American Century Companies Inc. Has $59.82 Million Stock Holdings in REV Group, Inc. $REVG

American Century Companies Inc. grew its holdings in REV Group, Inc. (NYSE:REVG) by 11.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,055,645 shares of the company’s stock after purchasing an additional 110,998 shares during the period. American Century Companies Inc. owned approximately 2.16% of REV Group worth $59,823,000 as of its most recent SEC filing.

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

REV Group Price Performance

REV Group stock opened at $63.90 on Thursday. The stock’s 50 day moving average is $64.73 and its 200 day moving average is $59.20. REV Group, Inc. has a one year low of $26.51 and a one year high of $69.92. The firm has a market cap of $3.12 billion, a P/E ratio of 33.46 and a beta of 1.14. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.51 and a quick ratio of 0.49.

REV Group (NYSE:REVG) last released 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 firm had revenue of $664.40 million during the quarter, compared to analyst estimates of $646.77 million. REV Group had a net margin of 3.86% and a return on equity of 31.67%. The company’s revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.51 EPS. As a group, research analysts expect that REV Group, Inc. will post 2.12 EPS for the current year.

REV Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Wednesday, December 24th were issued a $0.06 dividend. The ex-dividend date was Wednesday, December 24th. This represents a $0.24 annualized dividend and a yield of 0.4%. REV Group’s payout ratio is presently 12.57%.

Analysts Set New Price Targets

A number of analysts have weighed in on REVG shares. Zacks Research upgraded shares of REV Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Robert W. Baird reiterated a “neutral” rating and issued a $55.00 price target (down from $64.00) on shares of REV Group in a research note on Monday, December 1st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of REV Group in a research report on Wednesday, December 24th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $49.25.

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.