Cookson Peirce & Co. Inc. Takes Position in REV Group, Inc. $REVG

Cookson Peirce & Co. Inc. bought a new stake in shares of REV Group, Inc. (NYSE:REVG) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 21,786 shares of the company’s stock, valued at approximately $1,235,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of REVG. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in REV Group during the third quarter valued at $1,221,000. Beacon Harbor Wealth Advisors Inc. bought a new stake in shares of REV Group in the 3rd quarter worth about $5,625,000. Lisanti Capital Growth LLC boosted its stake in shares of REV Group by 122.5% during the 3rd quarter. Lisanti Capital Growth LLC now owns 79,182 shares of the company’s stock worth $4,487,000 after purchasing an additional 43,587 shares during the period. Virtue Capital Management LLC bought a new position in REV Group during the 3rd quarter valued at about $942,000. Finally, JPMorgan Chase & Co. raised its position in REV Group by 125.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 255,427 shares of the company’s stock worth $12,156,000 after purchasing an additional 142,243 shares during the period.

REV Group Stock Performance

Shares of REV Group stock opened at $63.90 on Friday. The company has a current ratio of 1.51, a quick ratio of 0.49 and a debt-to-equity ratio of 0.10. The stock’s fifty day moving average price is $63.64 and its 200-day moving average price is $57.92. The firm has a market cap of $3.12 billion, a P/E ratio of 33.46 and a beta of 1.14. REV Group, Inc. has a 12 month low of $26.51 and a 12 month high of $69.92.

REV Group (NYSE:REVG) last released its quarterly earnings data on Wednesday, December 10th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.05. The company 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 firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share. On average, equities research analysts expect that REV Group, Inc. will post 2.12 earnings per share for the current fiscal year.

REV Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

About REV Group

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.