional 409 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of REV Group during the 2nd quarter valued at $38,000. Covestor Ltd grew its position in shares of REV Group by 22,600.0% in the 3rd quarter. Covestor Ltd now owns 681 shares of the company’s stock worth $39,000 after buying an additional 678 shares during the period. Farther Finance Advisors LLC increased its stake in shares of REV Group by 19.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,131 shares of the company’s stock worth $64,000 after acquiring an additional 181 shares in the last quarter. Finally, AlphaQuest LLC increased its stake in shares of REV Group by 5,215.4% in the 2nd quarter. AlphaQuest LLC now owns 1,382 shares of the company’s stock worth $66,000 after acquiring an additional 1,356 shares in the last quarter.

Analyst Ratings Changes

REVG has been the topic of a number of recent research reports. DA Davidson cut shares of REV Group from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $68.00 to $57.00 in a report on Friday, October 31st. Weiss Ratings restated a “buy (b-)” rating on shares of REV Group in a research note on Wednesday, December 24th. Morgan Stanley set a $55.00 price objective on REV Group in a research report on Tuesday, November 4th. Robert W. Baird reissued a “neutral” rating and issued a $55.00 target price (down from $64.00) on shares of REV Group in a report on Monday, December 1st. Finally, Zacks Research upgraded REV Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $49.25.

REV Group Stock Performance

Shares of REVG stock opened at $63.90 on Tuesday. The company has a quick ratio of 0.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.10. The company has a 50 day moving average price of $63.80 and a 200-day moving average price of $58.15. REV Group, Inc. has a 52 week low of $26.51 and a 52 week high of $69.92. The firm has a market capitalization of $3.12 billion, a PE ratio of 33.46 and a beta of 1.14.

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

REV Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Wednesday, December 24th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Wednesday, December 24th. REV Group’s dividend payout ratio is 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.